Tin Investing News reports tin is getting hurt with the crackdown on illegal mining.
Abrun Abubakar spokesman of PT Timah told Reuters that tin ores supply remains normal.“Miners do not stop their activity because of the crackdown because they work in our concession.”
He said that Timah supported the police action as it would help reduce illegal mining in [...]
Coal Investing News reports Obama’s adminstration will reverse rule on coal mining companies dumping mountaintop debris into valley streams.
It may be recalled that the Bush-era rule allowed coal mine operators to use “the cheapest and most convenient disposal option” for mountaintop fill. “We must responsibly develop our coal supplies to help us achieve energy independence, [...]
Lead Investing News & Zinc Investing News report Chinese lead and zinc juniors aren’t interested in mergers and acqusitions.
The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the industry’s larger companies, even if it is [...]
Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel.
However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. This is [...]
Gold Investing News reports gold has been looking very promising since last October 2008.
Some analysts predict it could be a standout investment this year because of major concerns about the stability of the US dollar and the rebound in oil prices, which could be enough to lure investors back into the resource-heavy index. Shortness of supply [...]
Platinum Investing News reports platinum price falls to a value of 45%.
As investors have fled the platinum market, they have flocked to gold as a safe haven. Last Thursday, the momentous occasion of gold surpassing platinum occurred as gold purchases gained extra impetus as the U.S. dollar tumbled and oil rallied. Platinum demand has been fundamentally, [...]
Platinum Investing News reports platinum price slipped down to 8.8 per cent from $871.50 an ounce late on Friday.
Platinum is trading at its lowest price relative to gold in about 11 years.
Moving forward, there is some optimism that with everyone cutting their output and work force, shrinking supply may rebound prices. Poor economic conditions for platinum [...]
Uranium Investing News and U308.biz reports uranium price has improved with the rising demand.
Uranium prices continue to creep upward, fuelled by higher demand and lower supply in the form of troubling news from producers. Price publisher Tradetech indicates the spot price now hovers around US$48, after posting a US$2-increase last week, driven by six transactions [...]
Lead Investing News reports lead and zinc prices reflect the recent weakness in global markets.
On Tuesday, Breakwater Resources announced the shutdown of its Myra Falls Zinc Mine. The announcement came shortly after rumours began circulating about the shutdown. The mine closure is due to the global economic climate; poor commodity prices plus rising production costs [...]
Gas Investing News reports natural gas futures is within a range of $7.25-$7.50 which is good news for investors since winter is approaching.
Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have a significant effect on high-cost or marginal production. This seems to be the rationale for the rise in the [...]
Wednesday, September 16, 2009
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