Class ring makers join boycott of gold from proposed Alaska mine, citing threat to salmonSeptember 30th, 2009 Class ring makers join boycott against Alaska mineANCHORAGE, Alaska — The growing list of jewelers vowing to boycott gold from a proposed Alaska mine now includes major manufacturers of class rings. Herff Jones and Commemorative Brands Inc., both of which make class rings, have joined the list of jewelers opposed to the proposed Pebble Mine in southwest Alaska.
Auto parts suppliers ask Obama to find new ways to help ailing their sectorAugust 27th, 2009 Auto parts suppliers ask Obama for more helpWASHINGTON — An auto parts industry association is asking President Barack Obama to consider new ways to help the industry, which is facing a spike in bankruptcies due to the woes of U.S. automakers. In a letter to the White House Wednesday, the Motor & Equipment Manufacturers Association wrote that there was "insufficient capital" available for parts suppliers to rehire workers and acquire raw materials for a possible increase in vehicle production later this year.
Gold, silver buoyed by weaker dollar; Oil prices fall sharply after recent surgeAugust 25th, 2009 Metals mixed as dollar falls; Oil drops sharplyNEW YORK — A weaker dollar helped lift gold and other precious metals Tuesday, but industrial metals and oil prices slumped. Gold for December delivery rose $2.30 to $946 an ounce on the New York Mercantile Exchange, recouping some of the previous day's losses as the dollar dipped against other currencies.
Stillwater Mining says meeting fails to persuade GM to resume precious metals contractAugust 19th, 2009 Stillwater: GM not reconsidering metals contractCOLUMBUS, Mont. — Stillwater Mining Co.
Mont. governor says General Motors will return to bargaining table with Stillwater Mining Co.August 6th, 2009 Mont. governor says GM-Stillwater talks to resumeBILLINGS, Mont. — General Motors Co.
Congressman wants hearing on GM's cancellation of metals contract with Montana mining companyJuly 28th, 2009 Mont. lawmaker seeks hearing on GM mining contractBILLINGS, Mont. — A Montana congressman wants a hearing into General Motors Co.'s continued use of foreign precious metals suppliers after canceling a contract with a Montana company.
Judge says GM can drop Montana mine in favor of foreign suppliers for precious metalsJuly 22nd, 2009 Judge OKs GM's move to drop Montana mine contractBILLINGS, Mont. — A federal bankruptcy judge granted General Motors Co.
Stillwater Mining asks court to enforce GM precious metals contractJuly 17th, 2009 Stillwater wants court to enforce GM contractBILLINGS, Mont. — Stillwater Mining Co.
Montana gov blasts General Motors' plan to get platinum for catalytic converters from overseasJuly 10th, 2009 Montana gov blasts GM mine contract cancellationBILLINGS, Mont. — Gov. Brian Schweitzer is calling on the Obama administration to force General Motors to honor its contract with a Montana mining company instead of going overseas to buy the precious metals used to control vehicle pollution.
Precious metals slightly lower amid early gains in dollar against euro; oil jumpsJune 29th, 2009 Precious metals slip, oil ralliesNEW YORK — Precious metals finished a choppy session slightly lower Monday as the dollar showed some early strength against the euro. Energy prices climbed after a militant attack on an oil platform in Nigeria, Africa's biggest crude producer.
Auto suppliers to request $8-$10B loan guarantees as companies struggle with falling revenueJune 10th, 2009 Auto suppliers to seek $8-$10B in loan guaranteesNEW YORK — Struggling automotive parts suppliers plan to ask the U.S. Treasury Department for $8 billion to $10 billion in loan guarantees to help support their operations.
GM bankruptcy closely watched by provider of precious metals for cars Stillwater MiningJune 2nd, 2009 GM bankruptcy watched by Stillwater MiningBILLINGS, Mont. — An official at Stillwater Mining Co., which sells platinum and palladium for use in automobiles' catalytic converters, says the company is monitoring the General Motors bankruptcy to see if Stillwater-GM contracts will be honored.
Japan minister says government may help suppliers if GM files for bankruptcyMay 29th, 2009 Japan mulls General Motors fallout measuresTOKYO — Japan will consider assistance for autoparts suppliers if they are seriously hurt by fallout from General Motors Corp.'s likely bankruptcy, the industry minister said Friday. Toshihiro Nikai, minister of economy, trade and industry, said he was closely monitoring how Japanese manufacturers may be affected if General Motors collapses.
Auto suppliers want Congress, Obama to protect supply base amid summer factory shutdownsMay 9th, 2009 Auto suppliers urge lawmakers to protect baseWASHINGTON — Auto suppliers say the auto industry's supply base could be threatened by factory shutdowns by General Motors and Chrysler. In a letter to congressional offices on Friday, the Motor & Equipment Manufacturers Association said the supplier industry is in crisis and during the shutdowns many suppliers will have no choice but to permanently close their facilities this summer.
Dollar and precious metals at a glanceApril 23rd, 2009 Dollar and precious metals at a glanceNEW YORK — Key currency exchange rates Monday, compared with late Friday in New York:
Dollar vs:ExchangeRatePvsDayYen89.8489.84Euro$1.4776$1.4709Pound$1.5786$1.5835Swiss franc1.02711.0322Canadian dollar1.03571.0441Mexican peso13.221013.2640
MetalPrice(troyoz.)PvsDayNY Merc Gold$1056.70$1047.80NY HSBC Bank US$1056.00$1047.00NY Merc Silver$17.805$17.675
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