Citigroup turns bearish across the board (November 17, 2008)
Vancouver– In a new commodity outlook Citigroup Global Markets predicts all base metal markets moving to surplus in 2009, meaning trough cycle prices will dominate through 2009.
Iron Ore
Vale slashes iron ore production, trims nickel output
Saying that it is “adjusting to the new global economic scenario,” iron ore giant Vale (RIO-n) is dramatically scaling back its iron ore mining in Brazil in order to cope with an estimated 20% product…
Cliffs curtails production at two mines
Declining demand for steel has prompted major iron ore producer Cliffs Natural Resources (CLF-n) to stop production at two mines in Minnesota.
Severstal and Chalco cutting output (November 03, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U. S. and Europe by 25-30% amidst slowing demand, according to a report by Bloomberg news.
Cardero offered US$200M for Pampa de Pongo
Vancouver — In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T, CDY-x) saw its share price jump almost 30% on news that a Chinese group wants to bu…
Vale slashes iron ore production, trims nickel too
Saying that it is “adjusting to the new global economic scenario,” Vale (RIO-N) is dramatically scaling back its ir…
Citigroup turns bearish across the board (October 31, 2008)
Vancouver – In a new commodity outlook Citigroup Global Markets predicts all base metal markets moving to surplus i…
Cliffs to curtail iron ore production at two Minnesota mines
Declining demand for steel has prompted major iron ore producer, Cliffs Natural Resources (CLF-N), to stop producti…
Cardero offered US$200 million for Pampa de Pongo
Vancouver – In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T,…
Pampa de Pongo packs punch for Cardero (October 20, 2008)
Vancouver–Southern Peru’s arid coastal region, directly across the pond from resource hungry countries in Asia, is flexing its iron-rich muscles for Cardero Resource (CDU-T, CDY-x).
Can China help bail out the global economy? (October 20, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help buffet the rest of the world from the economic meltdown, you might want to think aga…
Severstal and Chalco cutting output (October 14, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U.S. and Europe by 25-30% amidst slowing…