Commodities & Metals - Page 2

Open pit mine

Mongolian Mine Offers New Headaches for Turquoise Hill and Rio Tinto

Vancouver, British Columbia-based Turquoise Hill Resources Ltd. (NYSE: TRQ) announced Monday morning that the company has received an audit report from the tax authority of Mongolia claiming the company owes ...
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Warehouse

How 123,000 Tons of Alumina Can Just Evaporate

China's shadow banking system has long depended on the use of stockpiles of commodity minerals in the country's warehouses as collateral for loans that do not show up in China's ...
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Pouring molten steel

Merrill Lynch Sees Major Turnaround Continuing in AK Steel

AK Steel Holding Corp. (NYSE: AKS) is seeing its shares surge on news that Bank of America Merrill Lynch issued a crucial upgrade for the stock. One has to recall ...
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coffee

Folgers, Dunkin’ Brand Coffee Prices Rise 9%

After hitting a peak of around $2.15 a pound in mid-April, coffee prices have moderated somewhat to around $1.70 a pound for arabica beans. So why did J.M. Smucker Co. ...
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coal

Coal Leaders Now at Huge Selective Discounts to Book Value

With new Obama-led EPA rules for coal-powered electric utilities out, investors and traders have had yet one more reason to dump their coal stocks. The long and short of the ...
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Gold and Silver

A Value Walk Among Gold Stocks

Gold is not having a good year again so far in 2014, and the recent trends from the World Gold Council seem to indicate that the old path to $2,000 gold ...
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Mountain top coal mine

More Bankruptcies Coming for Top Coal Stocks?

Needless to say, if one industry has become the whipping boy for clean energy advocates, it is the coal industry. Coal stocks remain under pressure due to weak seaborne markets ...
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aluminum cans

Morgan Stanley, Goldman Sachs Want Out of Commodities

Big banks that once made big bucks in physical commodities markets are now looking to pull out of those markets as new rules regarding capital requirements for those physical holdings ...
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gold bars

Global Gold Demand Far Better Than Gold Prices Indicate

Now that gold has pulled back from a peak of around $1,900 per ounce to less than $1,300 per ounce, many of the gold bugs have disappeared. What is interesting ...
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India flag

India Could Rekindle the Gold Bugs — If the Chart Allows It

India is supposed to be back open for business. After Narendra Modi and the Bharatiya Janata Party won a majority, this is supposed to be solid for getting India back in ...
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coffee

Coffee Prices to Rise Again

As of the end of trading on Tuesday, coffee closed on the ICE at about $1.84 a pound, down from a peak of around $2.12 in the middle of April. ...
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mining

The Best Value Stock Among Top Base Metal Miners

Commodity metals are having a tough time lately. Investor enthusiasm for metals has fallen, and its only necessary look at the price of gold to see why. Equities are where ...
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mining

Analyst Sees Sunny Days Ahead for Rio Tinto and Mining Sector

Shares of London-based mining company Rio Tinto PLC (NYSE: RIO) got a boost in premarket trading in the U.S. Monday after an analyst upgrade of the mining sector that also ...
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El Nino pattern

Chances Rising for Summer Droughts

The chance that an El Niño weather pattern will form in the Northern Hemisphere this summer has risen to 65%, according to forecasters at the National Weather Service's Climate Prediction ...
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Open pit mine

Can Molycorp Be Saved?

Molycorp Inc. (NYSE: MCP) is supposed to be the only sizable rare earth element project on line in America. The problem is that rare earths are volatile in pricing, and ...
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