GOLD PRICE ESTIMATE FOR 2009 RAISED TO $1,250 FROM $850 ON “UNCHANGED CPI” REPORT PAVING WAY TO ANOTHER SHORT-TERM INTEREST RATE CUT TO 2% FROM 3% FROM 5.25% IN MID-2007 3/17/2008
INTERNATIONAL PAPER (IP $28.77, rating raised to Overweight from NEUTRAL) IP AGREES TO BUY WEYERHAEUSER CONTAINER BOARD, PACKAGING, AND RECYCLING BUSINESS FOR $6 BILLION.
WORTHINGTON INDUSTRIES (WOR $16.96, rated OVERWEIGHT) STRONG VOLUMES PACE FEBRUARY QUARTER 3/23/2008
AVERAGE NONFERROUS PRICE FELL 11% LAST WEEK AS COPPER AND GOLD FELL LEAST AND SILVER, LEAD AND NICKEL FELL MOST 3/23/2008
AVERAGE NONFERROUS PRICE FELL 11% LAST WEEK AS COPPER AND GOLD FELL LEAST AND SILVER, LEAD AND NICKEL FELL MOST 3/23/2008
COMMENTS TO OUR METALS CONFERENCE MARCH 27, 2008 3/26/2008
HIGHLIGHTS OF OUR MARCH 27, 2008 METALS CONFERENCE 3/1/2008
FREEPORT-McMORAN COPPER AND GOLD (FCX $96.60, RATED OVERWEIGHT) PRICE TARGET RAISED TO $150 FROM $125 DUE TO HIGHER PRICES; IN NO-WIN SITUTATION IN CONGO; IMPLICATIONS SUGGEST A HIGHER COPPER AND COBALT PRICES AS SUPPLIES DELAYED 3/30/2008
SKYE RESOURCES (SKR.TO C$7.90, rated OVERWEIGHT) “LONG SHOT” OR “HAIL MARY” $4-$5 EPS SCENARIO IN WHICH NO MORE SHARES ARE ISSUED, DIRECT SHIPPING ORE PRECEDES ELECTRIC FURNACES, SKYE SELLS A 10% STAKE TO A STEELMAKER AND RETAINS A STEELMAKER TO …
CONTAINERBOARD INDUSTRY—HIGHER LONG TERM OCC COSTS BENEFIT PRODUCERS WITH LARGEST “VIRGIN” TIMBER FEEDSTOCKS 1/7/2011