Letter to the editor: A little help
Thank you for The Northern Miner. I enjoy it very much. I turned 101 on Sept. 19 and am very active, and like to keep up on what’s happening in our world.
Commodities Markets
Editorial: A year to endure – the top stories of 2013
For miners, the only dispute about 2013 was whether it was the worst year since 2008, 2000 or even going back decades. If the mood was glum, there was at least no shortage of news to spice up the year. Here are our picks for the biggest stories…
Commentary: Nickel market may be missing the bigger picture, Roskill says
With 2014 approaching, the nickel market is looking to Indonesia. At the beginning of December, the Indonesian government signalled that it would implement a ban on unprocessed mineral ores. In an edited press release, London-based Roskill…
Tough times eat away at Joy Global’s business
Difficult markets put Joy Global Inc’s (NYSE: JOY) order book under stress in the fiscal fourth quarter, sending the company’s net income from continuing operations plunging 87% to US$26.8 million, or 25¢ per share, down from…
Commentary: Jeffrey Christian of CPM Group bullish on gold – post-2015
Negative sentiment regarding gold and fears over the U.S. Federal Reserve Board “tapering” its QE3 stimulus program have pushed the gold price down to US$1,241 per oz. at press time from close to US$1,700 at the start of the year.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 10, 2013 Precious MetalsPrice…
Japanese nuclear re-start is the key for higher uranium prices
With spot uranium oxide prices in the third quarter averaging US$35.95 per lb. — down from US$66.50 per lb. before the Fukushima Daiichi nuclear power-plant disaster in March 2011 — it is no surprise that uranium producers in Russia…
US markets, Nov. 25-29
The Dow Jones Industrial Average and the S&P 500 marked their eighth straight week of gains, with the Dow climbing 21.64 points, or 0.14% to 16,086.41, and the S&P 500 up 1.05 points, or 0.10% to 1,805.81. The eight-week streak for the…
Analysts see quiet copper market in 2014
VANCOUVER — Increasing mine supply, limited demand and concentrate stockpiles in China have analysts predicting a subdued year for copper in 2014.
Searching for a silver lining
Thomson Reuters GFMS presented their Interim Silver Market Review at the Annual Silver Industry Dinner, in New York on November 12, and while the report points to some distinct advantages that the metal has when compared to the other hard-luck…
Platinum, palladium markets to remain in deficit: Johnson Matthey
The markets for platinum and palladium will likely be in a deficit in 2014, according to a report by London-based Johnson Matthey.
Gold slide to continue in 2014?
VANCOUVER — Barring some kind of global economic disaster this month, 2013 will end with the gold price down markedly. It will be the first year-over-year decline for the yellow metal since 1997 — and many expect the trend to…