Iron Investing News reports the global commodity market is bouncing back.
BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes of [...]
Lead and Zinc Investing News report zinc and lead prices join the base metal rally.
The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, after reaching $2,900 earlier last year. LME zinc stocks have declined, falling to about 10 days’ worth of consumption. Much of the LME stock has been going [...]
Gold Investing News reports San Gold, an emerging gold producer is steadily building its production portfolio through continued exploration success on its Rice Lake project, Manitoba.
The company currently has reserves and resources established in five mineralized zones on its property. Two of these zones are currently in production at a rate of about 320 tons per day; [...]
Iron Investing News reports iron market moving towards a gloomy start.
“We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage and [...]
Gold Investing News reports gold has a challenging year ahead.
A decision to sell gold requires the backing of 85 per cent of the IMF’s executive board, and the board representative from the U.S. need the approval of Congress to vote in favor of sales.
Gold for immediate delivery traded at $911.77 an ounce in London, by [...]
Strateco Resources Inc. is a mining exploration company characterized by its portfolio of uranium properties and its highly experienced management team. The Company owns
100% of four uranium mining properties and has interests in or options on four mining properties, all located in Quebec. The Company intends to aggressively pursue its
exploration program, with the prime objective [...]
Tin Investing News reports since commodity prices continue to drop, China is stockpiling metals.
Chenzhou authorities were planning to buy 2,000 tons of silver, 50,000 tons of lead, 5,000 tons of tin, 50,000 tons of zinc, 5,000 tons of tungsten and 3,000 tons of bismuth this year. Chenzhou is known to be rich in nonferrous metals, [...]
Tin Investing News reports tin is said to recover before any other base metals according to Resource Capital Research, a Sydney based company.
Unlike most of the other base metals, there is no growing tin surplus. Inventories held at the London Metal Exchange now sit at 8,820 tonnes, against a 52-week high of 11,430 tonnes. The [...]
Lead Investing News reports lead prices have fell to its lowest point.
Lead prices on the LME are poised to fall further after dropping sharply in the previous session. Analysts are now forecasting that the metal’s demand base could weaken further as growth in China continues to shrink and car sales keep falling. Lead for delivery [...]
Lead Investing News reports lead prices have significantly fallen to about 57% this year.
So far, the mass amount of output cuts by lead and zinc companies have done little to stabilize the metals’ precipitous price decline.
Australian miner Oz Minerals Ltd (ASX:OZL), already in trouble due to the sharply falling value of metals, has been given [...]
Wednesday, July 29, 2009
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