With more and more foreign businesses wanting to invest and partake in Australia's huge and abundant mining industry, federal authorities are disturbed resources might all be consumed by foreign partners and none will be left for the locals to use.
China needs to re-work its economic policies and growth strategies if it wants to continue enjoying a more than 9 percent annual growth, which catapulted it to become the world's second-largest economy now, otherwise it is also doomed to suffer what the U.S. and Europe are presently experiencing.
China's massive importation of soybean and rapeseed oil, including palm, is seen to cause a global imbalance in the production and supply chain of the commodity, Hamburg-based researcher Oil World said.
Hopes of a coordinated European bailout plan propelled copper futures to end sharply higher Tuesday, with December delivery reaching 15.65 US cents, or 4.5 per cent, to $US3.4395 per pound on the Comex division of the New York Mercantile Exchange.
Gold futures on Tuesday regained its foothold after a three-day slide on a weakened U.S. dollar and renewed investor confidence fuelled by encouragement that European fiscal regulators are working overtime on a bailout fund to address the region's debilitating sovereign-debt crisis.
