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Vale (RIO) cuts off iron ore… and China goes shopping

September 25, 2008 · Filed Under Gold and Resources · Comments 
Vale (RIO) has cancelled its iron ore shipments to China until the country’s steelmakers cough up more dough. But China has other ideas. And Vale may find its products aren’t as vital as it originally thought. by Stephanie Grimmett Baltimore — (TFN):  It’s the "teach a man to fish" theory of steelmaking:  Buy iron [...]

Can you profit from paper stocks?

September 19, 2008 · Filed Under Gold and Resources · Comments 
"Stock prices for paper companies have been erroding for more than a year. But a recent bump upward could mean the mills might rise again." — Stephanie Grimmett by Stephanie Grimmett Baltimore — (TFN): I’m betting this will have tree-huggers (the literal kind, not just any hippy who might be around) screaming for blood:  Did you [...]

Mining stocks aren’t dead: Buy Xstrata (XTA) & International Ferro Metals (IFL)

September 12, 2008 · Filed Under Gold and Resources · Comments 
"It’s important that we get back to the fundamentals of supply and demand. Some commodity prices have held up and even continued to rise. These tend to be those where the price is set by contract negotiations." — Bradley Mitchell Blogger’s note: Ever wonder where professional traders are putting their money? Well, now you don’t have [...]

Vale (RIO) pushes China for higher prices

September 4, 2008 · Filed Under Gold and Resources · Comments 
"When yearly contracts were made in February at an 86% increase on last year’s prices, China’s steel producers gulped so hard they nearly swallowed their own teeth. But that wasn’t the end of it. Both Rio Tinto and BHP renegotiated their contracts for even higher prices this summer. And now its big brother’s turn." — [...]

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 [...]

Buy Mechel (MTL) for 30% gains on steel and coal

June 4, 2008 · Filed Under Gold and Resources · Comments 
“Get this: MTL posted a 94% year-on-year rise in coking coal output for the first quarter of 2008. Nickel and iron ore output also experienced year-on-year growth, though not as much as coking coal.” — Sara. Nunnally by Sara Nunnally Baltimore – (TFN): Last Thursday, Mechel OAO (MTL:NYSE) announced record [...]

Oil Prices: Is a high in sight?

May 14, 2008 · Filed Under Oil and Energy · Comments 
“We saw exactly the same thing with uranium last year, we saw it with wheat, corn and soybeans this year; we saw it with copper, lead, zinc and nickel, we’ve just seen it with rice.” — Dominic Frisby by Dominic Frisby, MoneyWeek Baltimore – (TFN): When a commodity or [...]