Commodities & Metals
Commodities & Metals Articles
UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that another...
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Coal miner Walter Energy Inc. (NYSE: WLT) this morning lowered its revenue and profit forecasts for the current quarter, but, in a bit of an odd turn, maintained its full-year production forecast....
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Peabody Energy Corporation (NYSE: BTU) is issuing an earnings warning, but not from the normal logic behind most warnings. The warning is said to be due to Australia weather-related events. The...
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Randgold Resources Limited (NASDAQ: GOLD) is paying a price for where it does business. The political situation in the African nation Mali is in a coup. The gold mining outfit has extensive...
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Rubicon Minerals Corp. (AMEX: RBY) said today that it has received approval from the Ontario, Canada, environmental ministry for its proposed amendments to water, sewage, and air permits at the...
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Ag biotech company Origin Agritech Ltd. (NASDAQ: SEED) is seeing its shares shoot up this morning following a report from boutique investment firm Moness Crespi Hardt that the company’s genetically...
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Greek-based shipping company NewLead Holdings Ltd. (NASDAQ: NEWL) yesterday cancelled a 1-for-5 reverse stock split. From the company’s news release: NewLead decided not to proceed with the 1-for-5...
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Canadian grain-handler Viterra Inc. (OTC: VTRAF.PK) has agreed to be acquired by Glencore International plc (OTC: GLCNF) for C$16.25/share, or a total of about C$6.1 billion ($6.2 billion). The...
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The projected slowdown in China’s GDP growth to 7.5% in 2012 has dampened demand for steel. Steel prices are flattening out and the result is that investors are seeing a drop in demand for iron...
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After a fairly wild ride, WTI crude oil futures for April delivery closed the week at $107.06/barrel, a drop of -0.3% from a week ago, but about 2% higher than where they started the day. Brent crude...
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British newspaper The Guardian has a blog post saying there is speculation that US coal miner Walter Energy Inc. (NYSE: WLT) could be a ripe for a takeover fight among three potential buyers. First,...
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US plantings of wheat and corn this year will be higher than the most recent US Department of Agriculture survey according to new survey results from Allendale Inc. cited by Bloomberg News. The firm...
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During some points in the market cycle, gold is a hedge against the dollar. Sometimes it is a risk-on trade that follows the stock market as though it was its own sector. And during some periods...
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ThinkstockStarbucks Corp. (NASDAQ: SBUX) raised the bar this morning, posting a new 52-week high of $53.37. Almost certainly the share price rise is due to the continued low prices for coffee and the...
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Steel maker Steel Dynamics Inc. (NASDAQ: STLD) today cut its EPS guidance by around 50% of the previous consensus estimate of $0.36. The company’s new forecast is for EPS of $0.15-$0.20. Nucor...
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