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Materials and Metals

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  • The current coal contract for the San Juan Generating Station expires in 2017. That, along with uncertainty about the plant's ownership, have been sticking points as New Mexico regulators consider plans for closing part of San Juan and shifting to other sources of electricity. "Securing these two agreements provides clear evidence of our ability to execute...

  • LONDON, May 1- Copper rose on Friday to its highest since December due to seasonally strong demand and expectations of further economic stimulus measures from top consumer China. Three-month lead on the London Metal Exchange was at $2,120 at 1426 GMT from $2,110 at Thursday's close. Copper hit $6,392, its highest since last December.

  • Berry Plastics misses Street 2Q forecasts Friday, 1 May 2015 | 8:45 AM ET

    EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Friday reported fiscal second-quarter net income of $38 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Berry Plastics shares have risen 8.5 percent since the beginning of the year.

  • Olympic Steel tops 1Q revenue forecasts Friday, 1 May 2015 | 6:39 AM ET

    HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Friday reported first-quarter earnings of $1.1 million. Three analysts surveyed by Zacks expected $342.6 million. Olympic Steel shares have declined 38 percent since the beginning of the year.

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • Eldorado Gold reports 1Q loss Thursday, 30 Apr 2015 | 8:01 PM ET

    Vancouver, British Columbia _ Eldorado Gold Corp. on Thursday reported a loss of $7.8 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Eldorado Gold shares have dropped 15 percent since the beginning of the year.

  • MEXICO CITY, April 30- Mexican retailer and bottling company Femsa on Thursday said its first-quarter profit rose 26 percent compared with a year earlier, boosted by store openings in its retail division and a one-time gain from its stake in Heineken. The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores,...

  • Eastman Chemical tops 1Q profit forecasts Thursday, 30 Apr 2015 | 6:06 PM ET

    KINGSPORT, Tenn. _ Eastman Chemical Co. on Thursday reported first-quarter profit of $171 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share. Eastman Chemical shares have increased slightly since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 1...

  • Canadian Oil Sands posts loss, says cost cut paying off Thursday, 30 Apr 2015 | 4:50 PM ET

    CALGARY, Alberta, April 30- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada Ltd joint venture, said on Thursday it swung to a loss in the first quarter as oil prices dropped by more than half. The other Syncrude partners are Imperial Oil Ltd; Mocal Energy; Murphy Oil Corp; Nexen, a wholly owned subsidiary of China's CNOOC Ltd; Sinopec and Suncor...

  • NEW YORK— Mayor Bill de Blasio's decision to ban plastic foam containers such as to-go cups and meal trays was politically motivated, out of step with a New York City law and should be stopped by a state supreme court judge, according to a coalition of restaurant, manufacturing and lobbying groups that filed a lawsuit Thursday. The ban would make New York the...

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it could reduce forecasted iron ore production by up to 30 million tonnes over the next two years, as the miner tries to resuscitate margins in the midst of a severe price slump. In a major strategy shift following Vale's third quarterly loss in a row, executives said they would focus on improving margins...

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it expects to replace some old higher-cost iron ore production as new capacity comes on stream, the clearest sign yet the miner could cut future output forecasts due to weak prices. Any move to curb output growth by the world's largest producer of iron ore will be closely watched by a market currently in...

  • April 30- North America's two biggest potash producers, Potash Corp of Saskatchewan and Mosaic Co, reported larger first-quarter profits on Thursday, but results missed expectations. Canada's Potash Corp, the world's biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide.

  • LONDON, April 30- Nickel hit a one-month high on Thursday after BHP Billiton declared force majeure at a plant, adding to supply concerns, though gains were capped by record London Metal Exchange inventories. Copper also touched a one-month high, leading other metals up, as the dollar fell following weak U.S. growth data and cautious comments from the Federal...

  • Domtar misses 1Q profit forecasts Thursday, 30 Apr 2015 | 9:19 AM ET

    Montreal _ Domtar Corp. on Thursday reported first-quarter earnings of $34.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Domtar shares have risen 11 percent since the beginning of the year.

  • Potash prices are yet to recover after a collapse in 2013, which was triggered by top producer Russia's Uralkali exiting a trading venture with Belarus. Potash cut its full-year profit forecast to $1.75- $2.05 per share from $1.90- $2.20 per share, sending its shares down 3.3 percent in premarket trading. Potash, the second-biggest potash producer by output...

  • Sealed Air beats Street 1Q forecasts Thursday, 30 Apr 2015 | 7:33 AM ET

    ELMWOOD PARK, N.J. _ Sealed Air Corp. on Thursday reported first-quarter earnings of $97.2 million. Sealed Air expects full-year earnings in the range of $2.08 to $2.15 per share, with revenue expected to be $7.1 billion. Sealed Air shares have increased 4 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more...

  • Ball misses 1Q profit forecasts Thursday, 30 Apr 2015 | 6:15 AM ET

    BROOMFIELD, Colo. _ Ball Corp. on Thursday reported first-quarter net income of $20.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Six analysts surveyed by Zacks expected $1.91 billion.

  • Mosaic posts 36 pct rise in quarterly profit Thursday, 30 Apr 2015 | 6:09 AM ET

    April 30- U.S. fertilizer company Mosaic Co reported an about 36 percent rise in quarterly profit, helped by lower costs and higher phosphate and potash prices. Net earnings attributable to the company rose to $294.8 million, or 80 cents per share, in the first quarter, from $217.5 million, or 54 cents per share, a year ago. Revenue rose 7.7 percent to $2.14 billion.

  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

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