Commodities & Metals
Commodities & Metals Articles
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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The most severe US drought in more than 50 years is shining a light on new developments in corn seeds that are sure to stir more debate both domestically and overseas about the use of genetically...
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Molycorp Inc. (NYSE: MCP) was supposed to be fully funded and almost fully booked for its capacity. You would never know it if you just looked at the tape. Now we have some additional concerns...
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The US Climate Prediction Center continues to forecast the formation of an El Niño weather pattern in the eastern Pacific Ocean in August and September, and now Japanese forecasters have added their...
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