miércoles, 15 de octubre de 2014

Chinese banks go after silver and gold fix

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China News Digest
Thursday 16 October 2014
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Since it first debuted in August, only five participants have signed up to the price setting process.

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

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The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

The sudden reversion to protectionism is designed to save the local coal industry.

It has set a world auction record on a per-carat basis for a gem of this colour.

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The mega-ship Shandong Da Ren docked at Dongjiakou port in Qingdao, eastern China, on Oct. 2.

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