The world’s largest coking coal deposit is up for sale, the Mongolian mine located in the South Gobi desert near China’s northern border is being hotly contested by firms from China, India, Korea, Russia and Japan, as demand for steel in the emerging...
After becoming the world’s largest manufacturing base and recently overtaking Japan as the second largest economy, China has managed to pull another first. Statistics released today show China for the first time in history overtook the US in investments in...
India is expected to quadruple export duty on iron ore fines from the present 5 percent to 20 percent and from 15 percent to 20 percent on iron ore lumps as it seeks to curb exports, mostly to China, in a budget move that hit domestic producer shares and could push...
Gold is set for its biggest weekly advance this year as unrest in the Middle East, rising inflation and a weakening dollar combined to fuel demand for the yellow metal as an alternative investment. World gold demand grew 9 percent during 2010 to 3,812.2 metric tons,...
Last week, Indian and Chinese companies struck two large deals in the infrastructure and stainless steel sectors. One of the deals, involves constructing a road in Jammu & Kashmir, near the India-China border. Baosteel Resources, the Baosteel group’s...
Even as rubber, oil and steel prices soar on the inflation highway , Chinese auto companies are revving up their engines to cruise into the Indian market. Even though India’s roads might be congested and cars fight tooth and jowl as infrastructure creeks, the...
