NEW YORK ( TheStreet) -- Gold Reserve ( GRZ) and Great Northern Iron Ore Properties ( GNI) were the only stocks to end in green this past week. The laggards were Mines Management ( MGN), Alpha Natural Resources ( ANR) and AK Steel Holding ( AKS).Gold Reserve topped the advancers' list last week, up 3.7%. Great Northern Iron Ore Properties followed advancing 0.1%. Mines Management shed 18.1%, at the helm of losers this past week. With China's November manufacturing PMI easing to a 32-month low of 48 from 51 recorded in October, cement and coal companies faced a pushback. A chief economist at HSBC China indicated that this would lead to an 11% to 12% contraction in industrial output over the next few months. Coal stocks Alpha Natural Resources and James River Coal ( JRCC) declined 17.7% and 14.1%, respectively. Zacks Investment Research has downgraded JRCC to underperform from the earlier neutral rating. Meanwhile, Australian thermal coal prices, benchmark for Asia, slipped to $110.85 per ton from $113.6 per ton on the Newcastle Coal Spot Australia Index in the earlier week. Additionally, market speculation that Beijing would intervene to cap spot coal prices at $125 per ton has affected coal stocks adversely. AK Steel Holding plummeted 17.3% last week. Among others, Patriot Coal ( PCX) and Westmoreland Coal ( WLB) slumped 13.8% each. After a rating downgrade to underperform from neutral at Zacks Investment Research, Arch Coal ( ACI) trimmed 8.5% at close last week. U.S. Gold ( UXG) dipped 13.7% after gold prices crashed midweek on flagging China economic data. Gold prices were down 0.6% between Nov. 24 and Nov. 25. Steel stocks ArcelorMittal ( MT) and U.S. Steel ( X) lost 13.5% and 13.2%, respectively at close last week. Iron ore spot prices are on a downtrend as key consumer China is likely to face a squeeze down in its appetite. Additionally, JP Morgan Chase has lowered its iron ore price forecasts by 10% to 15% for the next five years, in light of shrinking demand. Vale ( VALE) tumbled 11.8% after JP Morgan cut its forecasts for iron ore prices. Weak industry fundamentals and the overall slump in the metal and mining sector triggered a slide in industry majors Peabody Energy ( BTU), Rio Tinto ( RIO) and BHP Billiton ( BHP), down 10.7%, 10.5% and 8.2%, respectively . Silver prices slipped 1.1% to $31.26 per ounce at close this past week. Stocks like MAG Silver ( MVG) and Endeavour Silver ( EXK) dipped 10.4% and 8.9%, respectively. Aluminum prices plummeted 3% last week to 52-week lows of $1,981.75 per metric ton. Aluminum stocks like Alumina ( AWC), Kaiser Aluminum ( KALU) and Aluminum Corporation of China ( ACH) erased 13%, 9% and 7.2%, respectively.