Nickel Investing News reports nickel price had minimum effect with the Federal Reserves rate cut.
On India’s Multi Commodities Exchange (MCX), Nickel December 2008 contract opened at Rs 475.90 per kg as compared to its earlier closing of Rs 481, tossed in the range of Rs 467.10-485.90 and was last traded at Rs 475.90, down 1.06 per [...]
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 [...]
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 [...]
Platinum Investing News reports platinum has been falling due to the poor economy.
Platinum refiner Johnson Matthey expects the price of platinum to range between $700/oz and $1,400/oz in the next six months, with the outlook for the market more uncertain than it has been for many years. “The dramatic fall in the platinum price in [...]
Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them.
Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 million. [...]
Zinc Investing News reports the carbon tax in Australian may bankrupt the zinc and lead miners.
Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 million a year, assuming a carbon [...]
Tungsten Investing News reports the growth in tungsten markets have been relatively good as its need for civil and war industries as well as defense have been rising around the world.
Asia Pacific represents the largest and fastest growing portion on the market. End users largely depend on China, which represents over 85 per cent of the worldwide tungsten supply. [...]
Nickel Investing News reports nickel prices fell and further declines is expected.
While the U.S. presidential race was coming to a close, early morning trading on India’s Multi Commodity Exchange (MCX) was underway. Nickel futures dropped sharply with the November 2008 contract opening at Rs 605 per kg compared to its earlier closing of Rs 612.10. [...]
Gold Investing News reports gold prices have fallen with the stock markets rallying.
Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited - a stronger dollar and decline in crude oil.
For complete story, click this link. Follow developments in [...]
Aluminum Investing News reports on commodity investing and how investors can get informed and educated.
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to [...]
Thursday, December 18, 2008
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