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Metals and Mining

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  • Mining

    The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team, the New York Times reports.

  • Which Asian Country Is Minting Millionaires the Fastest? Wednesday, 26 Sep 2012 | 2:11 AM ET
    Pedestrians cross a street in Jakarta's modern business district.

    While China may currently have the highest number of high net worth individuals in Asia another much smaller regional economy, Indonesia, is expected to see the fastest growth in its millionaire population, according to a report by Swiss private bank Julius Baer.

  • Caterpillar

    Although Caterpillar, a construction giant and mining equipment maker, cut its 2015 earnings forecast due to lower capital expenditures by commodity producers, one analyst said there is still a good trade on mining stocks.

  • Glencore Rows Back on $1.4 Billion Kazakh Zinc Deal Tuesday, 25 Sep 2012 | 2:49 AM ET
    Zinc ingots, used to coat galvanized nails, sit stacked in a warehouse.

    Commodities trader Glencore will buy a smaller stake in Kazakh zinc producer Kazzinc than it had planned in a $1.4 billion deal.

  • Indonesia's Economy Projected to Grow 6.5% Monday, 24 Sep 2012 | 6:02 PM ET
    Pedestrians cross a street in Jakarta's modern business district.

    The country’s economy continues to grow even in the face of a global economic slowdown, the country’s president, Susilo Bambang Yudhoyono, told CNBC’s “Closing Bell” on Monday.

  • Which To Buy, Gold Or Silver? Monday, 24 Sep 2012 | 9:50 AM ET
    Gold Bull and Bear

    Gold and silver are on a tear, but only one can be your best option. This strategist breaks it down. 

  • Gold Prices Could Peak at $5,000: Bank of America Friday, 21 Sep 2012 | 12:36 PM ET
    Gold

    As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts told CNBC the precious metal could soar to $3,000 or even $5,000 over the longer-term.

  • Lonmin a 'Buy' Despite Mine Violence: Analyst Wednesday, 19 Sep 2012 | 4:20 AM ET

    Lonmin shares are a “buy”, according to John Meyer, head of resources at investment bank Fairfax, despite violence at the company’s South African platinum mines which killed 44 workers.

  • Gold coins and bar

    Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.

  • Lonmin Promises New Approach to Mining Workers Monday, 17 Sep 2012 | 1:46 AM ET
    Open cast mining for iron ore.

    After a month of unrest, which has effectively shut down South Africa’s platinum sector and led to the deaths of 44 miners, mining companies and the South African Government have increased efforts to bring an end to the unrest.  Police raided hostels at a Lonmin mine and confiscated machetes, spears and other weapons, while Lonmin has said it would adopt a more sensitive approach to the mineworkers.

  • Gold

    With more Federal Reserve stimulus coming and central banks around the world turning into buyers, gold prices have room to run higher, Barrick Gold CEO Jamie Sokalsky said Tuesday.

  • Gold Will Top $2,000 in Next Year: Barrick CEO Tuesday, 11 Sep 2012 | 1:37 PM ET
    Gold

    With more Federal Reserve stimulus coming and central banks around the world turning into buyers, gold prices have room to run higher, Barrick Gold CEO Jamie Sokalsky said Tuesday.

  • Gina Rinehart Sparks New Controversy With $2 Remark Thursday, 6 Sep 2012 | 5:56 AM ET
    Gina Rinehart, chairwoman of Hancock Prospecting Pty.

    Australia’s mining tycoon Gina Rinehart — the world’s richest woman — is at it again. This time she has sparked controversy by comparing wages in Australia’s mining industry to cheap labor in Africa where workers earn less than $2 a day.

  • Bear Case — Iron Ore to Hit $50 in 2013 Thursday, 6 Sep 2012 | 2:25 AM ET

    Global iron ores prices, which are already near three-year lows, have more to fall, says independent economist Andy Xie. He forecasts prices to drop more than 40 percent to $50 per metric ton by mid-2013.

  • A Downer Outlook Down Under Tuesday, 4 Sep 2012 | 7:03 AM ET

    The Australian dollar has been sagging, and this strategist sees more weakness ahead.

  • Why Chalco's Failed Bid Is Good for SouthGobi Tuesday, 4 Sep 2012 | 3:25 AM ET

    State-controlled Chinese Aluminum giant Chalco's decision to drop its bid for SouthGobi Resources could actually push the Mongolia-focused coal producer's share price higher, according to one commodities expert.

  • Slumping iron prices are set for a sharp rise in the medium-to-long term, Severstal Head of Strategy Thomas Veraszto told CNBC’s “Worldwide Exchange” on Monday.

  • Buy Iron Ore Miners as Prices Set to Rebound: Pros Monday, 3 Sep 2012 | 3:17 AM ET

    The slumping iron ore price is providing the perfect opportunity to build up positions in Australia’s top iron ore producers, experts tell CNBC.

  • Did Ben Move the Metal Markets?     Friday, 31 Aug 2012 | 10:33 AM ET

    A look at how the metal sector is reacting to Bernanke's speech on economic policies, with David Meger, Vision Financial Markets.

  • Gina Rinehart

    Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.