Commodities & Metals
Commodities & Metals Articles
When the proposed $90 billion merger between Glencore International and Xstrata was first announced, the seeds of its failure were first planted. Glencore already owned 34% of Xstrata and could not...
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The recession did something interesting to platinum. It took away much of its relevance, and the rising gold prices helped to take away platinum’s historic premium. Due to major labor strike with...
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U.S. rare earth minerals miner Molycorp Inc. (NYSE: MCP) announced after markets closed today that it had begun production at its Project Phoenix concentrate facilities in Mountain Pass, California....
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The U.S. Department of Agriculture (USDA) announced today that its estimate for food price inflation did not change in July. The agency still expects food prices to rise 2.5%-3.5% this year and 3%-4%...
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Slowing global economic growth is cutting into sales of heavy construction and farming equipment in what were the world’s fastest growing markets: China and India. The impact on U.S. makers like...
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Jon OggThe Euro is not just back above $1.25 in mid-day trading after the European stock markets have closed for the day… It is approaching $1.26 and the implied market chatter (which we call hope)...
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China’s ministry of commerce raised its rare earth minerals export quotas for 2012 to nearly 31,000 tons yesterday, up from just over the previous limit of just over 30,000 tons. The increase comes...
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The first official warning of food price increases due to the U.S. drought came last month, when the U.S. Department of Agriculture forecast an increase of 2.5% to 3.5% for food consumed at home in...
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The drought that has put a severe dent in the US corn crop is now threatening to do the same kind of damage to the soybean crop. Corn, which is planted and harvested earlier than soybeans, has been...
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Farmers are bringing in corn harvests as fast as possible. The trend will not help overall supply, except in the early part of the season. The shift in harvest time, therefore, will not undercut high...
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Listing shares on the NYSE may sound a bit like an initial public offering. Today’s news is only half way there for a small gold mining capital financing player which has been public in Canada,...
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South African authorities said that 34 “protesters” at a platinum mine were killed after police opened fire on the striking workers. The mine is owned by London-listed Lonmin PLC, the world’s...
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The US Drought Monitor has noted a significant expansion of the drought in the lower 48 states has finally stopped. The agency said that about a quarter of the country continues to experience drought...
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Molycorp Inc. (NYSE: MCP) has announced that it intends to offer and sell $300 million aggregate principal amount of convertible senior notes due in 2017 and $150 million of its common stock. The...
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Compared with the second quarter of 2011, demand for gold fell 7% by a total of nearly 76 metric tons, to 990 metric tons, in the second quarter of 2012, according to the World Gold Council’s...
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