Iran Mercantile Exchange (IME) announced that commodities valued at $324.2 million and weighing over 659,979 tons were transacted in its domestic trading and exports halls during the past working week (July 15-20).
The Asian financial crisis started 20 years ago and the global financial crisis and recession nine years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have become less resilient and more vulnerable. They thus need to prepare from being overwhelmed.
A new lead and zinc mine in northwestern Cuba is on track to start production in October as part of the Caribbean island’s attempt to breathe fresh life into its mining sector, the joint venture Emincar overseeing the project said this week.