iPhone - 购买 iPhone - Apple (中国大陆):从 Apple Store 购买你的下一部 iPhone。在这里你能了解到有关运营商、优惠活动、付款方式、折抵换购、设置等各方面的信息，众及常见问题解答。Many accidents happen, for instance as a result of errors that happen from malfunctioning equipment or the incorrect use of explosives.

Every year hundreds if not thousands of miners die in mining accidents across the globe. These accidents usually happen in the developing countries. Mining for coal is considered by experts in the field to be the most dangerous form of extraction. See more at 2000 Baia Mare Cyanide Spill

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The most recent case of a mining accident caused by human error is the collapse of the Brumadinho dam this January in Brazil. As a result, 166 were killed and 200 are treated as missing. According to The Guardian, the Brazilian police have arrested eight employees of the mining company Vale, which administered the dam. They have been charged with covering up the structural weakness of the dam.

Their negligence caused an immeasurable amount of pain to the local communities and damage to the environment. The Chief Executive Officer of Vale admitted that the company did not take safety measures seriously. This error could have been avoided entirely and the world would have been happier for it.

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Against the background of mining accidents, another segment of society is also affected; namely the economic sphere. Let us take a look at the Vale disaster and its effect on the prices of commodities. Since Vale mined for iron ore near the Brumadinho dam, the prices of iron ore, have been affected

The fear among traders was that the mining company would have to shut down its other mines, thereby creating a supply shortage. Since mining accidents are not an infrequent occurrence, other multinational mining conglomerates cut production to ensure safety of their facilities. The global supply iron ore was restricted, which created something of a panic on the global economic stage.

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Headlines of major publications stoked the flames of paranoia with regards to the iron ore supply chain. This in turn would drive up the prices of iron ore on the world market. Weeks following the incident, the price of iron ore steadily increased and reached levels not seen in a couple of years. Large trading firms did not want to sell the iron ore in their warehouses and ports because they expected the price to increase

And increase it did! Manufacturing steel companies wanted to buy iron ore because they believed that the price would only increase, thereby making their products like Book of Dead more expensive. Nobody really knew what course of action to take because the market was up in the air. Naturally, experts could look at previous instances of mining accident occurrences and attempt to draw conclusions where the market will be heading.

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However, it is never easy to gauge where the market will go since there are many factors that contribute to the changing prices. Many of these unseen forces are also unknown to many market players. Sometimes, companies that mine iron ore will hoard the commodity in order to create hysteria in the market thereby hoping to increase the prices.

This year, the mining disaster coincided with the Chinese New Year, which meant that the major global player would be inactive for two weeks. Since China is the world’s largest importer and consumer of iron ore, Chinese companies are able to influence price trends of steel products. Analysts, traders and manufacturers waited for China to come back from the holiday with bated breath.

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The end result was rather anti-climactic; very few trades took place after the holidays. As a result, the price of iron ore decreased. The market underwent a correction, and it slowly stabilized. Ultimately, for entities involved in manufacturing stable prices is a welcome event. This is in large part because they can safely with minimal risk draw up business plans for the next quarter without the fear or price volatility.

It is only the speculators in major exchanges that thrive during price volatility, since they stand to make a large profit. Financial speculation is akin to gambling, some might even claim that it is in fact gambling. Perhaps it’s only sophisticated form of gambling. A gambling atmosphere permeated the offices of commodity traders, steel factories and major newspapers.

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