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Mining Industry



Mining Industry >  > Alcoa Inc., Thompson Creek Metals Inc. on the move View modes: 
  • Alcoa Inc., Thompson Creek Metals Inc. on the move

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    Alcoa Inc., earlier this week announced their earnings where it met the streets expectations:

    http://www.fool.com/investing/general/2014/04/10/alcoa-incs-results-are-good-news-for-boeing-and-jo.aspx

    Another company worth looking at today is Thompson Creek Metals Inc. (TCM), where the stock was up 20% midday on Friday 11 April.  The entire steel and mining industry in Canada is starting to see increased production and sales in Q1 of 2014.

    The price of various metals has been on the rise over the last month or so:


    Aluminum up 6%
    Nickel up 16%
    Molybdenum up 20%
    Copper is basing over $3.00/lb

    Small Junior mining companies could start to move up in price if the trend continues.  It won't take long for a few large investors to start buying up low priced stock which could generate a rally in the following weeks/months.




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