Copper Investing News reports copper futures fell to a low dating back in July 2005. London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias on [...]
Continue reading "Recession or depression?"
Tuesday, December 2, 2008
Zinc Investing News reports zinc prices have fallen to $1,198 a tonne, lowest in 2 years. After reductions in automobile production, both General Motors Corp and Ford Motor Co cut vehicle production as sales slumped to their lowest level since 1991, the metal used in car batteries took a hit. Lead for delivery in three months [...]
Continue reading "Will zinc production boomerang prices?"
Thursday, November 27, 2008
Nickel Investing News reports nickel prices fell more than 60% this year as the global slump has got nickel miners scaling back. Nickel hit a record high of $51,800 a tonne in 2007, and is now selling around $10,300 a tonne on the LME. Analysts estimate that the collapse in nickel prices has prompted production cutbacks [...]
Continue reading "Nickel miners scale back"
Tuesday, November 25, 2008
Moly Investing News reports molybdenum prices have skyrocketed when the global spending on infrastructure took new heights. High prices and demand caused copper miners who produced moly in secondary production to copper to turn their focus to that metal. At the same time, junior miners and big players began exploring for primary producing moly mines. Over the [...]
Continue reading "Moly’s price plummet"
Monday, November 24, 2008
Zinc Investing News reports due to the slow global economic outlook, zinc prices have declined further. Right now, zinc is priced at around $0.54 a pound on the LME; at this value about half the world’s zinc is being produced at a loss, and up to a half million tonnes of capacity elsewhere is under threat of [...]
Continue reading "Zinc and lead companies underwater"
Monday, November 24, 2008
Lead Investing News reports lead miners are earning little profits as the global economic is on a slowdown. Due to zinc and lead’s low prices many miners are underwater and therefore rethinking business strategies. OZ minerals may have no choice but to keep its loss generating Century Mine in operation because shut down costs would be [...]
Continue reading "Zinc and lead companies underwater"
Sunday, November 9, 2008
Copper Investing News reports post election, stock markets and copper prices. The market prices are largely being influenced by fears of recessionary demand, as the economic outlook deteriorates so goes the outlook for metals consumption. The Bank of England rate cut shook investor confidence. A rate cut much larger than expected is being taken a signal [...]
Continue reading "Is America’s choice of a president to blame for post-election.."
Thursday, November 6, 2008
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. [...]
Continue reading "Further downside expected for nickel"
Sunday, November 2, 2008
Zinc Investing News reports zinc and lead prices rallied with the stocks reflecting its current state of global market crisis. The world’ second largest zinc producer, Teck Cominco Ltd, has declared force majeure on sales from its Alaskan based Red Dog Zinc mine due to bad weather. Sales will be cut for six months, following the fact [...]
Continue reading "Zinc and lead chase stock rally"
Sunday, November 2, 2008
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 [...]
Continue reading "Zinc and lead chase stock rally"
Below is a list of the sites in the Resource Investing network:
For an overview of oil and gas news, please see OilandGasInvestingNews.com
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
For upcoming resource investing trade shows, see the following links: Cambridgehouse, IIC
The Resource Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Friday, December 5, 2008
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