Commodities & Metals

All Commodities & Metals Articles

Newest first · Page 72

$14 Billion Write-Down Costs Rio Tinto CEO His Job

ThinkstockMining giant Rio Tinto PLC (NYSE: RIO) said this morning that the company expects to take a noncash impairment charge totaling $14 billion in its full-year 2012 results. Rio Tinto’s CEO, Tom Albanese, and…

Paul Ausick · 14 years ago

Coal Miner Switches Investment Focus to Natural Gas

ThinkstockOn of the country’s largest coal miners, Consol Energy Inc. (NYSE: CNX) has outlined its investment plans for 2013, and the company expects to spend more on natural gas than it does on coal…

Paul Ausick · 14 years ago

Harry Winston Diamond Business Sold to Swatch

ThinkstockHarry Winston Diamond Corp. (NYSE: HWD) announced this morning that it has agreed to sell its luxury brand diamond jewelry and watch division, Harry Winston Inc., to Swiss-based The Swatch Group Ltd. for $750…

Paul Ausick · 14 years ago

U.S. Crop Report Boosts Ag Prices

ThinkstockToday the U.S. Department of Agriculture (USDA) inaugurated its new practice of releasing the monthly crop reports at noon ET. January saw a decline in the forecast for the Florida orange crop, down 2.7%…

Paul Ausick · 14 years ago

Molycorp Has Some Problems

ThinkstockIn an announcement that its new manufacturing complex at Mountain Pass, Calif., is now operational and ramping production, Molycorp Inc. (NYSE: MCP) glossed over a few more basic issues. The company said it expects…

Paul Ausick · 14 years ago

Steel Maker Making Moves

ThinkstockArcelorMittal (NYSE: MT), the world’s largest steelmaker by volume, has announced a set of moves that are interesting if only because of their variety. First, the company plans to restart one of the eleven…

Paul Ausick · 14 years ago

Cargill Reports Earnings Quadrupled

ThinkstockPrivately held Cargill today reported net earnings of $409 million for its second fiscal quarter, which ended November 30th. That’s more than four times the company’s reported earnings for the same period a year…

Paul Ausick · 14 years ago

Alcoa Manages to Set Positive Tone for Earnings Season

ThinkstockAlcoa Inc. (NYSE: AA) just kicked off the official start of earnings season. This was one of our featured stocks in the most overvalued and undervalued Dow Jones Industrial Average stocks for 2013. The…

Jon C. Ogg · 14 years ago

Monsanto’s Fertile Quarter and Growing Outlook

thinkstockMonsanto Co. (NYSE: MON) reported first-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $0.62 on revenue of $2.94 billion. In the same period a year ago, the fertilizer and seed maker reported…

Paul Ausick · 14 years ago

Base Metals Outlook Improves Little in 2013

ThinkstockA shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as demand nearly collapsed. Some…

Paul Ausick · 14 years ago

Dry Bulk Shippers Pin Hopes on Iron Ore, China

ThinkstockShares of a host of shipping companies are getting a big boost today on a report from Bloomberg that the 2013 outlook for shipping rates, especially for iron ore, are set to rise substantially…

Paul Ausick · 14 years ago

Gold and Silver: Look for Another Great Year in 2013

ThinkstockGold futures closed at around $1,676 an ounce in 2012, about 7% higher than the $1,565 or so the yellow metal fetched at the beginning of the year. Forecasts for the price of gold…

Paul Ausick · 14 years ago

Mosaic Faces Pricing, Operational Issues Going Forward

thinkstockThe Mosaic Co. (NYSE: MOS) reported second-quarter fiscal 2013 results before markets opened this morning. The fertilizer maker reported diluted earnings per share (EPS) of $1.47 on revenues of $2.5 billion. In the same…

Paul Ausick · 14 years ago