Iron ore is in free-fall

via DAVID SCUTT Iron ore prices have collapsed, logging the largest decline in years on Monday. And in the case of lower and higher grades, the largest plunge on record. According to Metal Bulletin, the spot price for benchmark 62% fines …

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Troubled Pemex Announces a Big Boost

With perfect timing as the new government embarks on restructuring Mexico’s oil industry. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s embattled oil giant Pemex has almost tripled its estimate of the potential reserves offered by Ixachi, a …

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