LONDON, July 29- Copper prices rose on Wednesday, boosted by stronger Chinese equities and expectations that China, a top consumer of industrial metals, will move to support growth and sentiment with further stimulus. "China is struggling, but its not imploding. Copper is probably now reasonable value. "» Read More
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5 billion expansion of the massive Escondida mine in Chile, while BHP plans to reopen a U.S. copper mine idled three years ago.
Growth prospects for the merger between Glencore and Xstrata look healthy enough for shareholders to hold on to their stake, according to Jane Coffey, head of equities at Royal London Asset Management.
Global miner Rio Tinto announced on Wednesday a $3.4 billion expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50 percent in anticipation of growing demand from Chinese steel mills.
Discussing Glencore's $41B acquisition of Xstrata and its impact on other commodity mergers, with Anthony Young, Dahlman Rose analyst.
Mad Money's Cramer compares and contrasts Caterpillar to Joy Global, and concludes CAT's vast sales force, financing arm, and service division, make it a better play, but only on a pullback.
It’s impossible to say what a fully recovered U.S. economy will look like, or how long it will take to get there. However, some sectors have begun to hire again.
Copper futures rose Monday trading above $3.80, after China reported positive import data and on hopes for progress on the European Debt Crisis. Yet, traders and analysts still see more price pressure on the industrial metal.
Central banks increased the amount of gold they lent for the first time in a decade in 2011, as they used their bullion reserves to help commercial banks raise US dollars. The Financial Times reports.
In turn, the "Mad Money" host thinks global prospects look brighter.
Commodity prices traded higher Tuesday, creating an opportunity in a few company stocks, according to renowned trader Dan Dicker and other “Fast Money” pros.
The week's top business news and investment advice, including a look at financials, oil and gold mining stocks.
Citi's chief US equity strategist is cautious on chemicals and health care, but says more merger and acquisition deals in energy and telecommunications will make them the sectors to watch.
The Obama administration banned new mining claims affecting a million acres near the Grand Canyon, an area known to be rich in high-grade uranium ore reserves.
If oil prices resume their climb, this strategist says you can profit from a euro trade.
The four-month slump in gold and other metals by nature is setting up a buying opportunity somewhere, but it could be months before a solid entry point materializes.
As gold prices dipped below $1,600 on Monday, commodities trader Dan Dicker said it could be time to buy.
Richard Ross, Auerbach Grayson, and Peter Boockvar, Miller Tabak, discuss what the charts are saying about gold and silver, which have had a rough couple days. Could a bottom be near?
Tom Albanese, Rio Tinto CEO, discusses the comeback for iron ore prices.
Gold falls for the third straight day, now down over 1%, with the Fast Money traders.
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.