All Posts Tagged With: "RIO"
Resource Stock Roundup Wednesday August 27, 2008
The resource rich Canadian markets essentially flatlined during Tuesday trading as bank earnings took centre stage.
Base Metals Plummet, Weakness in Europe Suggests Recession is Spreading
The base metals were all in the red on Tuesday. Copper was off sharply in the pre-dawn hours, rallied during New York morning trading, but then faded again to finish at $3.4691/lb., down 9 2/3 cents.
Base Metals Mixed, BHP, Rio to Trade Numbers as They Jockey for Position
The base metals were mostly higher on Monday. Copper moved higher, finishing at $3.5657/lb., up nearly 5 cents from Friday. Nickel also gained, closing at $9.526/lb., up 15 cents. Zinc traded spottily, ending little changed at $0.819/lb. up three-quarters of a cent.
Asian Industrialisation Key for Australian Resource Sector
We are seeing mob behavior in the financial markets, says Al Robinson in The Daily Reckoning Australia. The country’s main stock exchange, the ASX, is following the Dow Jones Index on its various ups and (more frequent) downs this year.
Australian Resources Attract Global Investment Interests
Australian Federal Treasurer Wayne Swann has approved the sale of 11% of Rio Tinto (ASX:RIO) to Chinalco. The Daily Reckoning’s Dan Denning says this is just more evidence of foreign interest in Australia’s mineral deposits.
Faced with this reality, Dan says the government needs to decide whether Australia is for sale or not.
One thing for certain, as emerging giants like China and India increase their per capita income, the chase for global resources will become more intense. And Australia will be in the thick of the action…
The Australian Resource Boom Isn’t Dead Yet
There is a much big issue we have to tackle today. Alan Kohler framed it well over at the Business Spectator. He asks, “Is BHP is a proxy for the Great Australian Question of 2008: will Chinese industrialisation and urbanisation offset the coming global slowdown caused by the bursting of the credit bubble?”
4 Brazilian Firms Poised to Profit from 2 Powerful Spending Trends
Brazil is no longer just a tourist hot spot, but a solid profit play for savvy investors, too. And one of the best ways to profit from Brazil’s expected 4.8% growth in gross domestic product this year is to invest in one of the Latin American nation’s infrastructure-focused firms.
Base Metals Spin Wheels, but BHP Reports Record Profits
The base metals were mixed on Monday. Copper peaked during the pre-dawn hours, then moved steadily lower, with a small, late morning rally taking it off its lows and returning it to near break-even, with a finish at $3.3693/lb., down a quarter of a cent.
Robert Friedland: An Interview With Ivanhoe’s (ASX:IVA) Giant
Did you see the great interview with Vancouver-based mining magnate Robert Friedland in today’s Financial Review? It’s worth three dollars to read the interview (how’s that for inflation?).
Red Bear Rising Russia’s Resource Based Geopolitical Strategy
Is the Red Bear Rising again? We promised a few extra thoughts on what’s going on in the Caucasus yesterday. Here they are. Investors should take note that Russia’s Grand Geopolitical Strategy is resource based (energy and metals). This leads us to at least three insights, which could, of course, be wrong. But here they are anyway.
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