Goldcorp
Macro Picture:
Global gold production fell to a 10-year low of 2,444 metric tonnes in 2007, according to Gold Fields Mineral Service. This year, production will likely drop again. While China is producing more gold — up 12% — South Africa’s output is falling off a cliff, down 8.1%.
Gold miners [...]
From the monthly archives:
February 2008
Potash Corporation of Saskatchewan Macro Picture:
There is a dietary shift taking place in India and China. Their combined populations of 2.4 billion people are eating better. They want to eat America’s lunch. This is putting a strain on global grain supplies. Farmers want to grow as much as possible – [...]
ExxonMobil
Macro Picture
This is the year that the world starts using crude oil at a rate of more than 1,000 barrels per second. The International Energy Agency Feb. 13 forecast global oil use may gain by 1.7 million barrels a day in 2008 to 87.6 million bpd. What’s more, IEA, the [...]
