Coal surge challenges China
China seeks response to "irrational" price surge amid efforts to streamline its coal industry.
China seeks response to "irrational" price surge amid efforts to streamline its coal industry.
Zinc retreated from a five-year high, while copper touched its highest since July.
Chinese iron ore futures climbed to their strongest level in more than two years amid firm demand.
The world's biggest iron ore miners need to start spending as much as $US8 billion on new mines.
Donald Trump's improving election odds is prompting investors to seek safety in gold.
Iron ore's eye-catching rally to its April high is probably due to the weakening of the yuan.
Gold, silver and platinum rallied to one-month highs as US election worries paced equities lower.
Vale shares rose to a two-year high after the iron-ore miner beat analysts' earnings estimates.
The Fed will probably raise rates in December and twice more in 2017, hurting gold.
Iron ore is surging thanks to its bulk-commodity compatriot, coal.
Iron ore futures have surged as a spectacular rally in coking coal pulls steel and other raw materials in the supply chain higher.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in