News

SEC approves JPMorgan copper Exchange-traded fund

A JPMorgan-backed investment vehicle that aims to track the price of copper has won the approval of US regulators in spite of strong opposition from users of the metal and senior politicians. The Securities and Exchange Commission on Monday approved the exchange traded fund, which...

China’s MMG sees mining boom shifting gear

MELBOURNE - Chinese mining group MMG on Tuesday said the era of sharply increasing metals prices had passed, but redicted activity in China would pick up after the leadership transition in Beijing. With concern in Australia rising over the cooling of the mining boom due...