That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years. In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters said the bulk of the rise in the global gold hedge book last year was driven by Fresnillo and...» Read More
But is the stock a buy? The "Mad Money" host weighs in.
What would you do if you were a property developer or businessperson in China and needed to borrow money but because loan demand was so strong and the government so concerned with easy credit, that normal financing was unavailable?
Some hedge funds have lost hundreds of millions of dollars in the recent commodity market blow-off and it has certainly reintroduced an element of two-way action back into the trade.
China’s slowing growth in industrial output does not reflect softening demand for coal, says Alexander Molyneux, CEO China-focused coal miner SouthGobi Resources, who expects demand to be supported by a lack of supply.
Despite the sharp sell-off in commodities in Wednesday's U.S. session, one mining executive is convinced the supercycle is very much alive.
Following a dramatic couple of weeks for those holding gold, HSBC has told clients the precious metal is ‘bound to rebound’ and that they could use the losses as a buying opportunity.
Why the “Mad Money” host thinks Twitter can be a contra-indicator.
Commodity prices may have recovered slightly from last week's sharp selloff but the downtrend is likely to stay in place for the next few months, warned analysts.
The commodities rout this week has raised questions whether that the bull-run in the sector is over, and more worrying, if it represents a bad omen for the global economy.
When whales like George Soros and Carlos Slim are making bearish bets on silver, even usually contrarian options traders are wise enough to recognize that the tide may be turning against the commodity.
The recent commodities pullback suggests to some the bursting of a bubble, but many investment pros think it's just a temporary pullback.
Major players, including George Soros, are reportedly pulling back from gold and silver has recorded yet another collapse.
The price action in silver since late January has been dramatic to say the least. The derivatives marketplace CME Group raising margin requirements has been seen by many as the reason for the 20 percent correction in prices since the precious metal hit a record over $49 an ounce on April 28th.
Billionaire Carlos Slim has been selling silver futures for "weeks" in an effort to actively hedge production of his silver mine, a spokesperson confirmed to CNBC Wednesday.
Molycorp is ready to buy other rare earth mining companies should the opportunity arise, said Chief Executive Mark Smith told CNBC Wednesday.
It has been the silver bullet for many investors, the best performing commodity so far this year. Now it's taking a breather. The reason behind the stunningly rapid rise in silver prices in the last few months — the frenzy of speculative interest — may be the main reason for the metal's recent decline.
Rare earth prices are reaching rarefied heights. World prices have doubled in the last four months for rare earths — metallic elements needed for many of the most sophisticated civilian and military technologies, whether smartphones or smart bombs.
With silver prices tumbling for a third straight session, traders are questioning if its record-breaking rally in recent months is finally over.
See what's happening, who's talking and what will be making headlines on Monday's "Squawk on the Street."
The global uranium industry, crippled by the March 11 earthquake and Tsunami in Japan, is now beginning to come out of the shock. Investors, who were earlier sitting on the sidelines, have re-entered the market to look for bargains.