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Metals and Mining

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  • Greenland votes to allow uranium, rare earths mining Thursday, 24 Oct 2013 | 5:19 PM ET

    NUUK, Greenland, Oct 24- Greenland's parliament voted on Thursday to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.

  • Oct 24- Goldcorp Inc on Thursday raised its estimate for building a gold mine at its Cerro Negro site in Argentina by up to a third, and said first production at the project, which is one of the company's three big mining developments, would be delayed.

  • *China cbank declines cash injection for third day. LONDON, Oct 24- Copper dipped to its lowest level in nearly two weeks on Thursday as persistent concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth there.

  • POLL-Growing supply bears down on 2014 copper prices Thursday, 24 Oct 2013 | 8:00 AM ET

    *2013 cash copper seen at $7,334.90/ T in 2013; $7,050 in 2014. *Copper surplus seen at 182,000 T in 2013; 328,000 T in 2014. LONDON, Oct 24- Copper is expected to end the year 8 percent lower, and tumble further in 2014 as demand struggles against strong supply growth from new and existing mines, a Reuters poll showed.

  • Mining stocks and oil gained on the data though shares in China ended lower as domestic investors worried that a spike in short-term money rates engineered by the central bank could hurt growth going forward. "What we're seeing is not much more than a stabilisation of growth expectations in China.

  • *POSCO shares end up 0.5 pct prior to earnings announcement. SEOUL, Oct 24- South Korea's POSCO cut its 2013 sales target by 3 percent on Thursday as the world's fifth largest steelmaker struggles to win orders away from Asian rivals also scrambling in an oversupplied market.

  • *China manufacturing picked up in Oct. *China bonded stock premiums up $2.50 to $180 -205- Shmet. SINGAPORE, Oct 24- London copper climbed on Thursday from near one-week lows touched the session before, boosted by improving manufacturing growth in the world's No.1 metals consumer China.

  • BOGOTA, Oct 23- A stretch of the railway belonging to Colombia's biggest coal producer, Cerrejon, was bombed late on Tuesday, the second such attack in 10 days but one that would not have any immediate impact on exports, the company said in a statement.

  • CHICAGO, Oct 23- Caterpillar Inc posted a lower-than-expected quarterly profit on Wednesday and cut its full-year forecast yet again as weak demand from mining customers continued to bedevil the heavy equipment maker.

  • *Platinum belt wage talks tough. JOHANNESBURG, Oct 23- South Africa's Association of Mineworkers and Construction Union intends to declare a dispute over stalled wage talks with Anglo American Platinum, which would open the way for legal strike action, its president said on Wednesday.

  • JOHANNESBURG, Oct 23- South Africa's Sibanye Gold, spun off earlier this year by Gold Fields, expects earnings to be similar in the second half of the year to the first, assuming its forecast holds for the bullion price to stay around current levels.

  • What to expect from metals?     Tuesday, 22 Oct 2013 | 4:30 AM ET

    Dominic Schneider, head of commodity research at UBS Wealth Management, explains that there will be a lot of supply coming into the metals market shortly -- which ought to push prices down.

  • Chinese economy is 'imbalanced'     Friday, 18 Oct 2013 | 4:05 AM ET

    Ben Simpfendorfer, managing director at Silk Road Associates, says that the Chinese economy remains "fundamentally imbalanced" and needs to see a recovery in its light industry.

  • What to expect from iron ore     Tuesday, 15 Oct 2013 | 4:20 AM ET

    John Wilson, advisor at RBS Morgans, discusses iron ore following Rio Tinto's quarterly results and explains why he expects further upside.

  • Why isn't gold rising as a safe-haven trade?     Wednesday, 9 Oct 2013 | 6:52 PM ET

    Sean Hyman, Editor of Moneynews, Ultimate Wealth Report explains why gold hasn't responded to Yellen's nomination. He calls the gold sell-off a pullback and expects prices to hit $1,500-$1,600 soon.

  • Blumont: Price fall unrelated to Cokal deal     Tuesday, 8 Oct 2013 | 10:35 PM ET

    Alex Molyneux, Chairman Designate at Singapore-listed commodities firm Blumont explains that the sudden 85% fall in the company's share price earlier this week was largely technical.

  • Alcoa beats earnings estimates, reaffirms forecast Tuesday, 8 Oct 2013 | 4:07 PM ET
    A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Despite weak aluminum prices, Alcoa reported quarterly earnings and revenue on Tuesday that exceeded estimates.

  • Funding in Greece remains 'scarce': CEO     Monday, 7 Oct 2013 | 11:20 AM ET

    Evangelos Mytilineos, CEO of Greek mining group Mytilineos, tells CNBC that funding remains "scarce" in Greece.

  • What to expect from metals     Thursday, 3 Oct 2013 | 11:45 AM ET

    Jeff Largey, head of metals and mining research at Macquarie Group, comments on metal commodities and says prices for base metals, iron ore and gold could move higher towards year-end.

  • Structural issues see Europe steel facing decline Monday, 30 Sep 2013 | 8:51 AM ET

    Structural issues in the European steel making industry need to be addressed, according to Jeff Largey, mining analyst at Macquarie Group, as steel prices look set to decline.

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