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Rio Tinto (RTP) and China Send Iron Ore Prices Up 96% in One Week

June 25, 2008 · Filed Under Gold and Resources · Comments 
“Anyone who thinks China’s insatiable hunger for metals is going to subside any time soon need think again. On Monday it was announced that Chinese steelmakers have agreed to a new contract with Rio Tinto (RTP:NYSE) for the price of iron ore, which saw a 96.5% rise on last year.” — Dominic [...]

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Commodities Trading: Aluminum’s Alcoa bribes (maybe) and buys

March 21, 2008 · Filed Under Gold and Resources · Comments 
"After naming Merrill Lynch CEO Stan O’Neal (yes, that Stan O’Neal, the one who was forced to step down after revealing $8.4 billion in mortgage writedowns for the investment firm last fall) to its board, Alcoa and Chinese competitor Aluminum Corporation of China, or Chalco, as it’s known, bought a 9% stake (12% [...]

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