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Metals and Mining

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  • May 29- Alcoa Inc, the biggest U.S. aluminum producer, said it started work on a $100 million plant in Indiana to meet rising demand from large commercial aircraft makers. The new plant will create 329 jobs by 2019 and increase the company's capacity to supply engine parts for narrow-body aircraft, Alcoa said.

  • LONDON, May 29- Major metal exchanges emerged as contenders in developing an alternative to the London silver price benchmark, or "fix", after the century-old system for setting the globally recognised price is disbanded in August.

  • NYANDENI, South Africa May 29- Mining accounts for a fraction of South Africa's gross domestic product but still hits well above its weight and is pushing the continent's most advanced economy towards recession.

  • SYDNEY, May 29- London copper fell 1 percent on Thursday from a three-month peak hit in the previous session as worries resurfaced about China's economy after Beijing urged local governments to speed up spending to support growth.

  • SYDNEY/ MELBOURNE, May 29- The Australian government cleared on Thursday a $1 billion bid by Chinese state-owned Baosteel Resources for iron ore miner Aquila Resources Ltd, removing the only regulatory hurdle to the deal.

  • How to invest in metals     Monday, 26 May 2014 | 1:45 AM ET

    Raju Daswani, CEO of Metal Bulletin Research, says the aluminium market is still in a "fundamentally weak position" and advises taking a closer look at nickel.

  • Goldman, JPMorgan sued over zinc price manipulation Saturday, 24 May 2014 | 6:37 AM ET

    One of the oldest galvanizers in the United States accused Goldman Sachs, JPMorgan Chase, the LME and metal warehouse operators of conspiring since 2010 to manipulate the U.S. zinc price.

  • Severstal not pulling out of US: CEO     Thursday, 22 May 2014 | 3:24 AM ET

    Alexey Mordashov, CEO of Severstal, discusses the structural issues in the metal sector and says the group has no plan to pull out of the U.S..

  • The sanctions against Russia have had minimal impact short-term but they could be "detrimental" long-term as trust deteriorates, Alexey Mordashov, CEO of Severstal, tells CNBC.

  • Alcoa improving its cost position: CEO     Thursday, 22 May 2014 | 1:51 AM ET

    Klaus Kleinfeld, CEO of Alcoa, says the group has made good progress on its cost curve to be more independent of where metal prices are and discusses risks.

  • Metal: What the sector leaders have to say     Thursday, 22 May 2014 | 1:47 AM ET

    CNBC caught up with leading figures in the metal industry at the Platts Global Metal Awards to discuss the sector, exchange rates and key risks.

  • Politics trump other interests: Alcoa CEO     Thursday, 22 May 2014 | 1:00 AM ET

    Klaus Kleinfeld, CEO of Alcoa, says the group's facilities in Russia are operating normally and explains that he's not at SPIEF because the political dimension of the crisis "trumps other interests."

  • Andrew Michelmore, CEO of MMG, explains how its acquisition of the Las Bambas project will help it become a $20 billion company.

  • MMG: Now is a good time for us to buy assets     Tuesday, 20 May 2014 | 8:18 PM ET

    Andrew Michelmore, CEO of MMG, explains why the company chose to buy Glencore Xstrata's undeveloped copper deposit Las Bambas for $5.9 billion.

  • This is how oil price movement affects gold     Monday, 19 May 2014 | 2:15 AM ET

    James Steel, chief precious metals analyst at HSBC, discusses how inflation and commodity indices affects the price of oil and the knock on impact on gold.

  • How world leaders can spur growth: Rio Tinto CEO Friday, 16 May 2014 | 11:11 AM ET
    Cass Scenic Railroad State Park, West Virginia

    As a global business, Rio Tinto CEO Sam Walsh AO offers this advice to world leaders for how to spur growth.

  • Lonmin: Has breaking point been reached?     Wednesday, 14 May 2014 | 11:35 AM ET

    Tom Wilson, director of intelligence and analysis at Africapractice, discusses the on-going weeks-long strike in Lonmin's South African platinum mines and what it means for the metal.

  • Turkish mine explosion: Death toll rises     Wednesday, 14 May 2014 | 11:16 AM ET

    The death toll following an explosion at a Turkish mine keeps on rising, says Emre Peker, reporter at The Wall Street Journal, adding that demonstrations have started in response to some of the Prime Minister's comments.

  • Cool commodities? Mining stocks back in vogue Monday, 12 May 2014 | 7:22 AM ET

    Mining stocks have fallen out of favor, but just when things could have turned from bad to worse it appears that the sector is the new contrarian play for 2014.

  • ArcelorMittal trims outlook on China, Russia Friday, 9 May 2014 | 1:47 AM ET

    ArcelorMittal trimmed its forecast for global steel consumption on Friday, due to a slowdown in China and a decline in Russia.