Nickel Investing News reports nickel prices rally last week. Many analysts are still trigger shy at claiming the recovery is here, despite the continuing stream of data that points toward relief from the crisis, after the rapid slump altered expectations of how a recession should unfold. For the analysts that care to voice their opinion, [...]
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 [...]
Potash Investing News reports BHP’s recent acquisition rumours seem to rock the potash industry. Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion through the sale of bonds. The company failed to confirm the reason for the fundraising, and this sent many [...]
Crude Investing News reports investors see sign of economic growth with higher oil prices. “It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping [...]
Potash Investing News reports high fertilizer prices as we go into a global recession. Despite grim circumstances for most commodity companies; Potash Corp of Saskatchewan’s (TSX: POT) 2008 net income doubled, in comparison to 2007. Net income increased to $788 million or $2.56 a share from $376.8 million or $1.16 a year earlier. Sales climbed [...]
Diamond Investing News reports diamond markets did well up to September last year and then went into a drop. The diamond industry has been swift to announce production cutbacks, in an effort to stabilize prices. Even two of the world’s most profitable mines are onboard. Canadian based Ekati and Diavik mines are among the most [...]
Potash Investing News reports potash sales have decreased in the last couple of weeks. Just earlier this year global demand for fertilizer fell off as prices rose, adding to supplies and further depressing prices. In a typical year, 40 percent of annual fertilizer application occurs in the fall, but this year preliminary figures indicate that [...]
Diamond Investing News reports diamond was hit hard after the financial crisis in 2008. This rapid change hit the diamond market hard. In the retail sector, prices dropped drastically, as demand came to a stand still. Companies were forced to sell their products at a loss and many household names went bust. The House of Taylor [...]
Potash Investing News reports potash price has been high since last year. Potash companies have been under fire recently for failing to drop the selling price of potash despite all of the other commodities price crash. For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource [...]
Diamond Investing News reports diamond markets have been feeling the US recession worldwide. The industry was being buoyed by the purchases of the wealthy, an economic class that had yet to feel the “money pinch”. Unfortunately, under the surface a crisis was brewing- the smaller, mass produced diamonds that catered to the masses were sitting [...]
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