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Posts related to ‘Commodities & Metals’

Pouring molten steel

AK Steel Warns on Second Quarter Company Earnings, Shares Rise

Posted: June 17, 2013 at 9:50 am

AK Steel Holding Corp. (NYSE: AKS) announced this morning that it expects to post a second-quarter loss in the range of $0.33 to $0.38 a share. The consensus estimate from ...
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Platinum bars

Platinum Price Forecast Lowered

Posted: June 14, 2013 at 8:20 am

Analysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand ...
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coal train

Coal Mining Stocks Downgraded; James River Hit Hardest

Posted: June 7, 2013 at 1:42 pm

Coal mining companies have had a miserable two years. Low-cost natural gas has clobbered demand for thermal coal to generate electricity, and the slow global economy has substantially slowed demand ...
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Mining

Private Equity Firms Bidding on Iron Ore, Other Mining Assets

Posted: June 3, 2013 at 12:49 pm

As the world’s largest mining companies look to shed assets as they seek to boost investor returns, the mining sector is drawing interest from private equity firms. Blackstone Group LP ...
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gold bars nuggets

Sterne Agee Defends the Price of Gold and Gold Demand

Posted: June 3, 2013 at 12:20 pm

Gold is turning out to be one of the worst investments of modern day portfolios. But what if the rapid drop in prices is not really warranted from the market ...
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Gold and Silver

Gold and Silver Both Became Devil’s Metals in May, Value in Miners?

Posted: May 31, 2013 at 4:47 pm

Gold and silver investors are probably glad to see the month of May come to an end. The drop in the price of gold and in the price of silver ...
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Gold and Silver

Why Value Investors Must at Least Start to Look at Mining and Metals Stocks

Posted: May 29, 2013 at 10:25 am

There are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one. Exchange traded funds (ETFs) are another. A third way is by investing ...
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Gold and Silver

Barrick Gold, Silver Wheaton Shares Halted: Chile Blocks Project, Fines Miner $16 Million

Posted: May 24, 2013 at 12:41 pm

Shares of Barrick Gold Corp. (NYSE: ABX) and Silver Wheaton Corp. (NYSE: SLW) were halted shortly after noon today following a Chilean court ruling that blocks further work at Barrick’s ...
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Copper bars

More Chinese Capital Controls to Weigh on Copper Prices

Posted: May 24, 2013 at 9:00 am

Ever since the Chinese government began -- or at least threatened to begin -- imposing restrictions on new bank lending, the country’s businesses have had to get creative in order ...
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arcelormittal-furnace-crop

Stern Agee Earnings Season Favorites, Energy and Industrial Stocks to Buy

Posted: May 20, 2013 at 2:20 pm

Sterne Agee has released a consolidated report showing the firm's top analyst stock picks in energy and industrials now that we are out of the first quarter earnings season. This ...
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Gold and Silver

Did the Price of Gold Just Form a Bottom? Silver, the Devil’s Metal, Too?

Posted: May 20, 2013 at 12:55 pm

It was looking this morning as though gold could be ready test even new lower lows based on the trading tape action of late. Suddenly, a 2% gain in the ...
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Mining

Glencore Xstrata Top Management Shakeup

Posted: May 16, 2013 at 9:30 am

Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company’s board of directors by booting chairman John Bond and ...
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old mining hardhat with head light

Precious Metals: The Next Year of Palladium

Posted: May 13, 2013 at 12:50 pm

For the year to date, the price of palladium has risen by a majestic 1.3%. That may sound paltry, but the metal’s performance beats its brother platinum, which has fallen ...
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Platinum bars

Cut to Platinum Production Hits Stillwater Mining and ETF Shares

Posted: May 10, 2013 at 1:07 pm

South Africa’s Anglo American Platinum Ltd. (known as Amplats), the world’s largest platinum miner and a division of Anglo American plc, said today that it plans to reduce production by ...
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mining

Molycorp Shares Overcome Earnings Loss with Revenue Beat

Posted: May 9, 2013 at 4:34 pm

Molycorp Inc. (NYSE: MCP) reported first quarter 2013 results after markets closed today. The rare earths miner posted an adjusted diluted loss of $0.15 per share on revenues of $146.4 ...
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