Domestic rare earth supplies will meet the U.S. defense industry’s needs by 2013 for the materials that go into military motors and electronics, according to a Pentagon report sent to Congress.
Felix Salmon, uber-blogger and columnist at Reuters, takes on the Economist's Matthew Bishop, author of In Gold We Trust?, on gold's value versus currencies, bonds and stocks.
"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that captivated the City in the 1960s and ended in the Poseidon crash, to the Hunt brothers’ cornering of the silver market in 1980."
Recent potash contract placements by some of the world’s largest buyers have raised hopes of a resurgence in the fortunes of potash companies and their investors.
Vale — the second largest nickel producer in the world — plans to begin looking for nickel this year on the Melville Peninsula near Repulse Bay, Nunavut.