Copper – With Glencore International's takeover of Xstrata still up in the air, Codelco, Freeport-McMoRan, and BHP Billiton continue to be the world's top three copper producers. Producers expect copper prices to rise in coming months on expectations of a global economic rebound, and many will be increasing output.
The Commodity Investor discusses how a weak iron ore market could present a buying opportunity for the prudent investor.
Copper – Copper is a major source of revenue for Arizona, and a step forward in land rights legislation should further the state’s dominance in the red metal market.
Diamond – SMH reported Rio Tinto (NYSE:RIO,ASX:RIO) found its biggest pink diamond ever.
Iron – Reuters reported Rio Tinto (NYSE:RIO) said an upward trend in China's demand for more imported iron ore was intact despite softening steel production.
Uranium – Reuters reported Cameco Corp (TSX:CCO,NYSE:CCJ) has backed out of a bidding war for Hathor (TSX:HAT).
Uranium – Bloomberg reported Rio Tinto Group (NYSE:RIO) received clearance from the Canadian Competition Bureau to buy uranium miner Hathor Exploration Ltd. (TSX:HAT).
Iron – SMH reported Rio Tinto (ASX:RIO,LSE:RIO) will beat last year's record profit and it will meet its 2011 production target for iron ore.
Iron – Bloomberg reports contract iron ore prices charged by Vale SA (ETR:CVLC,FRA:CVLC) will probably stay at record levels in the third quarter, while Rio Tinto Group (NYSE:RIO) may drop prices.
Iron – The Australian reports that Rio (NYSE:RIO) is planning a sizeable expansion to its’ operations in the C, committing $10bn + to the project. They expect that the board will approve the first stage only, initially. The story is quoted as saying: As reported in The Australian in August, Rio has said it planned to approve the [...]
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