Natural Gas Futures Fall on Mild Weather, High Production
Gas – Reuters reported that near-record levels of production coupled with forecasts for mild US weather for the next two weeks brought natural gas futures down for the third day in a row.
Gas – Reuters reported that near-record levels of production coupled with forecasts for mild US weather for the next two weeks brought natural gas futures down for the third day in a row.
Potash – Reuters reported an increase in production in the second quarter for Russian potash miner Uralkali.
Zinc – As zinc markets prepare for supply shortages in coming years, some producers are bringing new production online in 2012. But despite zinc prices reaching average historic levels, short term zinc prices and demand are expected to slide in 2012 before they hit their stride in 2013.
Silver – Silver's $30-50 per ounce range has historical importance for silver. A price range that once offered nothing but resistance, is now a support.
Silver – The Vancouver Sun reports Vancouver-based First Majestic Silver Corp. ramped up production at its Mexico silver mines which resulted in a big increase in profits, the company said this week
Gas – The comparatively high population density of Europe could mean that shale production will run into local opposition because of the way drilling might disrupt communities, and the way that prohibitions could target the pollution associated with drilling processes.
Gas – Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
Palladium – Natixis Commodity Markets has warned investors and miners of the fast depletion of precious metals due to the heavy production and use. The Global market analyst group thinks of the downside in Palladium use since although there was a balanced state of supply last year, 2010 has proven to be a modest deficit year for [...]
Iron – Rio Tinto Ltd (RIO:ASX) has announced the continuation of the Iron Ore Company of Canada (IOC) operations programme to increase its annual concentrate capacity by four million tonnes to 22 million tonnes by 2012. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh is quoted saying: “Some uncertainty and potential volatility remain about global economic [...]
Coal – South Africa will not be able to reach its 65 million tonnes of coal exporting expectations for 2010 due to the transport strike that has crippled rail and ports. This is according to the Richards Bay Coal Terminal (RBCT). RBCT Chief Executive Raymond Chirwa is quoted saying: “On average we could be receiving 1.3-1.4 million tonnes per [...]
Get our independent commentary on resource trends and companies delivered to your inbox.