Commodities & Metals
Commodities & Metals Articles
Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today. Perhaps it should not have been. The stock rose up 8.5% at $43.05 today on more than double the normal volume. Options were...
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Canadian-based fertilizer maker Agrium Inc. (NYSE: AGU) made an unsolicited offer for CF Industries Holdings, Inc. (NYSE: CF) earlier this week of one share of stock plus $31.70 cash for each CF...
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We covered last weekend about how the $1,000.00 gold was at an inflection point and looking as though it was either poised to pop to $1,200.00 on the speculation of fear or that it was likely to fall...
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A guest on CNBC this morning predicted that Gold was ready to go through the roof. The 20 to 25 year unwinding of the credit boom has led Hans Goetti, Chief Investment Officer of LGT Bank in...
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An affiliate of State Street Corporation (NYSE: STT) reported this morning that its ETF SPDR Gold Trust (NYSE: GLD) has amassed more than $30 billion in assets. That makes the trust second only to...
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Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) both reported earnings this morning. Newmont had net income of $10 million ($0.02 EPS) on revenue of $1.342 billion. On a non-GAAP...
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Canadian gold miner Apollo Gold Corp. (NYSE: AGT) is negotiating with its lenders for an additional $70 million to complete the company’s Black Fox project in Ontario. The company may make the...
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The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (TRP). A billion dollars of the cash will go to buying back a piece...
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Intrepid Potash, Inc. (NYSE:IPI) has announced that President and Chief Operating Officer, Patrick L. Avery, is leaving the company. This isn’t over management performance or over company...
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Results from the world’s largest steelmaker, ArcelorMittal (NYSE:MT), could have been worse, but it’s hard to see how. For the fourth quarter, the company posted a loss of $2.63 billion (EPS of...
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Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc....
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It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early read on the merger...
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South African gold miner AngloGold Ashanti Ltd. (NYSE:AU) shares are up about 1.5% this morning after the company reported a quarterly net loss of $17 million. The loss was primarily attributed to a...
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When the going gets tough, the tough go for gold. That’s historically the way it’s worked out. And the going is definitely tough now. So what about gold? Is it going up or down? Is gold the place...
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Over the past year, platinum prices have fallen from a high around $2,250/ounce to about $955/ounce. Gold has also dropped from its high of about $1,000/ounce to just below $900/ounce. That’s not...
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