*Copper firms Luvata, KME say LME plan shows intent to improve system. "We believe with regards LME warehousing there is clear willingness and clear intent to improve the situation so today we are less worried," John Peter Leesi, chief executive of copper products maker Luvata, told Reuters ahead of the LME Week industry gathering in London.» Read More
*Amcor to focus on core global plastics business. SYDNEY, Aug 1- Australia's Amcor Ltd said it plans to list its glass and beverage can packaging unit, a business valued at around $1.8 billion, so that it can better focus on its core global business of plastics packaging. Amcor will also retain cigarette packaging, a big growth market in eastern Europe and Asia.» Read More
As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs. The FT reports.
Indonesian Trade Minister Gita Wirjawan told CNBC on Tuesday that Southeast Asia's largest economy was not adopting protectionist policies and was only following in the footsteps of other developed countries.
India's Tata Steel, the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
China's steelmakers have racked up $400 billion in debt, which some may struggle to repay, making them a potential drag on a banking sector already facing rising bad loans from the property sector and local governments.
Wendell Weeks, Corning CEO demonstrates the strength of its Gorilla Glass 2, which is 20% thinner than the original product, and discusses how it could generate profits for Corning. Also, the Fast Money traders weigh in with the play on the stock.
Will the glassmaker cash in on high LCD television and tablet demand this holiday season? Jim Flaws, Corning CFO, discusses.
The industry is at a unique point in history, where economic growth overseas, high energy costs, demand for commodities and better recovery technologies have converged to swell revenue.
With commodities prices high and global supply low, analysts are bullish on this ugly-duckling business.