GO
Loading...

Enter multiple symbols separated by commas

Metals and Mining

More

  • Argonaut Gold misses 1Q profit forecasts Tuesday, 5 May 2015 | 9:33 AM ET

    Toronto _ Argonaut Gold Inc. on Tuesday reported first-quarter net income of $1.4 million. The Toronto- based company said it had profit of 1 cent per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

  • All the metals on the London Metal Exchange saw a wave of buying, which pushed nickel to a six-week high, as the London market reopened after a UK public holiday on Monday. Base metals seem to be following the herd, "said Richard Fu, director of Asian Commodities Trading for Societe Generale Newedge in London. "The fundamentals in zinc are good," said Nic Brown, head of...

  • SYDNEY, May 5- Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia trimmed its cash rate a quarter point to a fresh all time trough of 2.0...

  • SYDNEY, May 5- Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia trimmed its cash rate a quarter point to a fresh all time trough of 2.0...

  • NEW YORK— Holcim and Lafarge have agreed to sell cement plants, distribution terminals and other assets in order to complete their merger, which will make the world's largest cement company. In order to gain FTC backing for the deal, Lafarge will sell its Continental Cement business along with a cement plant, a quarry and some distribution assets, while Holcim...

  • BRASILIA, May 4- Industrial output in Brazil probably fell in March for a second straight month on falling auto and steel production, increasing expectations that Latin America's largest economy will tumble into a recession. Brazil's economy, hurt by a combination of high inflation, rising interest rates and tighter government spending, is expected to shrink...

  • DAR ES SALAAM, May 4- Nigeria's Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa's leading cement producer eyes new markets on the continent. A $500 million factory it is building in southern Tanzania, with an annual capacity of 3 million tonnes, will double the country's annual output of cement to 6 million tonnes.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, May 4- It's time for a reality check all round in the iron ore market. Iron ore ended last week at $56.20 a tonne, having retreated from the $59.20 reached on April 27, leaving the steel-making ingredient down 21 percent so far this year.

  • Stay clear of base metal stocks: Analyst   Monday, 4 May 2015 | 1:30 AM ET
    Stay clear of base metal stocks: Analyst

    Gaurav Sodhi, resource analyst of Intelligent Investor, warns investors to steer clear of base metal stocks, saying prices are artificially high.

  • A slight recovery in sight for commodities?   Sunday, 3 May 2015 | 10:45 PM ET
    A slight recovery in sight for commodities?

    After overshooting on the downside, commodity prices will likely consolidate and rise slightly this quarter, with copper being the first to recover, says Andrew Su, CEO of Compass Global Markets.

  • MELBOURNE, May 4- Shanghai copper rallied three percent on Monday as markets reopened after a long weekend, with traders banking on further supportive steps from China to shore up consumer demand. *The most-traded July copper contract on the Shanghai Futures Exchange climbed by 2.8 percent to 45,320 yuan a tonne by 0121 GMT. LME copper chalked up more than 6...

  • Commodities are entering a 'sweet spot': ANZ   Sunday, 3 May 2015 | 7:44 PM ET
    Commodities are entering a 'sweet spot': ANZ

    Daniel Hynes, commodity strategist at ANZ Research, attributes a rise in investor appetite for commodities to factors like a weaker U.S. dollar and easing moves from China.

  • The current coal contract for the San Juan Generating Station expires in 2017. That, along with uncertainty about the plant's ownership, have been sticking points as New Mexico regulators consider plans for closing part of San Juan and shifting to other sources of electricity. "Securing these two agreements provides clear evidence of our ability to execute...

  • LONDON, May 1- Copper rose on Friday to its highest since December due to seasonally strong demand and expectations of further economic stimulus measures from top consumer China. Three-month lead on the London Metal Exchange was at $2,120 at 1426 GMT from $2,110 at Thursday's close. Copper hit $6,392, its highest since last December.

  • Olympic Steel tops 1Q revenue forecasts Friday, 1 May 2015 | 6:39 AM ET

    HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Friday reported first-quarter earnings of $1.1 million. Three analysts surveyed by Zacks expected $342.6 million. Olympic Steel shares have declined 38 percent since the beginning of the year.

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • Eldorado Gold reports 1Q loss Thursday, 30 Apr 2015 | 8:01 PM ET

    Vancouver, British Columbia _ Eldorado Gold Corp. on Thursday reported a loss of $7.8 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Eldorado Gold shares have dropped 15 percent since the beginning of the year.

  • Canadian Oil Sands posts loss, says cost cut paying off Thursday, 30 Apr 2015 | 4:50 PM ET

    CALGARY, Alberta, April 30- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada Ltd joint venture, said on Thursday it swung to a loss in the first quarter as oil prices dropped by more than half. The other Syncrude partners are Imperial Oil Ltd; Mocal Energy; Murphy Oil Corp; Nexen, a wholly owned subsidiary of China's CNOOC Ltd; Sinopec and Suncor...

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it could reduce forecasted iron ore production by up to 30 million tonnes over the next two years, as the miner tries to resuscitate margins in the midst of a severe price slump. In a major strategy shift following Vale's third quarterly loss in a row, executives said they would focus on improving margins...

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it expects to replace some old higher-cost iron ore production as new capacity comes on stream, the clearest sign yet the miner could cut future output forecasts due to weak prices. Any move to curb output growth by the world's largest producer of iron ore will be closely watched by a market currently in...