Commodities & Metals
Commodities & Metals Articles
ThinkstockGold futures closed at around $1,676 an ounce in 2012, about 7% higher than the $1,565 or so the yellow metal fetched at the beginning of the year. Forecasts for the price of gold at the...
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thinkstockThe Mosaic Co. (NYSE: MOS) reported second-quarter fiscal 2013 results before markets opened this morning. The fertilizer maker reported diluted earnings per share (EPS) of $1.47 on...
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ThinkstockOn a day when exuberance — either rational or irrational, who knows? — is ruling equity prices, rare earths miner Molycorp Inc. (NYSE: MCP) is surging. The company, which has had its...
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ThinkstockNow that the United States has dodged the fiscal cliff, investors are expecting at least a boomlet in manufacturing and production. That means more energy and more basic materials. Coal and...
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thinkstockCanada’s potash marketing and trading company, Canpotex Ltd., said today that it has signed an agreement with a subsidiary of China’s Sinofert for 1 million tons of potash in the first...
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ThinkstockLow prices for natural gas have led to lower demand for coal as a fuel for electricity generation and to wider margins for chemical products makers. Now it looks like the U.S. steel...
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ThinkstockFearful of the consequences of milk prices rising to $8 a gallon, U.S. House and Senate conferees have agreed to extend the 2008 Farm Bill for another year. Had a deal not been reached, the...
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ThinkstockTwo days ago, a mining company named Southridge Enterprises Inc. (SRGE) issued a press release announcing a joint venture with gold miner Kinross Gold Corp. (NYSE: KGC). Only thing is, the...
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ThinkstockCanadian mining firm Teck Resources Ltd. (NYSE: TCK) announced this morning that the company expects fourth quarter coal shipments to exceed its prior guidance of 6.2 million metric tons....
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ThinkstockGold futures closed below $1,650 an ounce on the Comex last night, sharply lower than the $1,700 or so the yellow metal fetched at the beginning of December 2011, but well above the price...
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ThinkstockThe world’s largest steelmaker, ArcelorMittal (NYSE: MT), said this morning that it would take a noncash $4.3 billion impairment charge against the goodwill of its businesses in Europe....
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Thinkstock2012 has been a mixed year for the base metals. 24/7 Wall St. is looking into 2013 to see what the new year may bring for the sector. The long and short of it is that there does not appear...
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ThinkstockDillon Gage Metals is calling for higher gold prices in 2013. Not just a little higher, but $2,000 per ounce. With gold around $1,670 per ounce, that translates to about 20% expected price...
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ThinkstockAnother earnings warning is out this morning, this time from one of the largest U.S. steel makers. Nucor Corp. (NYSE: NUE) this morning lowered its fourth-quarter diluted earnings per share...
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ThinkstockBy 2017, coal consumption will nearly equal consumption of oil as the leading source of the world’s energy. The International Energy Agency (IEA) estimates that global coal consumption...
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