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Posts related to ‘RIO’

Copper Miners Looking at a Tough Year (FCX, RIO, SCCO, BHP)

From a high of around $4.60/pound in February of 2011, copper prices have fallen around $3.60/pound today, which is actually better than the price of around $3.40/pound at the beginning ...
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Media Digest (4/12/2012) Reuters, WSJ, NYTimes, FT, Bloomberg

Sony (NYSE: SNE) says it will eliminate 10,000 jobs and retool the company for growth. (Reuters) Exports from Japan improve. (Reuters) The Fed’s Beige Book reports concern about energy costs. (Reuters) ...
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24/7 Wall St. Closing Bell (AMZN, GRPN, RIO, TXN, GM, DDMG, CLRO, GPN, CMVT, ISCA, VRNG, WG, KERX, PNCL)

Markets opened lower this morning but managed to recover fairly quickly following a report on robust manufacturing growth (our coverage here). The report on construction spending came in weaker than ...
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Top Analyst Upgrades & Downgrades (AMZN, BIP, XLS, GM, GPRN, ICE, LLTC, PRXL, PKD, PVH, GOLD, RIO, LUV, SHW, TXN)

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday. Some of these calls are moving the shares this morning. Amazon.com, ...
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Another Asset Sale Coming in Diamond Mining? (RIO, BHP, AAUKY)

UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that ...
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Lower Steel Demand from China Chills Mining Stocks (BHP, VALE, RIO)

The projected slowdown in China’s GDP growth to 7.5% in 2012 has dampened demand for steel. Steel prices are flattening out and the result is that investors are seeing a ...
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Victory in Uranium Miner Acquisition (RIO, CCJ, HTHXF, DNN, URZ, URRE, ARVCY)

Rio Tinto plc (NYSE: RIO) stands to complete its offer a junior uranium miner with the withdrawal of Cameco Corp. (NYSE: CCJ) from the bidding for Hathor Exploration Ltd. (OTC: ...
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Bidding War for Uranium Miner Mushrooms (RIO, CCJ, POT, BHP, HTHXF, DNN, URZ, URRE)

Mining giant Rio Tinto plc (NYSE: RIO) has gotten itself into another bidding war. This time the playing field favors Rio over Canadian uranium miner Cameco Corp. (NYSE: CCJ) mostly ...
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Mining Stocks Undervalued According to BlackRock (BLK, BHP, RIO, VALE, FCX, SCCO)

Investors appear to have lost faith in mining stocks, sending share prices down steadily throughout the year. Both iron ore and copper prices are down nearly 20% since the beginning ...
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What Recession? Coal Acquisitions Keep on Coming (BTU, MT, MACDF, ACI, WLT, RIO, ANR, AAUKY, BHP, VALE, PCX, KOL)

While Peabody Energy Corp. (NYSE: BTU) and ArcelorMittal (NYSE: MT) haven’t been pursuing Australia’s Macarthur Coal Ltd. (OTC: MACDF) for more than a few months, the deal never really looked like ...
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The Frontlines in a US-China Trade War (WMT, TGT, BTU, ACI, FCX, RIO, WY, PCL, ADM, BG, CAT, DE, GM, F, GE)

While the debate rages over whether or not the U.S. should enact legislation aimed to curb currency manipulation -- and specifically the Chinese peg to the U.S. dollar -- the ...
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New Alaska Gold & Copper Mine Clears Major Hurdle (NAK, RIO, AAUKY, ABX, NG, GDX, GDXJ, GLD)

A state superior court judge in Alaska has ruled against an environmental group in a lawsuit aimed at stopping development of the Pebble gold and copper mine project in the ...
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Drop in Copper and Corn Prices May Be Overrated (FCX, SCCO, BHP, RIO, MON, ADM, BG, POT, MOS, VLO, PEIX, JJC, CU, CORN, MOO, DBA)

Since the beginning of September, copper and corn prices have fallen dramatically, with copper off nearly -35% from its 12 month high and corn off about -25%. Because both are ...
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Global Recession or Economic Stagnation: Take Your Pick (RIO, VALE, SCCO, FCX, MT)

Prospects for the global economy are currently as dark or darker than they've been since the financial crisis began three years ago. Consumers and investors likely see either another recession ...
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Gold Miners Outshine Copper Miners (RIO, BHP, VALE, FCX, SCCO, NEM, ABX, AUY, SLW, GLD, GDX, SLV, SIL)

At yesterday's meeting for investors, Rio Tinto plc (NYSE: RIO) offered a subdued forecast for the iron ore and copper markets going forward. There was some upbeat talk about new ...
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