Fortescue Metals Group’s share price has surged following the burst of the Brumadinho dam in Brazil ― the country’s worst mine disaster on record.
Gold and silver might be the headline-grabbing metals, but base metals and minerals can be just as exciting.
These are the building blocks of the economy — aluminium, zinc, copper, lead, nickel, tin and iron ore.
Although base metals — including copper, lead and zinc — are of generally lower value, they are the basic building materials for much of the world around us. They are often good conductors of electricity and heat. They’re malleable. And they’re shiny.
Minerals are solid, naturally occurring, inorganic substances that are found in the earth’s crust. They are formed with no interference from man and possess a definite chemical composition and chemical structure.
Largest Industry Sector
The metals and mining sector is the largest industry sector, with over 700 companies involved in the exploration, development and production of extractions across 100 countries. These contributors include global giants BHP Billiton and Rio Tinto, as well as other mid-tier producers and junior miners.
The world’s economy doesn’t grow without them, so don’t forget to consider them as part of your investing plan.
We’ll keep you posted on the news from the commodity exchanges in New York and around the world with the latest in supply and demand. Then you can consider whether an explorer or developer might be worth investigating.
See below for more…
As we’ve been covering here at Markets & Money, the price of iron ore has experienced a recovery. Today, we will be looking at the four major ASX mining companies and their prospects in the…
Iron ore spot prices have shown mixed results this week. Some analysts arguing that prices would stay positive after gains earlier in this week.