With market up, Thompson Creek to boost moly output by 10%
Thompson Creek Metals Co. Inc. said yesterday it now expects production and sales of molybdenum from its own mines will be in a range of 22 million to 26 million pounds in 2009, up from previous guidance of 20 million to 24 million pounds. “In response to the recent improvements in the molybdenum market, the [...]
Gold demand surges as investors turn to wealth preservation
Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in 1Q09, seeking out its proven wealth preservation qualities. Total demand for gold in the quarter rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to $29.7 billion. According to figures published today [...]
Some copper producers again taking advantage of hedging
When time were good — we’re talking as recently as the middle of 2008 — and copper was near $4 a pound, producers didn’t have an interest in hedging, sort of like gold producers today. Now, however, some are starting to take advantage of even small up-blips in the market, or slides in their local [...]
Bronze alchemy helped unite, elevate kingdoms, exhibit shows
By the Copper Development Association Ten parts copper, one part tin. It sounds like a simple equation, but the discovery of this formula—the essential proportions of bronze metal — set in motion world-changing events, forever altering life on our planet by ushering in the modern era of metalworking, mechanical invention and more. The questions of [...]
U.S. nonfuel minerals production value rose again in 2008
The value of U.S. nonfuel mine production rose to $71 billion in 2008, a 2.4% increase from that of 2007, according to preliminary estimates by the USGS. Deteriorating economic conditions, however, resulted in a downward trend for minerals consumption at year-end 2008. The U.S. Geological Survey released on Feb. 9 its annual report on events, [...]
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