May 6, 2011

Rio Tinto Mining and Exploration Ltd. and First Bauxite Corporation terminate their option and joint venture agreement over the Essequibo-Demerara bauxite project in Guyana

FIRST BAUXITE CORP. (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) ("First Bauxite" or the "Company") First Bauxite Corporation is announcing that the Letter of Understanding between the Company and Rio Tinto Mining and Exploration Ltd.…

May 6, 2011

Zijin Mining to be one of Glencore’s cornerstone investors

China's Zijin Mining Group Co Ltd said on Friday it would invest $100 million as a cornerstone investor in the initial public offering of commodities group Glencore. The investment in…

May 5, 2011

Strong metals prices boost Vedanta full year earnings 29%

India-focused miner Vedanta Resources (VED.L) posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities.…

May 5, 2011

Rio Tinto to weather storm of fragile global economy

Rio Tinto , the world's third-largest miner, expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, its chairman…

May 3, 2011

India’s Nalco has raised its domestic aluminium products prices

Indian state-run National Aluminium Co Ltd (NALCO) has raised the domestic prices of its aluminium products by 4,000 rupees ($90) per tonne, except for rolled products, a senior company official…

May 1, 2011

First quarter 2011: Results rise on higher aluminium prices and stronger sales

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,448 million in the first quarter, up from NOK 588 million in the fourth quarter. Higher realized aluminium…

April 29, 2011

Today in Commodities: Tipping Point

We feel that some commodity prices are getting overextended and very close to their tipping pint. Far from an ultimate top but […]

April 28, 2011

Reliance Steel & Aluminum Co. reports first quarter results

Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the first quarter ended March 31, 2011. For the 2011 first quarter, Reliance reported net income of $92.3…

April 27, 2011

A longer-term view of inflation: industrial metals vs. gold

I found an interesting dataset at the IMF of commodity prices going back to 1980. What makes it interesting is to look at the longer-term price trends of some of…

April 27, 2011

Commodities: No bubble here

With commodity prices up so much over the past several years, you can forgive long-term value investors for giving them a miss. Who wants to risk exposure to another asset…