Commodities & Metals
Commodities & Metals Articles
We’ve been watching the fertilizer industry’s merger triangle of Agrium Inc. (NYSE: AGU), CF Industries Holdings, Inc. (NYSE: CF), and Terra Industries, Inc. (NYSE: TRA) for a while now. In the...
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The US Environmental Protection Agency has sent a letter to two offices of the Army Corps of Engineers related to “potential harmful impacts on water quality” at two surface coal mine operations,...
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The recent move in gold may be saying something about how to value the commodity in an environment of low inflation and in an environment where fear brings less of a premium. The London gold price...
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The FT reports that contracts between some large coal producers and steel and power companies show coal prices falling by as much as 60% Australia’s BHP Billiton Ltd. (NYSE:BHP) and Japan’s...
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For the second time in as many weeks, CF Industries Holdings, Inc. (NYSE:CF) has rejected an offer from Agrium Inc. (NYSE:AGU), saying that “Agrium’s offer is grossly inadequate, substantially...
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Some good news in the markets today and the massive influx of future money from the Fed and Treasury has led to a substantial increase in both crude oil and gold prices. NYMEX crude futures are up...
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When China’s government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest was...
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Steel Dynamics, Inc. (Nasdaq: STLD) gave updated guidance reading for its first quarter tonight. It is hard to get excited about the metals sector and Steel Dynamics in particular. Take This...
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Share prices for gold miners and gold bullion mostly dropped yesterday as traders thought it was a good day to take on more risk. In London this morning, gold prices have jumped back above $900/ounce...
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Agrium Inc.(NYSE: AGU) does not want to give up on its merger intentions. The company issued a statement saying that the rejection by CF Industries Holdings, Inc. (NYSE: CF) of its proposed...
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Fertilizer maker CF Industries Holdings, Inc. (NYSE: CF) this morning rejected a buyout offer from Canada’s Agrium, Inc. (NYSE: AGU). The stock and cash offer was valued at about $72/share of CF...
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Arch Coal, Inc. (NYSE:ACI) plans to buy a coal mine in Wyoming’s Powder River Basin from Rio Tinto plc (NYSE:RTP) for $761 million. The Jacobs Ranch mine includes 381 million tons of coal reserves...
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Barely a week ago, we noted that Terra Industries, Inc. (NYSE: TRA) was likely to refuse an unsolicited offer from CF Industries Holdings, Inc. (NYSE: CF) because the deal included only 0.4325 shares...
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We have been saying for some time that 2009 would be a tougher year for coal producers than 2008 was. The struggling economy just doesn’t need more energy. CONSOL Energy Inc. (NYSE: CNX) put some...
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Gold has traditionally served as a safe haven for investors in times of economic turmoil or as a store of value during inflationary periods. The Economist recently argued that now is the time to...
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