Coal Investing News reports coal stocks in the US have been doing well. Shares in Indonesia’s biggest coal producer, PT Bumi Resources Tbk (BUMI.JK), jumped by as much as 8.4 per cent on Monday on news that China had placed orders to buy 8 million tonnes of coal from it in 2009. “Eight million tonnes [...]
Articles Tagged "business"
Iron Investing News reports iron market moving towards a gloomy start. “We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage [...]
Coal Investing News reports coal sees a brighter light with spring contract supply negotiations. While the result is less than half of fiscal 2008’s record price of $300 a tonne, it still points to one of the best years ever for coking coal prices and implies that Canadian coking coal producers could enjoy a better [...]
Nickel Investing News reports in the past year, nickel did not perform very well; in fact it is the worst performing metal. Prices will remain under pressure. Stocks are rising, and demand is dropping sharply. Analysts predict that $8,850 per tonne is a good downside target, at noon GMT Tuesday, LME three-month nickel price was [...]