ALUMINUM INVENTORIES FALL AND COPPER INVENTORIES RISE IN A TREND REVERSAL 6/8/2009
ALUMINUM INVENTORIES FALL AND COPPER INVENTORIES RISE IN A TREND REVERSAL 6/8/2009
ALUMINUM INVENTORIES FALL AND COPPER INVENTORIES RISE IN A TREND REVERSAL 6/8/2009
STOCK MARKET, CHINESE BUYS AND EXPECTATIONS SUPPORT MARKETS 5/10/2009
THOMPSON CREEK METALS (TC $7.22, Rated Overweight, Target Price $8) ACHIEVES VERY LOW COSTS WITH LOWER STRIPPING 5/8/2009
LOUISIANA-PACIFIC (LPX $4.26, rated Underweight, price target NIL) LPX’S REFINANCING BUYS TIME AND LOWER VOLUMES PROVIDE CHALLENGES 5/7/2009
WEYERHAEUSER (WY $36.09, Underweight) WY REPORTS POOR FIRST QUARTER EARNINGS; OUTLOOK WORSENS DESPITE ALTERNATIVE FUEL CREDITS 5/7/2009
ALLEGHENY TECHNOLOGIES (ATI $38.06, rated Overweight, Price Target Cut to $50 from $72) LOSS AVOIDANCE A PLUS AND OVERWEIGHT RATING MAINTAINED, BUT EARNINGS MUCH LESS THAN PRIOR EXPECTATIONS 5/7/2009
INTERNATIONAL PAPER (IP $13.99, Overweight) ALTERNATIVE FUEL CREDITS, COST DECLINES AND BETTER THAN EXPECTED MARGINS LEAD TO ACCELERATED DEBT REPAYMENT 5/6/2009
MERCATOR MINERALS (MLKKF US$1.616 or ML.TO C$1.91, rated Overweight, Target $7) MAY 1ST SITE VISIT FEEDBACK STRESSES PROCESS PLANT FINE-TUNING AND GRADUAL, NOT RUSHED, EXPANSION 5/5/2009
FREEPORT-McMORAN COPPER AND GOLD (FCX $44.48, rated UNDERWEIGHT, Target $53); HEDGING OF PROVISIONALLY-PRICED QUANTITIES OF COPPER MAY LIMIT NEAR-TERM UPSIDE FOR COPPER PRICES 5/4/2009
MEADWESTVACO (MWV $17.17 downgraded to Neutral from Overweight) ALTERNATIVE FUEL CREDIT POTENTIAL EXPIRATION, DECLINING MARGINS AND SOFT SALES 5/5/2009