By Melissa Pistilli-Exclusive to Iron Investing News Tuesday afternoon, crippled resource stocks gained relief from the Fed’s emergency interest rate cut. The resource market seemed to benefit the most. The S&P/ASX 200 materials index, with 43 stocks related to the resource market, bounced back 2.9 per cent. Metals prices have fallen dramatically from their bull [...]
By Melissa Pistilli – Exclusive to Iron Investing News The world’s largest iron-ore producer and exporter Companhia Vale do Rio Doce is now in the initial phase of negotiations with its Asian clients to raise prices. Vale has stressed that there was no guarantee that negotiations would conclude on a successful note. The proposed increase [...]
By Melissa Pistilli – Exclusive to Iron Investing News The China Iron & Steel Association‘s monthly report for July shows that domestic steel demand is wilting in the scorching summer heat, heavy rainfall in the South and the recently-concluded Olympic Games. Increasing amounts of steel inventory has weakened iron ore demand causing the price of iron [...]
Iron is one of the most abundant elements on earth and accounts for 95% of worldwide metal production. It is key in the construction of machinery, tools, automobiles, ships, buildings, etc., due to its strength and low cost. Because pure iron is very soft, it is most often used in the form of steel. Metallic [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
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