SPOTMARKETS CHINA’S TARGET OF A 4.48% CUT IN 2H2010 ENERGY USE PER UNIT GDP LIMITS STEEL, ALUMINUM, NICKEL PIG IRON, CHROME, ETC. WITH BENEFITS TO LME NICKEL AND PENALTY TO IRON ORE PRICES 9/19/2010
SPOTMARKETS GOLD PRICE RECORD WHILE COPPER MAKES A TWO YEAR AND SILVER A 30 YEAR PRICE HIGH WITH “QUANTITATIVE EASING” 9/27/2010
TECK (TCK $41.16, rated OVERWEIGHT WITH $95 TARGET) PROJECT QUEUES DETAILED REVIEW; DCF VALUES UP ASTRONOMICALLY WITH 5.87% BOND 9/30/2010
WORTHINGTON INDUSTRIES (WOR $15.03, Overweight with $24 target) BUYS BACK 6.5% OF COMMON OR 5.25 MM SHARES @ $14.27; ESTIMATES RAISED 9/30/2010
COPPER INDUSTRY – – DEMAND SURGE PLUS SCRAP DECLINES CREATE “NEAR SHORTAGE” TO BLUNT MINE OUTPUT GAINS AND STRONG DOLLAR 7/7/2016
ROYAL GOLD’S MT MILLIGAN METALS GOLD STREAM RESTRUCTURED BY CENTERRA GOLD; HIGHER GOLD PRICES AND VALUATION METRICS 7/7/2016
SPOT MARKETS — INVENTORIES FALLING FAST ONCE AGAIN AS DEMAND RISING AND STRONG DOLLAR AND LOW PRICES GRIND DOWN SUPPLY 7/5/2016
HUDBAY MINERALS (HBMFF $14.39, rated Overweight with $22 target) COVERAGE INITIATED WITH AN OVERWEIGHT RATING IN EXPECTATION OF CORPORATE RESTRUCTURING AND HIGHER COPPER PRICES 10/1/2010
SPOTMARKETS COPPER AND PRECIOUS METALS SURGE, BUT OTHER INDUSTRIALS SHOW SIGNS OF SURPLUSES 10/4/2010
BHP BILLITON (BHP $79.78, cut to Neutral from OVERWEIGHT, $76 down from $89 Target per ADS) STRONGER A$ AND OTHER COSTS POSE INCREASING RISKS OF EARNINGS SHORTFALLS, AND HIGHER SHARE PRICE OFFERS AN EXIT 10/8/2010