Copper – Copper climbed to a record in New York for a second day as a weaker dollar and increased investor appetite for commodities overshadowed China’s unexpected interest-rate hike.
Articles Tagged "futures contracts"
Gold – The Wall Street Journal reports that as ETFs branch out, investors can also trade mining stocks as well as other precious and industrial metals.
Moly – Australia’s new “Super Profit” tax on mining companies may scare off investment and hurt the profitability of mining operations, say analysts. However, economists and government officials disagree. After billions of dollars worth of investments into molybdenum operations in Australia, how will this proposed tax affect the mining industry?
Molybdenum is set to trade on the London Metal Exchange from February 22, but the world’s No 2 producer Chile’s Codelco has decided to stay away. Why does the miner want to go it alone? Are shaky copper prices to blame? Contracts for minor metal molybdenum are to start trading on the London [...]
Moly has been priced too low as compared to other minerals already traded in the futures market. The added sauce to the coming moly price surge will be a sure-fire winner for speculators. You in? Market participants put spot prices for molybdic oxide in a range of $12.75 to $13 per pound, up from [...]
Silver Investing News reports silver prices fell yesterday at $13.76/oz. The dip was not that unexpected to many analysts who listed three major reasons for silver’s decline in the market Tuesday: reassuring testimony from Federal Reserve Chairman Ben Bernanke; normal market corrections with profit-taking; and expiring options. For complete story, click this link. Follow developments [...]
Moly Investing News reports molybdenum will be added to the London Metal Exchange in the second half of 2009. The move was announced on Sept 4 when the LME board voted in favour of adding both, molybdenum and cobalt to its futures trading. For complete story, click this link. Follow developments in resource mining and exploration for [...]