Dec 22- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. Reuben Brothers has a history in steel and iron ore investments through its metal trading company Metalloyd. In April, the firm sold its stake in Erus Metals, a small warehousing company based...» Read More
Iron ore prices slumped as China demand slows but Fortescue Metals' CEO Nev Power, still sees strong long-term demand from the mainland. He explains his optimism.
Colin Barnett, Premier of Western Australia, says the proposed mining levy is not only affecting sovereign risk, but also the financing of some of the mid-cap projects in the state.
CEO Dan DiMicco talks to Cramer about his company’s earnings and how China is hurting their profits.
China’s largest rare earths producer, Baotou, has suspended production for one month in an effort to prop up falling prices, in the clearest signal yet that Chinese producers are intent on supporting prices at high levels. The FT reports.
Strategic investor Dennis Gartman suggests closely watching copper. As goes the red metal, so to could go the entire stock market.
Cramer makes the call on viewers' favorite stocks.
JPMorgan has been calling for gold to ump to 2500 an ounce by the year's end, but in the past month the metal has fallen ten percent. Insight on where prices are headed, with Colin Fenton, JPMorgan chief commodities strategist.
Mike Elliott, global mining & metals leader at Ernst & Young, says that increasing domestic demand from emerging markets will sustain commodity prices.
The Mongolian government, Ivanhoe Mines and partner Rio Tinto have agreed to back a 2009 investment agreement for the Oyu Tolgoi copper-gold deposit, ending discussions over possible changes and sending shares of Ivanhoe up as much as 18 percent.
CNBC's Bertha Coombs reports on the oil industry from Larose, Louisiana, where the promise of paying jobs is fueling the call for expanded drilling.
"Now is absolutely the right time to invest in Africa. We are talking about price-earning ratios in the low single digits in some cases. There are some very attractive opportunities across a wide range of countries," Graham Stock, chief strategist at Insparo Asset Management, told CNBC.
The Fast Money traders with a look at the sell-off in gold and oil, with David Greenberg, Greenberg Capital, saying oil hit bottom on Tuesday and gas prices should follow. Also a look at whether rare earth metals are headed for a tumble, and the outlook for Molycorp, with Chris Ecclestrone, Hallgarten & Company.
Risk-averse investors have been bailing out of the Australian and New Zealand dollars. Time for bargain hunting, this strategist says.
London Metal Exchange Chief Executive Martin Abbott confirmed to CNBC on Thursday that the exchange is being at least tentatively pursued by other, unnamed firms, but said that there was "no pressing need" for a sale.
We're nearing the bottom in copper, says Jeff Hirsch, Trader's Almanac, but we're not there yet.
The wreck of a British merchant vessel, sunk during the second world war, looks set to yield the largest haul of precious metal at sea, the FT reports.
Marc Faber, author of the Gloom, Boom and Doom Report, tells CNBC that he thinks gold could fall to $1,100 an ounce by the end of the ongoing sell-off
The London Metal Exchange on Friday became the latest exchange to be swept up in consolidation when it said it had “received several expressions of interest with regard to potential strategic transactions”. The FT reports.
Cramer talks with Mike Sutherlin, Joy Global CEO about the fallout from two important coal companies cutting their shipment forecast and its impact on mining equipment makers.
While there was some speculative buying of rare earths in China earlier this year, Molycorp CEO Mark Smith said the supply and demand fundamentals remains unchanged.