Metals and Mining Diversified Metals and Mining

  • 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...

  • 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 rates are going to be softer."

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • Metal rally based on BHP's debt reduction

    Paul Renken, senior geologist and mining analyst at VSA Capital, weighs in on the business environment for international mining companies.

  • SYDNEY, Oct 19- BHP Billiton, the world's biggest diversified miner, said on Wednesday it was finally detecting indications of a commodity market turnaround, giving its most upbeat assessment in about five years. A recovery would be a particular boon for the global miner which has kept production humming through a multi-year collapse in commodities markets,...

  • BHP has 3 quarters to make it up: Analyst

    Despite missing expectations, BHP still maintained its guidance in core businesses, says Shaw and Partners' Peter O'Connor.

  • BHP output 'a bit of a miss': Expert

    BHP might have met output guidance figures but brokers were expecting more from the miner, says Alex Leyland, portfolio manager at Leyland Private AM.

  • Coal prices will be good for 'some time to come': Miner

    Coal has had a challenging past 5 years but supply-side reforms have had promising results, says Paul Flynn, CEO at Whitehaven Coal.

  • TORONTO, Oct 14- Freeport-McMoRan said on Friday it will sell onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, part of a push by the world's biggest listed copper miner to reduce its multi-billion dollar debt. Under the transaction with private energy company Sentinel Peak, Freeport said it will receive $592...

  • TORONTO, Oct 12- Canada's main stock index advanced on Wednesday for the first time in four sessions as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. "A lot of the high dividend paying stocks, like REITs and telecoms have been hurt because of fears over rising rates, and I think interest rates are...

  • TORONTO, Oct 12- Canada's main stock index modestly advanced in see-saw trading on Wednesday as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. Climate-change activists on Tuesday disrupted the flow of millions of barrels of crude from Canada to the United States in rare, coordinated action...

  • MELBOURNE, Oct 11- London copper was steady on Tuesday as optimism U.S. presidential candidate Hilary Clinton was pulling ahead in the polls fed risk-appetite on Wall Street, eclipsing concerns over the strength of Chinese metals demand. *Three-month copper on the London Metal Exchange was little changed at $4,850 a tonne by 0138 GMT, close to Monday's $4,860-...

  • TORONTO, Sept 19- Canada's main stock index rose on Monday as higher oil prices boosted the stocks of energy companies, while big banks also gained as investors bet that the U.S. The country's biggest banks were among the index's most influential gainers with Bank of Nova Scotia up 0.9 percent to C $70.56 and Toronto-Dominion Bank advancing 0.6 percent to C...