Sociedad Química y Minera de Chile $SQM finalized a deal to expand production at one of the biggest sources of lithium in a drawn out deal with the Chilean economic development agency (CORFO). The deal saw Lithium producer’ stocks sold off hard on new supply.
Iron Ore Stocks Rally On Chile, US Tax and China Clean Air Reform
Tax Reform euphoria saw the Dow hit it’s 70th high for the year today and leading iron ore stocks went up with it. Leading iron ore stocks, $RIO, $BHP and $VALE have been receiving a boost with China’s clean air program, we also got positive election news for miners in Chile.
Copper Breaks 3 Year Highs Ahead of China Congress
Copper prices soared on Monday after weekend data from China to the highest level since August 2014. The move was also fueled by position taking ahead of China’s 19th Communist Party Congress this week.