Anthony Young News
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Molycorp Inc., owner of the largest rare-earth deposit outside China, fell 12 percent after Dahlman Rose & Co. cut its recommendation to hold from buy following the mining company’s decision to sell bonds and stock.
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Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.
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Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries.
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Talison Lithium Ltd., the world’s largest producer of the material used to power iPads and hybrid vehicles, said it’s studying debt funding for a proposed plant in Western Australia that may cost as much $250 million.
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Zinc-processing fees may fall about 4.3 percent this year as tightening supplies of ore force smelters to offer their services to mining companies at a discount, a Bloomberg survey showed.
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A group of Indiana pension funds that hold first-lien debt of Chrysler LLC objected to a plan to auction the company’s assets and said a U.S. District Court judge should rule on whether the sale is lawful.
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Molycorp Inc., owner of the largest rare-earth deposit outside China, fell 14 percent after cutting its 2011 production forecast and posting third-quarter profit and revenue that missed analysts’ estimates.
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For all the acquisitions being struck in the mining industry, no company in North America is a cheaper takeover candidate than Cliffs Natural Resources Inc.
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Canadian stocks had their biggest decline in almost three weeks as raw-material producers dropped after Teck Resources Ltd. missed analysts’ earnings forecasts.
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Molycorp Inc. , owner of the largest rare-earth deposit outside China, said Chinese leaders have said the country may become a net importer of the minerals by 2015 as internal demand grows and it seeks to consolidate its industry.
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