ThinkstockThe contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on record. The…
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Wednesday, February 5, 2014. They include Arch Coal, ADM, Citigroup, Myriad Genetics and Sirius.
Brazil is one of the so-called BRIC nations, an investment term denoting Brazil, Russia, India and China. This used to have great growth connotations for investors, but as you can tell by…
ThinkstockAs in 2013, the twin focus of the mining industry will be to lower costs and reduce capital spending. There are also likely to be some asset sales as the larger miners…
ThinkstockCommodity prices took a sharp downward turn in 2013, but the good news appears to be that it will not get any worse in 2014. According a recent report, analysts at Moody’s…
London-based mining giant Rio Tinto said Tuesday that it plans slash its capital expenditure budget from around $14 billion this year to $11 billion in 2014 and $8 billion in 2015.
ThinkstockThe research team at Merrill Lynch has found that global investors remain very “underweight” in their holdings of metals and mining shares, while valuations do not look stretched. This contrasts with decent…
ThinkstockAlmost every trading day 24/7 Wall St. covers research reports for analyst upgrades, analyst downgrades, and for new analyst coverage. We also cover specific sector calls that stand out above and beyond…
ThinkstockSlower-than-expected Chinese growth and Federal Reserve tapering discussions have severely affected the commodity world. Strengthening of the U.S dollar, unwinding of the global carry-trade and tame global inflation also have played their…
thinkstockShortly after markets opened this morning, the DJIA was down more than 1%, while the S&P 500 and the Nasdaq were off even more. Index futures were even lower, so maybe the…
ThinkstockThere 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 in mining…
ThinkstockAfter more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a new name…
U.S. equity markets opened higher this morning following a report on U.S. unemployment that was better than analysts expected (more coverage here). There were literally hundreds of U.S. companies reporting earnings between…
U.S. equity markets opened mixed this morning as investors and traders tried to make sense of more than 150 earnings reports that were released between last night’s closing bell and this morning’s…
U.S. equity markets opened a bit higher this morning following a middling earnings report from Alcoa Inc. (NYSE: AA) last night (more coverage here). Economic data was minimal in the U.S., but…
