April 11, 2012

Massive quake in Indonesia triggers tsunami alert

An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced…

April 10, 2012

Alcoa BEATS earnings estimates, stock surges after hours

Alcoa reported first quarter results that topped expectations on both the top and bottom lines as revenue surged to a record high, […]

April 10, 2012

A worry for Caterpillar: plunging Chinese excavator sales

Caterpillar has gotten a lot of juice out of overseas sales, and China’s been a growing market for the company. So anything undermining that is a concern for investors.

April 10, 2012

‘Chinese imports of gold can only be described as massive right now’: Von Greyz

Egon von Greyerz told King World News that gold imports in China have ramped up considerably due to concerns about the world […]

April 10, 2012

Molycorp’s rare earth reserves jump 36%

U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility…

April 10, 2012

Vedanta Group says mining ban in India hits iron ore output

London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India’s southern state of Karnataka and…

April 10, 2012

No bubble here: Rogers says Chinese property market is cooled down

Legendary commodity-investor and Singapore resident, Jim Rogers, told China Daily News that the property market has been slowed down and there is no crisis.

April 10, 2012

Rare earths shortage would spur Pentagon action, official says

The Defense Department would intervene in case of a shortage of rare earth materials for defense electronics and motors, Brett Lambert, the Pentagon official responsible for industrial policy, said.

April 9, 2012

Ivanhoe bloodletting continues

The Vancouver-based miner gave up another 3% on Monday, bringing its losses over the past trading week to 15% as worries about grades and costs at Oyu Tolgoi – one…

April 9, 2012

Ready, set, go: China’s long-awaited rare earth industry group is already here

In a move to curb the rampant domestic illegal mining of rare earth, as well as to regulate its rare earths players, China launched on Sunday its industry association for…