Lead Investing News reports lead may boom with the current cutbacks in the mining industrydue to the global recession.
The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat.
For complete story, click this link. Follow developments in resource [...]
Zinc Investing News reports with the recent cutbacks in base metals due to global recession which will make way for zinc to boom.
Zinc is one of the metals most positioned for an acute supply shortage. The crunch point could come as early as 2011 or 2012 once surplus inventories from the current downturn are worked [...]
Tungsten Investing News reports tungsten demand has been decreasing in China.
In 2007, the latest year for which industry data is available, it shipped $23 million worth of tungsten carbide powder and alloy jewelry. Last year, Shenzhen was estimated to export just $18.4 million worth, a reduction of 25 per cent. There are a few factors [...]
Gold Investing News reports AMI Resources Inc., a Canadian exploration and development stage company.
AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa.
For complete story, click this link. Follow developments [...]
Moly Investing News reports molybdenum finally took a hit in the fall as economic crisis spreads.
The alloying metal is down 65 per cent this year, and this decline was seemingly overnight. Molybdenum is a minor metal, therefore, purchase contracts come up less often than the big players copper and nickel.
For complete story, click this link. Follow developments [...]
Gold Investing News reports further drops in oil and job cuts have led to lower gold prices in the recent week.
New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across the [...]
Tungsten Investing News reports with the crash of the markets this year, tungsten’s value has lost.
Some stability though has been lent to tungsten metal due to the fact that China has a monopoly on the market. China has curbed output to coincide with the price collapse, and this has lent some stability.
For complete story, click this [...]
Nickel Investing News reports nickel prices fell as producers have to delay their projects.
So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have cut output by approximately 49,500 tonnes; smelters will process 54,000 fewer tonnes. In addition, many companies that had planned expansions based on higher prices have been forced [...]
Gold Investing News reports gold futures were lower with falling oil prices and firm US dollar and the need for President-Elect, Obama’s support in the recent India’s terror attacks.
The ‘right’ trade on the India attacks would be two-fold: long gold, short oil. Oil could suffer because the attacks could impair growth in India. As the Indian [...]
Moly Investing News reports moly prices have been affected with the global economic slowdown.
China just announced that its exports of molybdenum are down 6.1 per cent in October, and 21.6 per cent annually for the year on year period. China shipped out 2245 tonnes of molybdenum products in October, and 2230 tonnes in September.
For complete [...]
Monday, December 22, 2008
0 Comments