Iron – FM reports local demand is not sufficient to sustain large-scale, cost-effective steel mills in South Africa.
Articles Tagged "government"
Gold Investing News reports gold price has been high for the third week in a row. Gold reached $1,058 an ounce on Thursday, powering past Wednesday’s high of $1,048.4. On Tuesday, it passed the $1,033.9 an ounce record set in March last year. Top miners Barrick Gold (TSX:ABX) in Toronto and Newmont Mining (TSX:NMC) in [...]
Tin Investing News reports tin prices could have a short term rally in the near future. Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation. It makes purchases affordable for China and India, the two [...]
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 [...]
Gold Investing News reports gold prices are holding strong in the current markets. Year to date, gold is up about 3 per cent, while other economically sensitive commodities have rallied, with copper futures up more than 50 per cent. Crude oil had reached a 2009 high of over $58 a barrel on Friday, recovered from [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]
Gold Investing News reports gold has a bright future. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion Association has confirmed India’s gold imports have surged in [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
Iron Investing News reports price of iron sees volatility in the markets. According to Deutsche Bank AG, the annual iron price benchmark contract system may be scrapped as producers seek individual arrangements. Peter O’Connor analyst of Deutsche said that “The stress on the benchmark system has never been greater. There’s been a 50 per cent increase [...]