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Metals and Mining

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  • SYDNEY, March 24- London copper slipped on Monday after growth in China's factories slowed for a fifth month, while worries about the health of its credit markets also clouded the demand outlook. *The most-traded June copper contract on the Shanghai Futures Exchange slipped by 0.4 percent at 44,960 yuan a tonne.

  • March 21- AK Steel Holding Corp forecast a bigger loss for the first quarter as an unplanned blast furnace outage in its Kentucky plant hurt shipments and drove up costs. AK Steel estimated a net loss of 44 cents to 49 cents per share for the first quarter. AKS shares were up about 3 percent at $6.89 on the New York Stock Exchange.

  • *Palladium hits highest since Aug. 2011. LONDON, March 21- Gold rose on Friday ahead of a series of speeches by U.S. Fed officials including Richard Fisher, James Bullard and Narayana Kocherlakota are due to speak later on Friday after Fed Chair Janet Yellen surprised markets mid-week by suggesting the possibility of raising interest rates early next year.

  • AK Steel forecasts first-quarter loss as costs go up Friday, 21 Mar 2014 | 8:51 AM ET

    March 21- U.S. steelmaker AK Steel Holding Corp forecast a loss in the first quarter, blaming higher costs related to the cold weather and blast furnace outages. The company forecast a loss of 44 cents to 49 cents per share for the first quarter. Analysts on average were expecting a profit of 5 cents, according to Thomson Reuters I/B/E/S.

  • *Premier Li Keqiang says China to speed up investment, construction plans. LONDON, March 21- Copper rose on Friday and was set to close the week flat after falling more than 4 percent last week, steadying as worries abated about credit conditions and the economy in China.

  • *Launch of two palladium ETFs in South Africa lifts metal. LONDON, March 21- The price of autocatalyst metal palladium hit its highest since August 2011 on Friday as a miners' strike in South Africa ground on and concerns grew that the standoff between major producer Russia and the West over Ukraine could escalate.

  • *Bonded copper premiums in China fall by $10 to $105- $125- Shmet. SYDNEY, March 21- London copper climbed on Friday but was set to close the week flat, not far above 3-1/ 2- year lows, as worries about China's economy clouded the outlook for demand.

  • *Bonded copper premiums in China fall by $10 to $105- $125 Shmet. SYDNEY, March 21- London copper steadied on Friday but was set to close down for a fourth week running, not far above 3-1/ 2- year lows, as worries about China's economy clouded the outlook for demand.

  • LONG BEACH, CALIF., March 21- Gold has been a highly coveted asset for millennia, but its appeal lately has been intermittent at best. Running a fund that concentrates on mining stocks is difficult amid such a backdrop, but John Hathaway, lead manager of Tocqueville Gold, and Joseph Foster, manager of Van Eck International Investors Gold, have done it better than most.

  • *Mining output to rise in Australia, Colombia, South Africa. "As global output is now set to expand, we believe the supply overhang will persist and revise our forecast for Newcastle coal lower to $74 per tonne as an average for 2014, down from $82 per tonne previously," Bank of America Merrill Lynch said in a research note on Thursday.

  • RUSTENBURG, South Africa, March 20- As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most prized possessions to make ends meet.

  • LONDON, March 20- Copper slid on Thursday, giving up the previous day's gains, as investors worried about the prospect of U.S. interest rates increasing earlier than expected and about a credit squeeze in top consumer China. "The base metals prices are on a rollercoaster ride, especially copper," said analyst Daniel Briesemann at Commerzbank in Frankfurt.

  • UPDATE 2-U.S., Ethiopia, PNG to join anti-corruption drive Wednesday, 19 Mar 2014 | 11:57 AM ET

    OSLO/ ADDIS ABABA, March 19- Ethiopia, the United States and Papua New Guinea are on course to join the leading world initiative to combat corruption in the energy and mining industries.

  • LONDON, March 19- CME Group will launch a physically delivered North American aluminium contract this May. It represents the most credible challenge to the London Metal Exchange's pricing franchise in the global aluminium market since... well, since the CME's previous aluminium contract. It's easy to forget now, but CME has been here before.

  • The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel. Coal output is also concentrated in the north and east of India, while power demand growth is more toward the south and west.

  • *Worries over China credit weigh on copper outlook. LONDON, March 18- Chilean copper miner Antofagasta paid out an unexpectedly large dividend for 2013, despite a 30 percent drop in annual core profit, opting to distribute cash rather than hold it at low interest rates.

  • *Worries over China growth weigh on copper outlook. LONDON, March 18- Chilean copper miner Antofagasta announced on Tuesday a unexpectedly large dividend payout for 2013, despite a 30 percent drop in annual core profit as falling metal prices and soaring costs offset an increase in output.

  • JOHANNESBURG, March 17- With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.

  • Michael Dudas, Sterne Agee precious metals and mining analyst, thinks Newmont Mining will benefit from a continued rally in gold prices.

  • Mining for profits     Monday, 17 Mar 2014 | 2:20 PM ET

    CNBC's Dominic Chu finds names that shine in the underperforming metals and mining sector.