Commodities & Metals
Commodities & Metals Articles
Steel-maker Nucor Corp. (NYSE: NUE) released guidance for its first quarter of 2012 that is about 50% less than consensus estimates. The company said that EPS for the first quarter would be...
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The Ekati diamond mind in northern Canada could be about to change hands. BHP Billiton plc (NYSE: BHP), which owns 80% of the mine, is reportedly in discussions with several potential buyers,...
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Cliffs Natural Resources Inc. (NYSE: CLF) has remembered a trick that other companies often use to try to bolster confidence amidst a share price confusion…. It is increasing the shareholder...
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The Japan, the EU, and the U.S. will join forces to ask the World Trade Organization to intercede over China’s exports policies on rare earth metals. These metals are scarce and are...
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Is it starting to feel like the silly season all over again? On a day after higher consumer confidence and weak durable goods, spot gold is up just over 1% at $1,788.90 but spot silver is up almost...
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New data from the Department of Agriculture shows that, as world demand for food continues to be relatively high, price increases will moderate or even fall. This is in contrast to several years of...
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The metals and materials sector, including miners, has been hit hard by the weaker global economy. China’s manufacturing slowdown, the turmoil in Europe, and slow growth in the US have caused...
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They say there is an ETF for just about any investing strategy and just about any sector. Today, there are five new ETFs hitting the market from BlackRock, Inc. (NYSE: BLK) under its iShares ETF...
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TrimTabs is out with its newest round of investment research and it is calling for investors to buy gold and silver for the long-term on what it calls a dollar cost average basis. While the move may...
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The US Energy Information Administration today reported the US natural gas stocks fell by a total of 192 billion cubic feet in the past week, somewhat more than the drawdown of 182 billion cubic feet...
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Earlier this week, Kinross Gold Corp. (NYSE: KGC) released a preliminary statement on 2012 production, mining costs, and a writedown a portion of $4.6 billion in goodwill on an African property....
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The SPDR Gold Trust (NYSE: GLD) and the iShares Silver Trust (NYSE: SLV) are not falling on this news due to ‘risk-on trading’ this morning, but the two metals were part of a large metals...
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US coal miner Patriot Coal Corp. (NYSE: PCX) said this morning that it was closing three of its contractor-operated coal mines and two production units in West Virginia “in response to weaker...
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Low prices for phosphate fertilizer products have forced The Mosaic Co. (NYSE: MOS) to cut production by up to 250,000 tons in the first quarter of 2012. Fertilizer makers Potash Corp. of...
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Molycorp, Inc. (NYSE: MCP) is being punished today on news which some would argue is very mixed. J.P. Morgan decided to lower its price target and earnings estimates for Molycorp. The new target...
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