Metals and Mining Diversified Metals and Mining


  • Metal fatigue: More downgrades eyed Monday, 23 Nov 2015 | 9:20 AM ET

    Metal prices crumbled on Monday thanks to a toxic combination of the prospect of poor Chinese demand and a stronger U.S. dollar.

  • Nearly 100 bodies pulled from landslide in Myanmar Sunday, 22 Nov 2015 | 10:50 PM ET
    A jade mine in Hpakant, Myanmar's Kachin State.

    Nearly 100 bodies have been pulled from a landslide near a jade mine in Myanmar's northern Kachin State.

  • *Moment of silence with Greenpeace over Brazil disaster. "Through thick and thin, through good times and bad times, this company has been quite strong," Chairman Jacques Nasser told shareholders at the company's annual meeting in Australia. UBS is forecasting a near 50 percent fall in BHP's net earnings to $3.3 billion in 2015/ 16, about half the $6.49 billion the...

  • LAUNCESTON, Australia, Nov 16-- Let's assume that you are a somewhat contrarian investor and take the view that the recent slump to fresh lows in commodity prices, and the share prices of producers, is a sign that a turnaround is coming in 2016.. BHP Billiton, the world's largest diversified miner, reached its lowest since the 2008 financial crisis in Sydney trading...

  • Goldman: Only China can save metals Friday, 13 Nov 2015 | 3:33 AM ET
    Copper wire. The commodity was trading at five-year lows Wednesday.

    If China's old economy doesn't find its footing, metals demand could take another hit, Goldman Sachs said.

  • The huge machines that may mine the seafloor Wednesday, 11 Nov 2015 | 3:52 PM ET
    The collecting machine will draw ground up rock from the surface into the pumps that carry it up to the ship.

    Nautilus Minerals just debuted the equipment that may make it the first company to seriously mine the ocean floor.

  • Steel demand ‘evaporating at unprecedented speed’ Wednesday, 28 Oct 2015 | 10:23 AM ET

    The steel industry's dire straits are in the spotlight this week, with both China and the U.K. warning about the hit from the dramatic slump in demand.

  • How to play the commodities sector Thursday, 22 Oct 2015 | 3:00 AM ET
    How to play the commodities sector

    Jessica Ground, U.K. equities fund manager at Schroders, says investors need to pay attention to which commodities are being extraced by which mining companies if they want to turn a profit.

  • Does this signal an upside for commodities? Friday, 16 Oct 2015 | 9:01 AM ET
    Iron ore being transported in Western Australia

    Some investors are taking a boost for iron ore as a sign that conditions for the commodity market might be looking up.

  • Glencore plan '100%' feasible: Rusal president Thursday, 15 Oct 2015 | 1:20 AM ET
    We are doing best out of our peers: Rusal president

    Oleg Deripaska, president of Rusal, says that Glencore's plan to slice its debt pile by over $10 billion is "100 percent" feasible.

  • Russian diamond boss warns of fake gem trend Wednesday, 14 Oct 2015 | 8:39 AM ET
    An uncut diamond is selected from a collection of colorless and colored diamonds on a sorting table at DTC Botswana, a unit of De Beers, in Gaborone, Botswana,

    President of major Russian diamond mining group Alrosa has warned of the growing number of "synthetic" or altered diamonds entering the jewelry market.

  • Can commodity prices recover? Friday, 9 Oct 2015 | 2:00 AM ET
    Can commodity prices recover?

    David Stubbs, global markets strategist at JPMorgan Asset Management, says unless there's a major supply disruption then the imbalance between supply and demand in the commodities market is unlikely to change.

  • Glencore trys to reassure by revealing finance plans Tuesday, 6 Oct 2015 | 11:39 AM ET
    An employee walks past coal washing flotation cells, manufactured by Jameson Cells, a unit of Glencore Xstrata

    In a bid to ease market fears about its debt levels, Glencore revealed details of its financing plans in a published statement Tuesday.

  • Glencore urges rivals to shut lossmaking mines Tuesday, 6 Oct 2015 | 12:08 AM ET
    Ivan Glasenberg, billionaire and chief executive officer of Glencore Plc, arrives to attend the Africa Summit in London, U.K., on Monday, Oct. 5, 2015. Glencore Plc surged in London, following gains in Hong Kong trading as concerns around the company's stability eased after reports that it's talking to potential buyers for its agriculture business.

    Glencore CEO Ivan Glasenberg urged rivals to shut unprofitable mines and blamed hedge funds for lower commodity prices, the FT reports.

  • *AngloGold Ashanti drops to 38 on Top-40 index. JOHANNESBURG, Oct 5- The Johannesburg stock market, the capitalist heart of South Africa's' City of Gold', is close to relegating the last bullion producer in its bluechip index, the latest sign of the precious metal losing its place in an economy it once dominated. In its latest quarterly review of stocks on its...

  • How Glencore is fighting its tailspin Friday, 2 Oct 2015 | 10:50 AM ET
    How Glencore is fighting its tailspin

    CNBC's Kate Kelly details Glencore's attempt to stop the bleeding and potentially cut its debt by $10 billion.

  • Silver-coin shortage shows upside of metal collapse Thursday, 1 Oct 2015 | 3:48 AM ET

    The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime.

  • Glencore surges 17% after Wall Street support Tuesday, 29 Sep 2015 | 9:39 AM ET
    An employee walks past coal washing flotation cells, manufactured by Jameson Cells, a unit of Glencore Xstrata

    Glencore's downward spiral was halted Tuesday, as its stocks rebounded by as much as 20 percent after a host of brokers came out in support of the group.

  • Forget 'being bearish' on commodities: Gartman Monday, 28 Sep 2015 | 3:18 PM ET
    A trader works the pits at NYMEX in New York.

    One famed analyst says this might be the perfect time for commodities investors to pounce.

  • Glencore tanks another 29%: Who's next? Monday, 28 Sep 2015 | 8:10 AM ET

    Glencore saw its shares slip another 29 percent Monday with analysts stressing that the weakness is likely to be felt across the entire sector.