Commodities & Metals
Commodities & Metals Articles
The largest deposit of rare earth metals have been found underneath the Pacific Ocean. Its presence could eventually break China’s grip on inventories which have worried industrialists worldwide....
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Analysts at Goldman Sachs Group Inc. (NYSE: GS) have reversed a forecast from just two weeks ago suggesting that corn, wheat and soybean prices would be higher due to reduced harvests this fall....
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Since the beginning of this year, the price of gold has gained about 6%. Three large precious metals funds, however, are down between -5% and -10% during the same period. The mutual funds though are...
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For the past couple of weeks the price of corn has risen above the price of wheat, a market condition that has occurred just twice before in the last 27 years. The reversal typically rights itself as...
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Yesterday’s announcement by the International Energy Agency that member nations, including the US, would release 60 million barrels of crude sliced 5% off the price of a barrel of WTI crude. Oil is...
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The Mosaic Company (NYSE: MOS) was perhaps one of the largest secondary offerings out there of its sort. The tally was close to $6 billion when it was all said and done. We had discussed this as...
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One of the major caveats related to gold mining and gold prices has been the rising cost of production. Higher labor costs, higher energy costs, and lower grade ores have all contributed to boosting...
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A Goldman Sachs analyst has raised the coal sector from ‘Neutral’ to ‘Attractive’ this morning. The big gainer was Patriot Coal Corp. (NYSE: PCX) which was raised from ‘neutral’ to...
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In the past 12 months, copper has risen from about $2.80/pound to as high over $4.60/pound, an increase of about 64%. The red metal now trades at about $4.10, or about 46% above its year-ago price....
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The failure of the European Central Bank and the International Monetary Fund to reach an agreement on a second bailout package for Greece, combined with a variety of other poor economic news, has...
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Glencore International (LSE: GLEN) was supposed to be a hot IPO in the world of commodities. It turned out that it caught a serious downward trend in the stock market, some commodity bubbles were...
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An organization called the International Nickel Study Group is projecting a 60,000 metric ton surplus of nickel by the end of 2011, compared with a shortage of 30,000 metric tons at the end of 2010....
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As is the case with crude oil, people just can’t seem to get enough coffee. Global consumption of coffee rose 2.4% in 2010, to 134 million bags (each bag weighs about 132 pounds). Demand continues...
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Consulting firm Pricewaterhouse Coopers has released its annual review of the mining industry, claiming that “the financial results for the Top 40 [companies] were spectacular.” That’s pretty...
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How many companies can announce that they are raising cash and see shares rise or even remain flat going into the pricing of the offering? Not many, but don’t tell that to Cliffs Natural...
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