TOKYO, July 27- Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent. The report highlighted Itochu's investments in a Colombian coal mining joint venture and China's CITIC Ltd, arguing that the... » Read More
Leyland Private AM's Alex Leyland says BHP Billiton's stock is down nearly 3 percent mostly because of the weakness in the broader sector.
Tribeca Investment Partners' Sean Fenton says the major commodity producers have been prioritizing keeping costs and capital expenditure low.
*Philippines says to suspend two nickel mines in crackdown. LONDON, July 7- Copper slid to the lowest in over a week on Thursday as the dollar strengthened, oil prices fell and investors continued to be unsettled about the aftermath of the UK's vote to leave the European Union. Industrial metals saw broad-based losses, including in nickel, despite news the...
Paul Gait, senior research analyst at Sanford Bernstein, discusses mining stocks. The U.K. mining index is up over 60 percent in the last six months.
Silver prices hit a two-year high above $21 per ounce on Monday, as precious metals continue to gain from the safe-haven rally following the U.K. referendum.
TORONTO, June 6- Canada's main stock index rose to a more than nine-month high on Monday as commodity price gains helped boost the index's heavyweight energy sector and base metal miners, although gold miners pulled back after last week's rally. The most influential gainers included Suncor Energy Inc, which rose 1.1 percent to C $35.99, and Enbridge Inc, up 1.1...
TORONTO, June 3- Canada's main stock index gained on Friday as gold miners jumped with the precious metal after weak U.S. jobs data hurt the U.S. dollar, offsetting losses for financial stocks and some energy companies. Barrick Gold Corp jumped 11.6 percent to C $24.81, Goldcorp Inc gained 6.4 percent to C $23.65, and Kinross Gold rose 13.4 percent to C $6.45.
Goldman Sachs warned on Friday that benchmark iron ore prices could slump further due to a growing supply surplus.
Cliffs Natural Resources chairman, president & CEO, Lourenço Gonçalves, explains why it's time to take action on the glut in the steel market.
China's "steel dumping" has antagonized Europe and the U.S., but a senior figure at one giant mining company prefers to encourage the country's still-high demand for metals.
While it’s been a “dreadful” time to invest in the miners recently, there are signs that we’re reaching a bottom, says Giles Keating, Credit Suisse deputy global CIO.
Thyssenkrupp cut its full-year forecasts on a drop in prices for materials including steel that it said were sharper than it had expected.
*Europe stocks led lower by miners, Asia closes lower. NEW YORK, May 4- Global equity markets fell for a second straight day on Wednesday on mostly weak economic data while metals prices slipped on renewed concerns of a downturn in global growth. In Europe, surveys indicated that growth in the euro zone will be slow but steady, underscoring concerns about the...
LONDON, April 21- Anglo American Plc reported lower first-quarter production across most of its mining businesses on Thursday ahead of its annual meeting, where shareholders have been urged reject CEO Mark Cutifani's pay. Last week, a big percentage of shareholders in BP voted against chief executive Bob Dudley's $20 million pay deal for 2015..
New data has shone a light on the potential pitfalls for investors who are seeking sizeable returns from the metal lithium.
TORONTO, April 12- Canada's main stock index notched its biggest jump in more than five weeks on Tuesday, bouncing higher as a spike in the price of oil boosted energy stocks and supported financials. The overall energy group surged 5.2 percent as oil prices hit four-month highs after a report that Russia and Saudi Arabia agreed to freeze output ahead of a meeting...
*Greybull deal saves more than 4,400 jobs in UK, 400 in France. As Tata formally announced the sale of its steel assets in Britain, turnaround specialist Greybull Capital LLP said it would buy the Indian company's Long Products Europe division in Scunthorpe, northern England, which employs 4,400. It declined to rule out further purchases of Tata's British steel...
*Greybull deal saves more than 4,000 jobs. Greybull said it would buy Tata's Long Products Europe division in Scunthorpe, northern England, which employs 4,400, while the process to secure a buyer to save the Indian steelmaker's other major plant at Port Talbot in Wales also kicked off on Monday. Greybull said it was arranging a 400 million pound investment and...
Nick Clarke, CEO of Central Asia Metals, shares his outlook for the mining sector and the uncertainty around copper prices and oversupply.
Chinese exports are a factor in the European steel industry's downturn, according to Alessandro Abate, head of metals & mining at Berenberg.