Copper extends slide
![Since hitting a 17-month high above $US6000 on November 11, copper has dropped nearly 10 per cent.](/content/dam/images/g/s/2/y/w/e/image.related.afrIndexLead.320x210.gssxgj.png/1479493761319.jpg)
​Copper clocked its biggest weekly fall in a month as the US dollar soared to a 14-year high.
​Copper clocked its biggest weekly fall in a month as the US dollar soared to a 14-year high.
Iron ore just capped the biggest weekly drop in six months.
After a searing rally last week, metals and iron ore are giving back some of the gains.
The meteoric rise of copper prices since Trump's victory in the US presidential election last week is not justified by fundamentals, analysts say.
Iron ore prices are continuing to rally but experts don't expect the price to be sustainable enough for producers to up their capacity.
There's just no stopping iron ore. Benchmark prices are on their way to doubling as concern eases about a slowdown in China.
Iron ore has surged to $US70 a tonne following Donald Trump's victory. Analysts and investors are split on whether the two are linked.
US coal miners, friendless for so long, should have a new champion in the Oval Office.
China's consumer inflation rate grew at its fastest pace in six months in October as food prices rose, while PPI accelerated to a near-five ...
Spot metallurgical coal topped $US300 a tonne for the first time in five years.
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