Metals and Mining Diversified Metals and Mining

  • TORONTO, Dec 9- Canada's main stock index barely extended a 19- month high on Friday, jumping 1.7 percent over the week, as heavyweight energy and bank stocks gained with rising oil prices and bond yields while mining losses eclipsed broad gains. Diversified miner Teck Resources Ltd fell 6.9 percent to C $29.37. "I think the materials have run way too far too fast and...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain in morning trade on Friday as miners rose with gold and financial stocks pulled back at the end of a busy week of earnings. Energy stocks also moved lower after notching sharp gains earlier in the week as an OPEC deal to curtail production sent crude prices soaring, with Suncor Energy Inc down 0.8 percent...

  • TORONTO, Nov 23- Freeport-McMoRan Inc, the world's largest publicly listed copper producer, said on Wednesday it raised $1.5 billion in an equity offering, completing its plan to reduce debt with proceeds from asset sales and new equity. Freeport, which has sold mining and energy assets in deals worth $6.6 billion this year, said it can now meet its debt reduction...

  • LONDON, Nov 23- Copper fell on Wednesday, snapping two days of gains on concerns that the recent price rally sparked by U.S. president-elect Donald Trump's stated commitment to higher infrastructure spending had become overstretched. However, it failed to sustain a push above $6,000 a tonne. Three-month copper on the London Metal Exchange was untraded in...

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...

  • TORONTO, Nov 18- Canada's main stock index was little changed in morning trade on Friday, pausing after a sharp rise this week, as gains for energy stocks were somewhat offset by losses among miners. The Toronto Stock Exchange's S&P/TSX composite index was on track for a 1.9 percent gain on the week. At 10:24 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite...

  • TORONTO, Nov 16- Canada's main stock index fell on Wednesday as a dip in commodity prices and long-dated bond yields weighed on resource and financials stocks, offsetting gains for the consumer staples group. Cyclical stocks, such as diversified miner Teck Resources Ltd, had been cheap at the beginning of the year and had already started to move up before last...

  • LONDON, Nov 9- Mining companies led gains on London's FTSE bluechip index on Wednesday as Republican Donald Trump's victory in the U.S. presidential election spurred hopes for higher metal demand and drove investors to buy gold as a shelter against economic uncertainty. The FTSE mining index rose around 5 percent to its highest level since May 2015 led by gold...

  • The Arkyd 100 (A100) small satellite used by Planetary Resources to gather compositional data of asteroids during prospecting missions.

    Space mining is a reality, so governments must collaborate to advance humanity, according to one scientist

  • Fortescue PKG

    Fortescue Metals Group's Nev Power expects iron ore and steel demand to remain strong as China undergoes the urbanization process.

  • MELBOURNE, Oct 26- Shanghai aluminum jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong. Shanghai Futures Exchange aluminum was trading up 4.2...

  • MELBOURNE, Oct 26- Shanghai aluminium jumped 4 percent to its highest in more than two years on Wednesday, tracking higher coal prices, and a broader reaction to China's steel capacity cuts, along with an improving outlook for the global economy. said analyst Helen Lau of Argonaut Securities in Hong Kong. Shanghai Futures Exchange aluminium was trading up 4.2...

  • MELBOURNE, Oct 26- Shanghai aluminum jumped 4 percent to its highest in more than two years on Wednesday, tracking a surge in prices for coal and part of a broader reaction by metals to China's steel capacity cuts and a gradually improving outlook for the global economy. *Shanghai Futures Exchange aluminum was trading up 4 percent at 13,580 yuan a tonne by 0105 GMT,...

  • LONDON, Oct 25- European shares turned lower after a strongly start on Tuesday, with Germany's DAX briefly touching a new peak for 2016, after sentiment was knocked by mixed earnings on Wall Street and in Europe. Germany's DAX ended flat after earlier touching a new peak for 2016 of 10,827.72 points. The German stock market outperformed after Ifo data showed that...

  • The world's biggest publicly listed copper producer, which had a debt of $19 billion as of Sept. 30, unveiled in July a $1.5 billion share issue to help cut its debt and shift focus from its high-profile asset sales plan. Phoenix- based Freeport, which is under pressure from activist investor Carl Icahn, also cut a quarter of jobs in its oil and gas business in April and...

  • LONDON, Oct 25- European shares rose on Tuesday, with Germany's DAX briefly touching a new peak for 2016, as gains in major mining companies and solid corporate results at leading blue-chip firms buoyed markets. The pan-European STOXX 600 index was up by 0.3 percent, while Germany's DAX rose 0.6 percent to touch a new peak for 2016 of 10,827.72 points.

  • Lithium project still on track: Pilbara

    Ken Brinsden, MD & CEO at Pilbara Minerals talks about the Australian miner's Pilgangoora lithium project and the future of the lithium ion battery.

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday cut its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter production data, citing shipping interruptions. The downward revision- equivalent to as much as $290 million at current ore prices- comes as the steelmaking commodity stages a recovery on the back of a...

  • *China industrial output 6.1 pct versus 6.4 pct. Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth...