"We store significant amounts of commodities, for instance silver, on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market," said Blythe Masters.

Times Dispatch reports that Virginia Gov. Bob McDonnell is not taking a position on whether a 30-year-old ban on uranium mining should be lifted.

Domestic rare earth supplies will meet the U.S. defense industry’s needs by 2013 for the materials that go into military motors and electronics, according to a Pentagon report sent to Congress.

Cyprus Mail reports the world's oldest producing copper mine has passed 50,000 tonnes of the red metal.

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Felix Salmon, uber-blogger and columnist at Reuters, takes on the Economist's Matthew Bishop, author of In Gold We Trust?, on gold's value versus currencies, bonds and stocks.

"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that captivated the City in the 1960s and ended in the Poseidon crash, to the Hunt brothers’ cornering of the silver market in 1980."

Recent potash contract placements by some of the world’s largest buyers have raised hopes of a resurgence in the fortunes of potash companies and their investors.

BC Iron's Nullagine mine in Australia will produce another 18 months thanks to an updated mineral resource at it Bonnie East deposit.