Commodities & Metals
Commodities & Metals Articles
ThinkstockThe price of milk rose to an all-time high in Chicago on Monday. At $24.32 per hundredweight, the price of milk is up 35% since early December. And the increases are almost entirely due to...
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ThinkstockThe contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on record. The collapse...
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ThinkstockWalter Energy, Inc. (NYSE: WLT) is getting to find out all over again about the woes of coal. Its stock sold off with the sector last week after a Goldman Sachs analyst downgrade, and now...
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Ask yourself one question: How much should a banana empire be worth? It is a very legitimate question, and the answer is simply "less than you might think." News broke on Monday that Chiquita Brands...
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ThinkstockThe weekend report that Chinese exports fell by 18.1% in February had a definite impact on equities trading in Asia overnight. Commodities also took their lumps, and the one getting beaten...
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ThinkstockFriday brought about a big drop in the coal miners. Alpha Natural Resources Inc. (NYSE: ANR) tanked after Goldman Sachs downgraded the coal player from an already cautious Neutral rating...
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Mining giant Rio Tinto already owns 50.8% of Turquoise Hill Resources, and speculation that Rio Tinto will buy the other 49.2% has boosted Turquoise Hill's share price by nearly 13%.
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Coal investors are getting coal put in their stockings early in 2014. Alpha Natural Resources is having a very rough end to its week as a result due to a nasty downgrade from Goldman Sachs.
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Odyssey Marine Exploration is the winner from yet another shipwreck salvage. It was awarded the exclusive contract to conduct an archaeological excavation and recover the remaining valuable cargo...
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ThinkstockCoal miner Alpha Natural Resources Inc. (NYSE: ANR) has reached an consent decree with the U.S. Environmental Protection Agency under which the company will spend approximately $200 million...
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USEC has struggled for years as it has tried to get its new U.S. uranium enrichment project funded and under construction. It filed a voluntary petition Wednesday morning for a reorganization under...
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After sliding as much as 1% on Monday, equity futures are pointing to a comeback on Tuesday following the news that Russian President Vladimir Putin has ordered troops in western Russia to return...
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ThinkstockMolycorp Inc. (NYSE: MCP) reported fourth quarter and full-year 2013 results after markets closed Monday. The rare earths miner posted an adjusted diluted loss of $0.28 per share on...
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ThinkstockOil and gold were not the only commodities to trade at higher prices Monday. Agricultural commodities, too, are getting even bigger boosts from the troubles in Ukraine. During the Soviet...
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ThinkstockThe government of Indonesia in January banned the export of all raw materials and then introduced an escalating export tax of 20% to 25% on copper concentrate sent out of the country. The...
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