bloomberg

Uralkali Ready to Cut Potash Output to Protect 45% Price Gain: Commodities

Posted on January 25, 2012

OAO Uralkali (URKA), Russia’s biggest fertilizer maker, is ready to cut production to prevent potash prices from falling after Potash Corp. of Saskatchewan Inc. announced reductions this year.

Russia Lawmaker Seeks China Partner for $1 Billion Zinc Mine

Posted on December 23, 2011

Russian lawmaker Mikhail Slipenchuk is seeking a Chinese investor for the $1 billion Siberian zinc deposit owned by his company IFC Metropol after Lundin Mining Corp. quit the project following the 2008 financial crisis.

Chinese copper imports rise for first time in three months

Posted on July 13, 2011

Chinese imports rose for the first time in three months in June as buying from overseas became profitable and supply tightened after consumers drained local stockpiles. There are “strong signs” that the country will “come back and buy in a more aggressive way,” according to Codelco, the top producer. Prices slid 3.7 percent in the first six months of the year as demand waned.

The metal has gained 46 percent in the past year, reaching a record $4.6575 on Feb. 15.

Caterpillar to form venture to build transmissions

Posted on April 11, 2011

Caterpillar Inc. said Friday it agreed to form a joint venture with a Chinese transmission manufacturer that will build drivetrain systems and other components for Caterpillar machinery and produce a line of automatic transmissions for highway travel.