Metals, mining and money markets
Spot prices
Commodities Markets
Editorial: Buh-bye Hollywood, visit me in Yellowknife
Canada’s brief but glamorous affair with one of the world’s great ultra-luxury brands came to a swift end in the new year, with Harry Winston Diamond striking a deal to sell its famed retail diamond jewellery and timepiece division…
Is the iron ore rally overdone?
Spot prices for iron ore fines delivered to China touched a three-year low in September 2012 of US$87 per tonne before rebounding to US$119 per tonne in December and to the US$158-US$160 per-tonne level of recent days. The question is, where…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 8, 2013Precious MetalsPrice…
Editorial: Goldcorp adopts ‘all-in’ cost metric
A decade ago gold was worth less than US$300 per oz., and gold producers were desperate to attract investors. One method they developed was to report gold-production costs using a minimalist metric, making their potential for profit seem larger.
Rising steel production in India to bolster coking coal prices
Talk of coal usually focuses on the thermal variety — the lower-carbon black rock burned in generators to produce electricity — to the neglect of the higher-quality variety used in steelmaking. The focus makes sense: the world…
Goldcorp adopts “all-in” cost metric
VANCOUVER – A decade ago gold was worth less than US$300 an ounce and gold producers were desperate to attract investors. One method they developed was to report gold production costs using a minimalist metric, thus making their potential…
The tipping point for iron ore
Spot iron ore prices in September 2012 touched a three-year low of US$87 per tonne before rallying to US$120 per tonne in the closing months of the year. The question is where will prices move from here?
Rising Indian steel production to support coking coal prices
VANCOUVER – Talk of coal usually focuses on the thermal variety – the lower-carbon black rock burned in generators to produce electricity – to the neglect of the higher-quality variety used in steelmaking. The focus makes…
BMO takes a fresh look at single-asset miners
BMO Capital Markets’ research team is shaking things up this new year.
Editorial: Iron miners, iron wills
The new year kicking off with ArcelorMittal selling 15% of its Labrador Trough iron ore assets underscores the realignment in iron ore assets that has been going on around the world in recent months. Arcelor is selling the 15% stake for a cool…
Will 2013 be the year of the dividend?
While some companies have ditched their chief executives lately the trend does not signal a change in management practice or the reluctance to pay a dividend, Christopher Ecclestone of Hallgarten & Co. argues.