Commodities & Metals
Commodities & Metals Articles
ThinkstockFrom those from whom not much is expected, not much is likely to be delivered. The consensus estimate for second-quarter earnings from Alcoa Inc. (NYSE: AA) have dropped about 60% in the...
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ThinkstockSouth African miners at two platinum mines owned by Anglo American PLC’s Anglo American Platinum subsidiary (known as Amplats) have begun a wildcat strike, demanding that the company lift...
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ThinkstockThe derailment and subsequent explosion of a 73-car crude oil train in Lac-Megantic, Quebec, in the early hours of Saturday morning has killed at least three people and scores more are...
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ThinkstockAt this time last summer, less than a quarter of the lower 48 states had managed to escape a nationwide drought. As of yesterday, less than half the lower 48 are experiencing drought...
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thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 72 billion cubic feet last week, within the range for an expected build of between...
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ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 10.3 million barrels last week,...
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ThinkstockSlower-than-expected Chinese growth and Federal Reserve tapering discussions have severely affected the commodity world. Strengthening of the U.S dollar, unwinding of the global carry-trade...
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ThinkstockThat summer camping trip just got a little bit cheaper. The average price of a gallon of regular gas has dropped seven cents in the past week, from around $3.56 to $3.49. A month ago a...
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ThinkstockGold futures for August delivery opened just shy of $1,200 an ounce this morning on the Comex, and have since gained more than 6% to trade right around $1,217. But the good news ends there....
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ThinkstockTwo U.S. aluminum smelters, two more in Spain, and one in Italy have already been shut down by Alcoa Inc. (NYSE: AA) as the aluminum fabricator and miner tries to come to grips with the...
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ThinkstockOne sure way of making money in coal mining these days is to find a buyer for your mining assets. That is what Arch Coal Inc. (NYSE: ACI) did this morning, and its stock price is getting a...
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ThinkstockThe U.S. Department of Agriculture (USDA) today released its preliminary report on June farm prices. The index uses prices from 1990 to 1992 as its base value (100). The June all-products...
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ThinkstockGold for August delivery closed down 1.5% today, at $1,211.60 per ounce. But the really big news is what happened in electronic trading after the Comex closed for the day. The August...
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ThinkstockFor the second time in less than a week, a diamond miner has said that it will have to figure out a way to become more profitable in a tough economic environment. The CEO of De Beers, the...
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ThinkstockThe monumental fall in gold and silver that few thought could get so bad so fast is soon to have some serious problems of its own. In the most recent week, we have heard of record shorting...
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