The Chinese property crisis has led to stock piles of iron ore and finished steel products, which has sent the price of Austalia’s biggest export falling. Senior Equities adviser at Bell Potter Securities, Giuliano Sala Tenna says he’s expecting to see a correction in the industry as the price comes down closer $US80 per tonne. … Read more
Australia has done exceptionally well riding China’s economic boom. But the political and economic uncertainty surrounding the world’s two biggest economies – the US and China – point to tougher times ahead. The property bust and the slump in construction is cause for alarm for Australian miners. Construction in May was about 80 per cent … Read more
Nickel is a critical metal in batteries, and the world’s miners are racing to keep up with the booming demand for electric vehicles and renewables. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3dyt69g ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s … Read more