2016 has a been a banner year for the vast majority of mining companies. This has been especially true for gold miners, but the broader commodities sector has also been buoyed by the rising tide and falling global currencies.
The notorious emissions-cheating scandal that befell VW, officially known as Volkswagen AG (VLKAY), isn’t over yet, apparently.
Although often overlooked relative to the silver and gold markets, platinum is primarily an industrial metal that combines beauty, rarity, and status as a precious metal. Not only are there developments worth watching in the platinum mining industry, but the metal could also offer interesting trading opportunities for bullion investors.
Over the course of the bear market that tore through the commodities cycle from 2012-2014, one of the biggest losers was the price of platinum. The lesser-known precious metal that doubles as an important industrial resource reached its nadir of just above $800 per ounce during late 2015 and early 2016. This bottom of the […]
Freeport-McMoRan (FCX) has agreed to sell its Tenke copper mine in the Democratic Republic of Congo (DRC) for a reported $2.65 billion. The buyer is a Chinese company, China Molybdenum Co. Ltd (CMOC), adding yet another valuable mining asset to the company’s—and the country’s—portfolio.
There is a common saying about how “one man’s trash is another’s treasure.” Apparently, plant ecosystems follow a similar principle sometimes! In this case, one environment’s mining tailings (waste) are another ecosystem’s secret ingredient. At the site of a former iron mine in the Adirondack Mountains of upstate New York, millions of orchids are flourishing […]
With so much of the focus in the precious metals markets homing in on gold and silver (and deservedly so), the Platinum Group Metals (PGMs) have gotten lost in the shuffle. As a result, both the palladium and platinum price were lagging behind their better-known cousins so far in 2016. This trend has finally begun […]
It should be no surprise that two of the keys to solving the puzzle of silver’s supply and demand dynamics are 1) demand for base metals and 2) the Chinese economy. These two factors are not as disparate as they may first appear.
In an novel approach to prospecting in remote areas, Geoscience BC and Noble Exploration Services Ltd have been taking samples from the top of old-growth spruce trees to look for trace amounts of gold and other minerals. Using a helicopter to quickly reach the tops of 80- to 100-year old trees, researchers too 421 samples […]
Most of us think of silver as jewelry or an investment. Indeed, it is a precious metal, so it fits these roles perfectly. But there’s also another side to silver that gets overlooked: its widespread use in various industrial applications. Believe it or not, more than half (56%) of the annual silver supply goes toward […]
Even as gold and silver have rallied to begin 2016, the industrial metals have not followed their precious cousins. Instead, they have been dragged lower by the broader commodities sector. Nonetheless, the mining sector as a whole directly impacts both the precious metals and the industrial metals. Within the scope of mining, how might this […]
Monday’s sudden resignation of Freeport-McMoRan co-founder James Moffett as Chairman caps a disastrous year for the world’s largest copper miner. Laboring under an unsustainable debt load as the prices for oil and copper plummet, Freeport has seen its stock drop by 70% this year. Investors now pin their hopes on Carl Icahn, who has taken […]
Wednesday looked to be a quiet day on the markets as more and more participants head home for the holidays. Trading hours will be normal today while U.S. stock markets close early, at 1 pm ET, on Thursday (Christmas Eve). Trading in the precious metals will stay open until 1:45 pm ET on Thursday. Spot […]
There’s little reason to believe that crude oil is on its way higher any time soon. This is especially true in light of developments in both the U.S. and the Middle East. Crude prices were down again on Thursday afternoon, with West Texas Intermediate (WTI) falling below $35 per barrel and Brent crude holding just […]
In the broader commodities sector, you would be hard-pressed to find a worse performer this year than platinum. The precious metal has shed more than 30% of its value thus far in 2015, its worst annual showing since 2008 when the metal plunged 39% on the year. The cause for the losses was pretty straightforward […]
It’s been a rough year for precious metals and commodities generally. However, it’s the industrial metals that have gotten the brunt of the damage. Industrial metals like copper and nickel are seen as bellwethers of the global market for raw materials due to their widespread use in construction and other “real economy” activities. So far […]
Debt-laden Nyrstar NV (EBR:NYR), the world’s largest producer of refined zinc, is exploring the possibility of selling all its mines and getting out of zinc mining completely. Stung by zinc prices that have fallen 24% this year due to falling demand, the company is looking at $447 million in bonds coming due in next year. […]
The sometimes painful debt restructuring for major mining company Glencore (LON:GLEN) has been well-documented. After investors lost faith in the company and shares began to plummet this year, CEO Ivan Glasenberg set out to arrest the exodus of investment and dwindling confidence of creditors. One of the methods that the company is using to pay […]
Despite its 127-year run, Alcoa Inc. (NYSE, SWX:AA), our country’s aluminum production giant, may finally see its dominance in the sector come to an end. America’s aluminum production industry is swiftly being led to the guillotine by a burgeoning and more affordable aluminum industry in China. If the current trend of falling prices continues, experts […]
South Africa—Wage negotiations between the Chamber of Mines and the four unions Association of Mining and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA may be drawing to a close. The Chamber of Mines chief negotiator Dr. Elize Strydom released the following statement: “Both UASA and Solidarity have indicated their intention […]