Rare Earth – Great Western Minerals (TSXV:GWG) announced positive results from it's Preliminary Economic Assessment for the Steenkamskraal rare earth project in South Africa.
Tungsten – Ormonde Mining plc (ISE:ORQ), an Irish junior mining company, is positive that Barruecopardo tungsten project, in Spain will more than double its operations before 2011. Ormonde MD Kerr Anderson is quoted saying: “We are now working to quantify precisely the benefits this new resource will have for mine designs and economic projections at Barruecopardo, as these projections [...]
Coal Investing News reports fundamental to its Chinese economy is coal. Coal is heavily linked to other commodity prices, most notably in its use during steel smelting, and coal prices have now risen 30 per cent from their low in March. “For the second half of 2009, there are still risks of tight coal supply,” said [...]
Palladium Investing News reports palladium prices reaches a new high. Palladium, which is primarily used as a material in catalytic converters, had already posted hefty gains on Monday after data showed U.S. car sales rose to a 2009 high in July. Increasing confidence in the markets is shifting capital out of the bond market and [...]
Copper Investing News reports copper prices drove to a month high with positive outlook in the economy. Additional impetus to copper’s rally came by way of dollar weakness, and data that U.S. consumer prices climbed at a slightly faster-than-expected pace in June, boosting the metal’s appeal as an inflation hedge. Copper ignored an increase in [...]
Aluminum Investing News reports aluminum dumping is investigated recently by Australia. Australia is investigating the alleged dumping of aluminum extrusion products by China, the world’s largest producer of aluminum, after a formal complaint was filed by a domestic producer. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Moly Investing News reports molybdenum price has not recovered as much asthe other metals in the beginning of the new year. Despite a positive turn to most metal’s prices in 2009, molybdenum has continued its downward descent, falling in 11 of 13 weeks in Q1. The monthly Platts Metals Week published molybdenum oxide price averaged [...]
Aluminum Investing News reports aluminum industry faces tough times in the coming months. Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times. For complete story, click this link. [...]
Crude Investing News reports crude prices have jumped 34% this year. Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Tin Investing News reports tin prices gained about 18% on the LME last month. Demand is not the key factor behind the rising tin prices, traders said. It is the production cutback that have played the role of a catalyst in pushing prices higher. The overall rally and bullish sentiment across base metals has also [...]
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