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Metals and Mining

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  • The EPA veto was issued after President Barack Obama, a Democrat, became president in 2009. Conservatives have accused Obama of waging a "war on coal," a reference to the administration's efforts to reduce greenhouse gas emissions, including those from coal-burning power plants.

  • U.S. top court declines to hear mining permit case Monday, 24 Mar 2014 | 9:41 AM ET

    WASHINGTON, March 24- The U.S. Supreme Court on Monday delivered a blow to Arch Coal Inc by declining to hear its challenge to an Obama administration decision to block an environmental permit for a coal mining project in West Virginia.

  • *Factory output in China fells to eight month low in March. *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet. LONDON, March 24- Copper steadied on Monday as investors saw last week's fall to 3-1/ 2 year lows as overdone, and as the latest batch of weak data from China spurred hopes that authorities would introduce measures to support the economy.

  • *Factory output in China fells to eight month low in March. *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet.

  • MANILA, March 24- The Philippine finance minister said he will push mining companies to pay bigger shares of their revenue to the government even though the industry maintains that taxes are already too high and higher ones could kill the business. President Benigno Aquino, seeking to raise revenue from mining, has met stiff resistance.

  • *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet. SYDNEY, March 24- London copper recouped early losses on Monday as hopes grew that China would step in to support its economy after a private survey showed expansion in factories slowed for a fifth month in March.

  • 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.

  • 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.