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Steel & Tube Reports 85% Slump

Steel-&-Tube-Logo.jpgThe Steel & Tube Holdings posted an 85% slump in its first-half profits, thereby reflecting weaker demand and prices.The company's net income fell to $3.17 million, in the...

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Kazakhmys Copper Yield Beats Expectations

Kazakhmys-copper.jpgDespite the hard economic conditions tolerated throughout the year 2009, Kazakhmys notified that it completed the year in a good shape.read more

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Gold Becomes Dearer With 2.3% Weekly Gain

Gold.jpgGold hit a 2010 high above $1,180 per ounce on Friday, with a gain of 1%, as a widening Euro zone sovereign debt catastrophe impelled investors to purchase the yellow metal in a bid to be on...

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Investors Find Security with Gold Purchases since it Hits Record High

Gold-Purchases-Since.jpgGold hit record highs close to $1,250 per ounce in Europe on Friday as investors purchased the metal, in order to safeguard themselves against sovereign jeopardy in the Euro...

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Noranda at the Bottom of a Cut Range on Thursday

Noranda-Aluminum-Holding.jpgNoranda Aluminum Holding Corp, which smelts and purifies aluminum and mines bauxite, priced shares in its preliminary public offering at the bottom of a cut array on...

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Amid Euro Debt Worries, Investors Seek Refuge in Gold

Gold.jpgAn ambiance of ambiguity delivered by debt and currency slumps is pushing investors to take shelter in gold, increasing hopes that investment demand for the costly metal will outstrip that from...

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Gold Prices May Zoom to $3K in 5 Years

gold.jpgGold price may more than double to $3,000 (£2,080) per ounce over the next five years, claim fund managers, citing record inflows into the yellow metal this week. The inflow resulted after...

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Gold Plummets Against Dollar’s Strength

Gold-Plummets-Against.jpgOn Tuesday, Gold plunged and platinum and palladium were mainly hard hit on Dollar potency, recoiling from a rally on Monday, ignited by new monetary concerns in Europe and a...

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Gold Rises More Than 1% in Europe

Gold-Rises.jpgAs instability in currency markets and worries over the outlook for the Euro provoked gold buying as a haven from risk, it rose more than 1% in Europe on Wednesday.With holdings of the...

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Raising Its Risk Aversion, Gold Clasps Above $1,220/oz

Gold-Price.jpgReports claim that amid all the risk aversion, gold has held strong and has recorded the price above $1,220 an ounce in Europe.The price of gold consolidated after the previous session's...

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Gold Prices to Become Stable

Gold.jpgOn Wednesday, the price of Gold became stable in Europe.The price of Spot gold was $1,235.45 an ounce at 1048 GMT. In New York the price was $1,233.63.The gold meant for August delivery...

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Alcoa’s Sound Earnings Gives A Positive Sign for Economy’s Growth

Alcoa-Sound-Earnings.jpgThe Petersburg based aluminium producer Alcoa projected its 2010 aluminium consumption demand on Monday and posted significantly higher second-quarter sales and profit, which is...

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Gold Sets Rise after Weekly Decline

Gold-Sets-Rise.jpgGold Prices are setting a pace towards a rise after suffering a consistent decline over the last one week, as investment rose. For immediate supply, the bullion surged 0.3%to...

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Copper Marks a Slip as China Rises to Curb Real Estate Speculation

Copper-Marks-Slip.jpgCopper marked a fall for the second day, prompted by fears that China's decision to hold back the real-estate speculation will hamper demand for the metal used in pipes and wires....

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Gold Prices Stay Put for Now, Expected to Rise in Future

Gold-price.jpgPrices of gold kept constant around the highs it had recently hit in the earlier session. Gold prices remained constant because of the demand by investors and a weak Dollar due to...

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Gold Reaches a Record High Price

Gold-High.jpgThe gold prices have hit a record high and it is being speculated that the performance of the metal will continue to exceed stocks and other investments.On Friday morning, the gold futures...

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With gold hitting all time high Fed’s next move will be under scrutiny

gold-all-time-high.jpgOn Wednesday gold has hit its lifetime high and bagged its tenth record in the last twelve sessions. Dollar saw a fall against a number of other currencies as people expected that...

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Red Dust From Us Metals Plants Causing Health Problems

red-colored-dust.jpgThe fuzzy storms when blows in two town of Texas Gulf Coast , coats the lawns, vehicles and traffic lights with red colored dust, being generated by metal plants in surrounding...

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China to reduce the export of rare earth metals

rare-earth-metals.jpgAs we see that the year 2011 is going to be a big year as far as the technological up-gradation is concerned and hence you can certainly see that a major improvement have been made...

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Rare Earth metals causing environmental damage

Rare-Earth-Metals.jpgRare earth metals are forcing the global efforts to switch to cleaner energy, be it batteries in hybrid cars or magnets in wind turbines. Mining and processing of the metals causes...

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Gold goes up for Fourth Day with inflation increasing demand for Hedge

Gold.jpgGold climbed for a fourth day on theory that increasing consumer prices will enhance investor demand for the metal as a hedge against inflation.read more

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Gold regained strength with bargain hunters resurfacing

Gold.jpegOn Wednesday, Gold regained strength with bargain hunters resurfacing after prices dropped from a seven-week high, but receding equity markets and a fall in ETF holdings could restrict gains...

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Experts Anticipate a Rise in Gold as Libya Unrest Continues

Gold.jpgSeveral apprehensions are in the air that the gold might rise in London as a month long unrest in Libya increases the demand for the metal as an alternative investment option.This week observed...

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BP Agrees to Sell its Arco Aluminium Unit for $680m

Arco-Aluminium.jpgBP has agreed to sell its Arco Aluminium unit to a Japanese consortium for $680 million. The Japanese consortium is constituted of five Japanese companies. read more

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Aluminum Producer Alcoa Inc Reports Better Earning than Expected

Alcoa.jpgAlcoa Inc., producer of aluminum reported on Tuesday that their earnings were better than they expected. The unit sells auto parts and other complex items at lower metal prices.read more

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