Resource Investing News

Iron Ore: Slowing China Economy Clouding Demand

Melissa West — Wed, 16 May 2012 23:17:12 +0000

Reuters reported a slowing Chinese economy clouding the demand outlook in the world's top consumer and halting producers' buying interest for iron ore.

Alderon Iron Ore Oversold

Melissa West — Wed, 16 May 2012 23:13:57 +0000

Forbes reported Alderon Iron Ore Corp (NYSE:AXX) entered into oversold territory, changing hands as low as $2.45 per share.

Short Sellers Targeting Fortescue

Melissa West — Wed, 16 May 2012 23:11:45 +0000

SMH reported Fortescue (ASX:FMG) is targeted by short sellers on speculation iron ore stocks are a poor buy with China demand falling.

BHP Billiton Says Commodity Markets Will Fall

Melissa West — Wed, 16 May 2012 23:06:38 +0000

CNBC reported BHP Billiton (ASX:BHP,LSE:BLT) said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy.

Indonesia Nickel-Ore Ban Sends Sumitomo Looking for Supply

Melissa West — Wed, 16 May 2012 23:04:07 +0000

Bloomberg reported restrictions on nickel-ore exports by Indonesia may force Japan to source raw material from other suppliers or reduce output.

First Nickel Announces Financial Results

Melissa West — Wed, 16 May 2012 23:01:54 +0000

First Nickel Inc. (TSX:FNI) announced results for the first quarter ended March 31, 2012.

Horizonte Minerals Announces Financial Results

Melissa West — Wed, 16 May 2012 22:58:57 +0000

Horizonte Minerals plc (TSX:HZM,LSE:HZM) announced its unaudited financial results for the three month periods ending 31 March 2012.

Palladium Market Under Pressure

Melissa West — Wed, 16 May 2012 22:54:12 +0000

FM reported palladium saw a gross deficit so far this year and is under immense pressure to perform better.

Japan Targeting Palladium, Platinum

Melissa West — Wed, 16 May 2012 22:51:33 +0000

Mining Weekly reported Japan's trading houses are targeting deals to secure platinum and palladium supplies to meet expected shortages later this decade with an expected increase in auto sales.

ETFs: Palladium Plummets

Melissa West — Wed, 16 May 2012 22:45:11 +0000

IBTimes reported on ETFs falling dramatically across most sector noting palladium was one of the hardest hit.