Chinese demand and a controversial new tax on resources will be in focus at a key mining industry gathering in the Australian outback next week, testing the appetite for new mining projects.
The group of governors and heads of supervision who oversee the Basel Committee on Banking Supervision said Monday that they had reached a 'broad agreement' on the 'overall design' of new capital and liquidity rules for banks.
Prices of copper and nickel rose by Rs 2 per kg in the wholesale non-ferrous metal market today on increased demand from consuming industries amid firming trend at the London Metal Exchange.
Copper prices jumped the most in three weeks after a gain in US building permits boosted demand prospects for the metal used in electrical wiring and plumbing.
In the past few weeks, China has pulled out of mining deals, curbed production, let stockpiles sink, expanded a resources tax and announced gold will not be a key investment for its foreign exchange reserves.
