Tag Archive
High Hopes For Metals – US-FOREX.US
While recent pullbacks across raw materials may stoke fears of the bubble bursting, commodities bulls are undeterred. Inventories, after all, are extremely low and will have to be replenished once demand improves. Until then, volatility is just part of the game.Fears that China’s inventory build is over and that the economic recovery won’t be as… »
Barricks Precious Production – US-FOREX.US
Investors dig Barrick Gold’s vigorous project lineup, and progress updates will be the focus of Thursday’s second-quarter release as the market gauges whether the world’s largest gold producer remains on track to meet the year’s production targets.In May, the Toronto-based gold producer poured first gold at Buzwagi, its Tanzanian mine, where production this year is… »
BHP Dampens The Party – US-FOREX.US
Top mining companies are set for a rough ride in the next few months, if the latest assessment of titan BHP Billiton is any indication.Updating the market on its iron ore production in the past quarter , the firm warned it expects the recent restocking in China, which has spurred a rise in metal demand… »
Freeport Cleans Up On Copper – US-FOREX.US
Climbing copper prices mean good things for Phoenix-based Freeport-McMoRan Copper & Gold. As the world’s largest publicly traded copper and molybdenum producer, the company is highly leveraged to the price of copper, which has soared more than 50% since the beginning of the year.Shares of Freeport-McMoRan Copper & Gold
have more than doubled since the start… »
Optimism Makes Copper Shine – US-FOREX.US
If economic optimism had a hue, it would be copper. The industrious metal that’s used in everything from water pipes to electrical wires is one of the first commodities to recover following a downturn, making it a favorite among investors eagerly awaiting a turnaround. That was the case on Thursday when U.S. data showed that… »