Copper Investing News reports copper looks bleak with the current economic markets.
Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000’s rapid economic growth paved the way for an explosion in demand [...]
Moly Investing News reports moly prices have been affected with the global economic slowdown.
China just announced that its exports of molybdenum are down 6.1 per cent in October, and 21.6 per cent annually for the year on year period. China shipped out 2245 tonnes of molybdenum products in October, and 2230 tonnes in September.
For complete [...]
Nickel Investing News reports nickel prices fell more than 60% this year as the global slump has got nickel miners scaling back.
Nickel hit a record high of $51,800 a tonne in 2007, and is now selling around $10,300 a tonne on the LME. Analysts estimate that the collapse in nickel prices has prompted production cutbacks [...]
Iron Investing News reports the EU issued objections to BHP Billiton’s hostile takeover of Rio Tinto.
Europe’s steel manufacturers brought their worries to the EU Competition Commissioner in May. The steel industry fears that such a deal could create inflated raw material prices. BHP first made the bid of 3.4 BHP shares for every Rio Tinto share [...]
Palladium Investing News reports as the dollar weakens with the settling of financial markets, palladiun rallied to about $169.50 per ounce.
Palladium and platinum have both taken big hits due to the health of the auto economy. In the US, between September 2007 and September 2008, car sales fell by 26.6 per cent, and the trends [...]
Friday, February 20, 2009
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