GO
Loading...

Metals and Mining

More

  • Jan 28- Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer spending of up to C $700 million, mainly by suspending a bulk of its conventional drilling in southern Alberta and Saskatchewan and delaying long-term oil sands expansion and new...

  • METALS-Copper edges higher ahead of Fed meeting Wednesday, 28 Jan 2015 | 6:12 AM ET

    *Copper down 13 percent in the year-to-date. LONDON, Jan 28- Copper rose on Wednesday, rebounding further from 5-1/ 2- year lows as the dollar eased off highs and traders took the opportunity to buy at still low prices ahead of the conclusion of a Federal Reserve meeting. Copper is still down 13 percent so far this month, extending a 20 percent loss registered over 2013...

  • *Citigroup says spot price could drop to $53 later in year. *China steel output seen slipping in 2015. SINGAPORE, Jan 28- A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed.

  • I'd rather be in copper than iron ore: Pro  Wednesday, 28 Jan 2015 | 2:45 AM ET

    Jeff Largey, head of metals and mining research at Macquarie Group, says copper has a "structurally good story."

  • Research by Morgan Stanley, published on Jan. 25, said that oil and diesel made up between 9 and 12 percent of the total production costs for bulk commodities such as coal, iron ore and bauxite, but only 3 to 5 percent for metals. The spot price of iron ore in Asia dropped to a 5-1/ 2- year low of $62.80 a tonne on Tuesday, and is down 67 percent from its peak of $191.90 reached...

  • PRECIOUS-Gold holds above $1,290 ahead of Fed decision Tuesday, 27 Jan 2015 | 10:38 PM ET

    *Fed may keep status quo, gold seen at $1,270- $1,290- Phillip. SINGAPORE, Jan 28- Gold steadied above $1,290 an ounce on Wednesday, largely clinging to gains from the previous session, as focus turned to whether a weaker global economy may curb the U.S. The Fed will probably stick to the status quo and if that proves to be true then gold should continue to hover between...

  • Final Glance: Gold companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Barrick Gold Corp. rose$. 42 or 3.3 percent, to $13.11. Gold Fields Ltd ADS rose$. 24 or 4.4 percent, to $5.74. Newmont Mining Corp. rose$. 65 or 2.7 percent, to $25.14.

  • Final Glance: Silver companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Hecla Mining Co. rose$. 06 or 1.8 percent, to $3.42. Pan American Silver Corp. rose$. 41 or 3.6 percent, to $11.92. Silver Standard Resources Inc. rose$. 33 or 5.0 percent, to $6.88.

  • Final Glance: Coal companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Arch Coal fell$. 04 or 3.8 percent, to $1.00. Consol Energy Inc. fell$. 37 or 1.2 percent, to $30.68. Peabody Energy fell$. 43 or 6.4 percent, to $6.24.

  • Jan 27- Coal miner Peabody Energy Corp slashed its quarterly dividend as it strives to rein in costs amid tepid demand, due to expectations that prices of natural gas, a cheaper alternative to steam coal, would remain weak in 2015.. The miner cut its quarterly dividend by 97 percent to 0.25 cents per share from 8.5 cents, sending its stock plunging as much as 9 percent...

  • NEW YORK/ LONDON, Jan 27- Gold rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Gold hit a five-month high of $1,306.20 on Thursday. "February options expiry today is helping gold, also of course the weak dollar, weak politics in areas," said George Gero, precious metals strategist for RBC Capital markets in New York.

  • Midday Glance: Gold companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 35 or 2.8 percent, to $13.04. Newmont Mining Corp. rose$. 63 or 2.6 percent, to $25.12.

  • Midday Glance: Silver companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Hecla Mining Co. rose$. 04 or 1.2 percent, to $3.40. Pan American Silver Corp. rose$. 20 or 1.7 percent, to $11.71. Silver Standard Resources Inc. rose$. 18 or 2.7 percent, to $6.73.

  • Midday Glance: Coal companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Arch Coal fell$. 02 or 1.9 percent, to $1.02. Consol Energy Inc. fell$. 33 or 1.1 percent, to $30.72. Peabody Energy fell$. 28 or 4.1 percent, to $6.40.

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset weakness in mining equipment orders due to lower prices for copper, coal and iron ore and a drop in...

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments. Nucor also forecast its profit for the first quarter to be slightly higher than the $111 million, or 35 cents per share, it reported a year earlier. Net profit attributable to Nucor rose 23 percent...

  • SAN FRANCISCO— Thieves in a stolen SUV smashed through the glass doors of the Wells Fargo History Museum in downtown San Francisco before dawn Tuesday and made off with up to 10 ounces of historic gold nuggets worth roughly $10,000, police said. Robbers in Northern California have targeted precious metals in museum displays before and the tactics of the heist...

  • Early Glance: Gold companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 41 or 3.2 percent, to $13.10. Newmont Mining Corp. rose$. 24 or 1.0 percent, to $24.73.

  • Early Glance: Silver companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    Pan American Silver Corp. rose$. 19 or 1.7 percent, to $11.70. Silver Standard Resources Inc. rose$. 13 or 2.0 percent, to $6.68. Silver Wheaton rose$. 20 or. 9 percent, to $23.67.