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Mining Trade and Market Trend Analyst, Gold Prices Future Continue To Recover
Futures were climbing $4.70 to $892.80 an ounce at the Comex division of the New York Mercantile Exchange. Silver prices were up 12 cents to $12.32 an ounce, and copper was unchanged at $1.99 a pound.
Mining Market and Trade : Gold Prices and Other Commodities Little Change
Prices for gold and other commodities were little changed Wednesday as investors weighed mixed signals on the economy.
Mining Exploration Project, Production and Finance in World Trade and Market
LONDON (Dow Jones)
- United Company Rusal is to increase the level of aluminum production it cuts to 4% of its total global output, or around 168,000 metric tons a year, a company spokeswoman told Dow Jones Newswires Monday.
Copper Mine Prospect Demand, Japan Mining Trade and Market Analysis
Copper mine prices slipped on Friday as tumbling industrial production data from Japan highlighted bleak prospects for demand in an oversupplied market.
Aluminium hovered close to a three-year low and lead fell to $1,073 a tonne, its lowest since July 2006, as traders priced in falling demand from the auto sector, where sales have plunged.
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
Chinese Coal Miners Leading in Hong Kong Stock Index
Shenhua Energy led the day’s blue-chip gains, rising 6.9 percent to 36.35 Hong Kong dollars after Goldman Sachs added the company to its conviction buy list. The investment bank said higher oil prices could strengthen demand for coal.
Hong Kong stocks rose Monday, with gains in Chinese coal producers leading the way after Goldman Sachs upgraded [...]
New Record Oil Price Near $104 a Barel
Oil prices fluctuated around $102 a barrel Tuesday after climbing to a new record of almost $104 a day earlier and then falling back as traders booked profits.
The market also was seen reacting to comments from OPEC officials, who said it was unlikely the oil group would increase output at its meeting Wednesday in Vienna, [...]
Gold trades at 28-year high on safe-haven buying
Gold futures traded at their highest level in nearly 28 years on Monday, as renewed turmoil in the credit markets boosted the metal’s safe-haven appeal after Citigroup said it will have to write off up to $11 billion more in losses.
“Several items of concern are still fueling the flight to gold,” said Jon Nadler, an [...]
Canada Industrial Stocks, Bombardier, Uranium Miners, May Gain
Canadian industrial stocks may advance, led by Bombardier Inc., after the biggest train maker got an order from the Dutch railway service, and an English regulator said that its Metronet rail venture should be reimbursed as much as 1.1 billion pounds ($2.2 billion).
Uranium miners and explorers may advance after RBC Dominion Securities Inc. raised its [...]
