GO
Loading...

Metals and Mining

More

  • *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.

  • METALS-London copper eases from near one-month top Tuesday, 22 Oct 2013 | 9:52 PM ET

    SINGAPORE, Oct 23- London copper slipped on Wednesday from near one-month highs as traders booked profits given the metal's weak fundamental outlook, after a tepid U.S. labour report reinforced the case for extended stimulus.

  • LONDON, Oct 22- Copper rose on Tuesday as the dollar fell and after the first U.S. jobs report in nearly two months suggested the economy had lost steam, supporting expectations that the Federal Reserve will delay a decision to taper its bond-buying programme.

  • Oct 22- Kodiak Oil& Gas Corp, which primarily drills for oil in North Dakota's Bakken shale formation, said on Tuesday its third-quarter average daily sales volumes rose 54 percent from the second quarter.

  • METALS-Copper steady ahead of U.S. jobs report Tuesday, 22 Oct 2013 | 6:00 AM ET

    *Coming up: U.S. nonfarm payrolls data for Sept at 1230 GMT. LONDON, Oct 22- Copper steadied on Tuesday in cautious trade as the market awaited the first U.S. jobs report in nearly two months, which is likely to shed light on the pace of recovery in the world's biggest economy.

  • 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.

  • SINGAPORE, Oct 22- London copper was locked in a narrow range on Tuesday ahead of the first U.S. jobs report in nearly two months, as investors try to assess the health of the world's biggest economy after signs of slower Asian growth dimmed the outlook for metals.

  • 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.

Most Popular Video

Thursday, 17 Apr 2014 | 4:00 PM ET

On this week's "$ave Me," CNBC's Kelli Grant gives tips on how to finally earn enough for that free airline award seat.

Thursday, 17 Apr 2014 | 12:58 PM ET

The FMHR traders reveal their final trades.

Friday, 18 Apr 2014 | 11:00 AM ET

Are economic growth expectations too high? CNBC's Jeff Cox explains.