Indian Steel Producers Aggressively Seek Raw Materials
While demand for steel is expected to cool off slightly in 2011, Indian steel manufactures are aggressively seeking raw material acquisitions such as manganese mines in South Africa. India hopes to...
View ArticleAmerican Coal Landscape in Merger and Acquisition Revival
Arch Coal’s cash purchase of International Coal Group this week represents what is expected to be commonplace within the metallurgical coal scene in 2011: an M&A revival.Continue reading...
View ArticleNickel Prices Falling on Weak Demand
Nickel prices on the LME have been on a downward trajectory since March. Weakened demand for steel, increased production of nickel, and many manufacturers seeking substitutes may put create a surplus...
View ArticleMolybdenum’s Long Term Potential
Ken MacDonald Vice President of Business Strategy and CFO Erdene Resource Development discussed the factors controlling the current molybdenum market.Continue reading...
View ArticleMolybdenum Prices Trending Downward
The price of molybdenum on the LME is down to its lowest level since July of 2010. Weak demand for stainless steel and the summer slowdown in the production of steel are factors. This could represent a...
View ArticleMolybdenum Q4 Outlook
Keeping track of the steel market is key for investors with an eye on molybdenum.Continue reading...
View ArticleIron Ore Ship Rents Climb on Port Congestion, Japan Steel Demand
Bloomberg reported returns for capesize ships that haul iron ore and coal advanced for a second session, with increased demand from Japan.Continue reading...
View ArticleExpanding Iron Ore Supply Weighs on Price
By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share...
View ArticleEuropean Steel Demand Wanes: Coal Prices Drop
Bloomberg reported that a drop in European demand for steel, and a shift in China's supply contracts from Australia to Mongolia, is set to send the prices of coal to make steel to its lowest in two...
View ArticleWeak China Demand will Slump Iron Ore below $50
Bloomberg reported that Citigroup Inc. has predicted that weak steel demand in China will lead to iron ore prices dropping below $50 a metric ton.Continue reading...
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