Rwanda Seeking Bids for Tin Deposit
Tin – Mining Weekly reported Rwanda is seeking expressions of interest (EOIs) for the Musha–Ntunga tin deposit.
Resource Market News Directory
Iron Ore: Slowing China Economy Clouding Demand
Iron – Reuters reported a slowing Chinese economy clouding the demand outlook in the world's top consumer and halting producers' buying interest for iron ore.
Alderon Iron Ore Oversold
Iron – Forbes reported Alderon Iron Ore Corp (NYSE:AXX) entered into oversold territory, changing hands as low as $2.45 per share.
Short Sellers Targeting Fortescue
Iron – SMH reported Fortescue (ASX:FMG) is targeted by short sellers on speculation iron ore stocks are a poor buy with China demand falling.
BHP Billiton Says Commodity Markets Will Fall
Nickel – CNBC reported BHP Billiton (ASX:BHP,LSE:BLT) said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy.
Indonesia Nickel-Ore Ban Sends Sumitomo Looking for Supply
Nickel – Bloomberg reported restrictions on nickel-ore exports by Indonesia may force Japan to source raw material from other suppliers or reduce output.
Palladium Market Under Pressure
Palladium – FM reported palladium saw a gross deficit so far this year and is under immense pressure to perform better.
Japan Targeting Palladium, Platinum
Palladium – Mining Weekly reported Japan's trading houses are targeting deals to secure platinum and palladium supplies to meet expected shortages later this decade with an expected increase in auto sales.
ETFs: Palladium Plummets
Palladium – IBTimes reported on ETFs falling dramatically across most sector noting palladium was one of the hardest hit.
Implats Names Terrence Goodlace CEO in-Waiting
Platinum – Reuters reported Impala Platinum (JSE:IMP) is priming for Terrence Goodlace to take the reigns on July 1 of this year.
