Sept 23- Newmont Mining Corp raised its full-year copper production forecast to reflect the resumption of shipments from Indonesia. The miner received an export permit from the Indonesian government on Monday to resume copper concentrate shipments from the country.» Read More
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.
Discussing whether Greece can avoid default and how to trade it, with Dennis Gartman,The Gartman Letter, and what the play in copper indicates about the economy.
A look at the markets, post Ben Bernanke's speech, with Anthony Neglia, Tower Trading president and CNBC's Seema Mody.
Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.
"The strong underlying fundamentals these metal and mining companies are enjoying today, the strong metal prices, the high margins, the great margin growth we have see year on year, and the growth we are going to continue to see in commodities over the next few years, is totally unreflected in the share prices," Evy Hambro, CIO of the natural resources team at BlackRock, told CNBC.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
Gold prices have stalled in recent days as investors have turned away from safe-havens and towards risk assets.
Almost no one outside the sponsor (the World Gold Council) has ever seen the gold in the world's largest vault — until now.
Gold Bullion International's CEO explains the advantages. "When you own a real asset, there's no counterparty risk between you and the real asset," he says
Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets. The FT reports.
Gold is increasingly harder to find, forcing thousands of miners to drill deeper, at higher costs and greater danger.
What is it about gold that makes people so passionate, crazy, paranoid? Our special report answers that question and more. We'll take you to mines in South Africa, gold bank vaults in London, trading pits in New York and the shop floor of a huge gold-jewelry manufacturer in Louisiana.
With fiscal instability plaguing the U.S. and Europe, some want a return to the past and a restraint on money supply.
Like commodities in general, metals help investors diversify as their performance bears little resemblance to that of stocks.
Gold has had a hold on mankind since it was first mined in the Copper Age.
These should be boom times for the mining business in California and Nevada. There is no "rush" in the new gold rush.
An unheralded Russian club owned by billionaire oligarch Suleiman Kerimov is expected to make Samuel Eto’o the world’s highest paid footballer, the FT reports.
Both the U.S. and Europe are facing a decade of slow growth brought on primarily by the blunders of central banks, noted doomsayer Marc Faber said.