Commodities

Afghanistan Another Target for India’s Raw Material Hunt

by TC Malhotra on May 17, 2012

Style:    Category: Commodities, Company News, Ferrous Metals

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In Part One, we explored India’s interest in Mongolia’s natural resources. Media reports suggest that a consortium of four state-owned Indian companies comprising SAIL, Nalco, Hindustan Copper and Mineral Exploration Corp. has been shortlisted last month to invest in new gold and copper deposits in Afghanistan. Two private players — Monnet Ispat & Energy and [...]

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Construction MMI®: US Gulf Coast Bar Fuel Surcharge Down Again

by MetalMiner IndX Reports on May 16, 2012

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The week’s biggest mover on the Construction MMI® was the weekly US Gulf Coast bar fuel surcharge, which saw a 2.4 percent decline to $0.54 per short ton. Last week marked the fourth in a row of declining prices for the metal. Closing out the third week of declining prices, the weekly US Midwest bar [...]

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Steel Authority of India Sets Sights on Mongolia

by TC Malhotra on May 16, 2012

Style:    Category: Commodities, Company News, Ferrous Metals

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Not surprisingly, Indian steelmakers are looking towards mineral-rich Mongolia to get in on the action of the huge mineral wealth in that country. According to an Economic Times report, the state-owned Steel Authority of India Ltd. (SAIL) is considering replicating its successful public-private approach in both Mongolia and Afghanistan. SAIL has signed a Memorandum of Understanding [...]

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Commodity Prices Fall on China and Greece Fears

by Stuart Burns on May 16, 2012

Style:    Category: Commodities, Investing Hedging, Metal Prices

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Investors are a funny lot. The phrase “herd mentality” may have been created to describe the behavior of our four-footed friends, but it applies equally well to the investor fraternity. For months, the prospect of a slowing China and the departure of Greece from the euro have been on the cards, prompting some no doubt [...]

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Daily Steel Price Roundup – May 15, 2012

by MetalMiner IndX Reports on May 15, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

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On May 14, 2012, the day’s biggest mover on our daily steel price index was the LME steel billet cash price, which saw a 2.5 percent increase to $464 per metric ton. This increase comes after the price fell for the two previous days. Also after dropping for two days on the LME, the 3-month [...]

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Rare Earths MMI®: Week Closes With Cerium Oxide Down 1.7%

by MetalMiner IndX Reports on May 15, 2012

Style:    Category: Commodities, Metal Prices, MetalMiner IndX, Minor Metals

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This past week, cerium oxide dropped 1.7 percent on the Rare Earths MMI® as the big mover in the rare earth metals market. Dysprosium oxide prices held steady from the previous week, while europium oxide remained essentially flat from the previous week as well. The 11 other rare earth price points, including neodymium, yttrium and [...]

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Indian Coal Privatization Proposal To Affect Pricing

by TC Malhotra on May 15, 2012

Style:    Category: Commodities, Ferrous Metals, Public Policy

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Continued from Part Two.  Recent reports suggest that the government is working on a proposal under which CIL would engage private sector companies to undertake mining on behalf of the coal miner — which could affect coal prices in the medium- to long-term. A PTI report suggests that top-level government officials recently discussed the proposal [...]

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Privatizing India’s Coal Sector to Narrow Demand-Supply Gap?

by TC Malhotra on May 15, 2012

Style:    Category: Commodities, Ferrous Metals, Public Policy

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Continued from Part One. Last week, Indian Junior Coal Minister Prakashbapu Patil said in a written reply to the upper house of the parliament (Rajya Sabha) that the gap between projected demand and supply has increased to 161.5 million metric tons in 2011-12. Imports of the fossil fuel during the period also went up from [...]

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