Each dot represents either a gold and precious metals project or a base metals and iron ore project.
The mining industry, from metals to iron ore, has also seen earnings and outlooks take a hit recently, with names like Cliffs Natural Resources ( CLF) and Joy Global ( JOY) being sold as estimates soften.
Commodities currently mined in the region include nickel, cobalt, platinum group metals, zinc, iron ore, and ilmenite, as well as gold.
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Vale is the second-largest mining company in the world that produces a wide range of metals, the largest being iron ore and nickel.
The other significant industrial user is iron and steel production, though iron ore and various other metals used to make alloys are also significant costs.
Australia is supplying much of the iron ore, non-ferrous metals and coal that China needs.
Tuesday's move by Alcoa follows Monday's decision by Australian iron ore miners Rio Tinto and Fortescue Metals Group to cut their annual production by 10.0% due to weakening demand from China.
Ore is where we can extract the metals and get more than it costs us to extract them.
Stephen Briggs, metals strategist at BNP Paribas, believes that poor ore grades, namely from major mining companies, are at the top of the list for poor mine supply this year.
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So Mr Potanin has brought in another metals magnate, Alisher Usmanov, who owns iron-ore mines and has links to Gazprom, Russia's state-controlled gas giant.
Pangaro likes Companhia Vale do Rio Doce (nyse: RIO - news - people ), known as CVRD, a mining and metals giant that benefited from a 71% increase in iron ore prices last year and a 19% rise this year.
Consider, gold is no more volatile than other metals yet it carries at least a 20 percent premium over copper, iron ore and coal equities.
Massive ore deposits of copper, lead, zinc, silver, gold and other metals formed in this way.
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