MEXICO CITY, Aug 4- Mexican miner Penoles said on Tuesday its net profit rose 42.5 percent in the second quarter as gold production increased and net financial costs fell. Refined gold production increased more than 9 percent, Penoles said. Although most metal prices declined, Penoles said the depreciation of the peso "mitigated the adverse effects" of lower...» Read More
Weakness in the Chinese economy might signal a few investment opportunities, but beware of getting too bearish, the “Fast Money” pros said Thursday.
Michael Sutherlin, Joy Global president & CEO, discusses his stock's hard landing on yesterday's earnings miss, and its future growth prospects in emerging markets, with Mad Money's Jim Cramer.
A California company can pull lithium, and other critical metals, out of the effluent water of geothermal power plants, removing the need to drill or blast for new resources the way miners typically do.
Investors looking for leaders to continue the market rally should stop looking at miners, despite their recent performance, Nick Nelson, European equity strategist at UBS, told CNBC.
Rio Tinto is investing $518 million in driverless trains for its 1,500 kilometer (930 mile) Western Australian iron-ore rail network, increasing network capacity as the world no. 2 iron ore miner aims to boost output 60 percent by 2015.
"When you're looking at gold mining stocks, if you start seeing some stability across the equity space" there is pretty good value there," Martin Arnold, senior analyst at ETF Securities, told CNBC. "So you are seeing some pretty solid fundamentals in the gold mining stocks," he added.
Is uranium the best hedge for investors fearful of inflation? Raymond Goldie, Salman Partners, and Anthony Young, Dahlman Rose, weigh in with the metal play.
Fortescue Metals, Australia's third largest iron ore miner, more than doubled its half-year net profit as it ramped up sales to China, but cut its production guidance for the current quarter due disruptions caused by bad weather.
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.