Can investors still make money investing in the beaten-up US coal sector?
Articles Tagged "China"
Lackluster uranium spot market activity over the past few months is leading impatient investors to wonder if 2013 will truly be uranium's comeback year.
Mining Weekly reported that Australian lithium miner, Talison Lithium, announced that it has already been granted an Australian federal approval to proceed with the takeover deal by Chengdu Tianqi Industry Group for C$848 million.
Bloomberg reported that the trade deficit in the United States widened and the gap grew by 16.5% as demand for crude oil import rebounded.
Can import-hungry India pass China as the world's largest coal consumer?
Reuters reported that Chinese oil company, CNOOC Ltd, which took over Canada’s Nexen Inc, has given the Canadian unit’s CEO freedom to run operations.
North American investors believe that the future of the market lies out east, and will be closely watching studies aimed at investigating China's unconventional resource development.
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
Reuters reported that Rosneft is planning to loan up to $30 billion from China in exchange for significantly higher oil supplies, which could make Beijing the biggest consumer of Russian oil.
The BBC reported that the United States has approved CNOOC's (NYSE:CEO,HKEX:0883) acquisition of Canada's Nexen (NYSE:NXY,TSX:NXY). The deal has already been okayed by Canadian authorities, so approval from the US means that the path for the sale is now clear.