GO
Loading...

Metals and Mining

More

  • Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.

  • Steelmaker Nucor forecasts higher third-quarter profit Wednesday, 17 Sep 2014 | 9:14 AM ET

    Sept 17- Steelmaker Nucor Corp said it expects higher third-quarter profit, citing a rise in profitability from some steel products. The company forecast third-quarter profit of 70- 75 cents per share. It posted a profit of 46 cents per share for the third quarter last year.

  • NEW YORK, Sept 17- Auxilium Pharmaceuticals shares surged in brisk premarket trading Wednesday, a day after receiving an unsolicited offer from Endo International. Analysts said the offer could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc, whose U.S. shares were down 11.3 percent in light trading.

  • LONDON, Sept 17- Indonesia's tin exports slumped to a one-year low of 3,595 tonnes in August. And they are set to fall further in September. This sort of price support action from Indonesia is becoming part and parcel of the global tin market.

  • *Report of targeted stimulus to big China banks. LONDON, Sept 17- Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.

  • LAUNCESTON, Australia, Sept 17- Who to believe? In theory, the Chinese ban from the start of 2015 on coal imports above certain ash and sulphur contents appears to favour Indonesia, the world's biggest shipper of thermal coal, over Australia, the world's top exporter of metallurgical coal and number two for thermal coal.

  • MELBOURNE, Sept 17- London copper climbed on Wednesday to near its highest in a week as the market edged away from expectations that the Federal Reserve would bring forward its timeline to raise interest rates at its meeting this week. *The most-traded November copper contract on the Shanghai Futures Exchange rallied 2.1 percent to 49,590 yuan a tonne.

  • Final Glance: Coal companies Tuesday, 16 Sep 2014 | 7:46 PM ET

    Arch Coal fell$. 09 or 3.1 percent, to $2.77. Consol Energy Inc. fell$. 07 or. 2 percent, to $38.83. Peabody Energy rose$. 35 or 2.5 percent, to $14.47.

  • Final Glance: Silver companies Tuesday, 16 Sep 2014 | 7:46 PM ET

    Hecla Mining Co. fell$. 01 or. 3 percent, to $2.87. Pan American Silver Corp. rose$. 05 or. 4 percent, to $12.71. Silver Standard Resources Inc. rose$. 06 or. 8 percent, to $7.48.

  • Final Glance: Gold companies Tuesday, 16 Sep 2014 | 7:46 PM ET

    Barrick Gold Corp. rose$. 13 or. 8 percent, to $16.57. Gold Fields rose$. 04 or. 9 percent, to $4.45. Newmont Mining Corp. rose$. 02 or. 1 percent, to $25.04.

  • Mining giants may hoard cash as iron ore prices sag Tuesday, 16 Sep 2014 | 5:00 PM ET

    Stung by slower growth in China, global miners have reined in expansion plans and brought in new management to sell assets and drive their mines harder, raising hopes that BHP Billiton alone could hand back up to $8 billion to investors.

  • BEIJING, Sept 17- Nearly four years after a massive state-run steel mill on the outskirts of Beijing was closed to help cut smog in the Chinese capital, little has been done to clean up the contaminated site.

  • US senator to ask Congress to suspend coal sales Tuesday, 16 Sep 2014 | 2:05 PM ET

    Ed Markey said the Interior Department moved too slowly on promised reforms since the Democrat raised concerns earlier this year that "bargain-basement" lease sales to a handful of mining companies might have cost taxpayers $200 million or more.

  • Midday Glance: Coal companies Tuesday, 16 Sep 2014 | 1:22 PM ET

    Arch Coal fell$. 08 or 2.8 percent, to $2.78. Consol Energy Inc. rose$. 35 or. 9 percent, to $39.25. Peabody Energy rose$. 21 or 1.5 percent, to $14.33.

  • Midday Glance: Gold companies Tuesday, 16 Sep 2014 | 1:22 PM ET

    NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 12 or. 7 percent, to $16.56. Newmont Mining Corp. rose$. 10 or. 4 percent, to $25.12.

  • Midday Glance: Silver companies Tuesday, 16 Sep 2014 | 1:22 PM ET

    Pan American Silver Corp. rose$. 04 or. 3 percent, to $12.70. Silver Standard Resources Inc. rose$. 09 or 1.2 percent, to $7.51. Silver Wheaton rose$. 22 or 1.0 percent, to $23.05.

  • RUSTENBURG, South Africa, Sept 16- South African platinum miner Vincent Nyeleka has just moved up in the world, leaving behind a cramped hovel that he rented for a new, three-bedroom house he can call his own.

  • Early Glance: Gold companies Tuesday, 16 Sep 2014 | 10:43 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 12 or. 7 percent, to $16.33. Newmont Mining Corp. fell$. 17 or. 7 percent, to $24.85.

  • Early Glance: Coal companies Tuesday, 16 Sep 2014 | 10:43 AM ET

    Arch Coal fell$. 08 or 2.8 percent, to $2.78. Consol Energy Inc. fell$. 01 or percent, to $38.89. Peabody Energy fell$. 02 or. 1 percent, to $14.10.

  • Early Glance: Silver companies Tuesday, 16 Sep 2014 | 10:43 AM ET

    Hecla Mining Co. fell$. 01 or. 5 percent, to $2.87. Pan American Silver Corp. fell$. 13 or 1.0 percent, to $12.53. Silver Standard Resources Inc. fell$. 11 or 1.4 percent, to $7.32.