FORT WAYNE, Ind. _ Steel Dynamics Inc. on Monday reported third-quarter profit of $91.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $2.12 billion, according to Zacks.» Read More
Prices of commodities such as copper and gold have slumped more than 15 percent this year as investors shun risk assets and demand fell amid a moribund global economy but a demise of the mining industry is “greatly exaggerated,” according to HSBC.
Gold Fields is sitting at long-term support, and yesterday the bulls stepped in.
Commodities bulls betting on further easing from major central banks to revive sagging prices may be setting themselves up for disappointment.
Freeport-McMoran Copper & Gold CEO Richard Adkerson, told CNBC’s “Closing Bell” on Thursday he expects copper prices to be higher longer term. He's not alone in his bullishness.
The Australian Federal Government is facing one of its biggest fights over its controversial mining tax, after one of the country’s biggest iron ore miners lodged a challenge against the High Court against the legislation.
Shares of mining giants may have slumped this year on falling demand from China and as investors shun assets but they may be due for a bounce.
Ephrem Ravi, Head of Metals & Mining Sector at Barclays says that markets are bullish on copper and that it is a good thing that BHP Billiton can produce more of it.
Gold has been having a rough ride lately. Here's what one technical analyst sees next.
Global mining groups, such as BHP Billiton, Vale and Anglo American, are pruning their expansive portfolios, as calls from shareholders for greater focus and spending discipline prompt them to shed non-core assets.
Jeff Bradley, Globe Specialty Metals CEO, explains how silicon metal is made and the competition his company faces. "We are a very unique company, and we are the lowest cost producer of [silicon metal] in the entire world," says Bradley.
China is releasing a slew of economic data this week, with the potential to move a key currency. The question is how.
Gina Rinehart, reputed to be the world's richest woman, is making headlines again for power struggles with her family and the Australian media.
Hong Kong Exchanges and Clearing (HKex) has defended its purchase price of $2.18 billion for the London Metal Exchange, after some analysts voiced concerns about the amount it was paying.
The Market Vectors Gold Miners Index exchange-traded fund drew some bullish option activity yesterday as traders focus increasingly on precious metals.
According to Australia's BRW magazine, mining magnate Gina Rinehart’s net worth is now $28.5 billion. That tops WalMart heiress Christy Walton’s $26 billion pile.
A wireless conference may be the last place you'd expect to see a precious metals refinery company, but precious metals are prevalent in cellular devices and once stripped down, those metals can be cashed in.
Eric Anderson, Planetary Resources co-founder & CEO, discusses the profitable outlook on mining for water and precious metals in space.
Many jobs that let reserved types work in solitude offer poor salaries and unchallenging work. But there are other careers that are stimulating, well-paying and require little human contact.
Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline.
Copper miner Freeport-McMoran isn't for sale, and won't be buying any of its competitors anytime soon, CEO Richard Adkerson told CNBC Thursday.