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Materials and Metals

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  • LONDON, May 29- Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum producers Anglo American Platinum, Impala Platinum and Lonmin...

  • *China nickel premiums firm on prospect ShFE lists global brands. *China easing measures seen supporting demand in H2- analyst. LONDON, May 29- Aluminum slid on Friday on continued worries about heavy output from China swamping the global market and was on track for its biggest monthly decline in over 2-1/ 2 years.

  • MELBOURNE, May 29- London copper was facing its first monthly drop since January on Friday, pressured by ample inventories of refined metal, but prospects that China's stimulus measures would revive demand kept a floor under prices. *The most-traded August copper contract on the Shanghai Futures Exchange was little changed at 44,100 yuan a tonne.

  • SINGAPORE, May 29- U.S. crude oil prices edged up on Friday after American inventories fell for a fourth straight week and Canadian wildfires knocked out 10 percent of its oil sands output. *Front-month U.S. crude futures were up 43 cents from their last settlement at $58.11 per barrel by 0020 GMT on Friday. *The U.S. Energy Information Administration said crude oil...

  • CALGARY, Alberta, May 28- Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. That blaze has forced Cenovus Energy Inc and Canadian Natural Resources Ltd to shut down production and evacuate staff from their Foster Creek and...

  • The EPA last year proposed restrictions that would essentially block development of the massive gold-and-copper mine near the headwaters of a premier salmon fishery in southwest Alaska. As part of the litigation, Holland ordered in December that the EPA stop all work related to the process pending a ruling on the merits of the case. In 2011, the EPA, petitioned...

  • May 28- Alpha Natural Resources Inc must pay for the legal defense of Donald Blankenship, who is facing a criminal trial over a coal mining disaster in 2010, when he headed Alpha's Massey Energy Co business, a Delaware judge ruled on Thursday. The indictment also said that after the explosion, he misled the U.S. Securities and Exchange Commission about Massey's...

  • TORONTO, May 28- Ivanhoe Mines Ltd's chief executive said on Thursday that he will meet with officials from the Democratic Republic of Congo this weekend to address any "misunderstandings" around his company's deal to sell nearly half of its Komoa copper project. The government opposes the transaction, according to media reports, because it was not consulted on...

  • Huge drop in West Virginia coal production forecast Thursday, 28 May 2015 | 11:02 AM ET

    CHARLESTON, W.Va.— West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008— less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs. The report rattles off a combination of familiar economic, geological and...

  • Buy oil during hurricane season? It actually works Thursday, 28 May 2015 | 7:00 AM ET
    Operations map at the National Hurricane Center.

    A lot of research has gone into how the markets perform during this season, and a few insights stick out to help the best investors brace themselves.

  • SYDNEY, May 28- Australian iron ore magnate Gina Rinehart's eldest daughter won control of the $3 billion dollar family trust on Thursday in a judgment critical of Rinehart's former control of the fund and attempts to block the long-running legal dispute. South Korea's POSCO, Japan's Marubeni Corp and Taiwan's China Steel Corp also have stakes in the mine,...

  • --Clyde Russell is a Reuters columnist. Of course, it's easy to dismiss participants at the SGX Iron Ore Forum and the Asia Mining Congress in Singapore, the Asia Oil& Gas Conference in Kuala Lumpur and the LME Week Asia in Hong Kong as talking their books, or at least to their hopes. Where the cautious optimism was most evident was in the investment community, attending...

  • LONDON, May 28- The U.S. shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such as...

  • Norway oil fund to slash coal investments Thursday, 28 May 2015 | 1:20 AM ET

    STOCKHOLM— Norway has made a big move toward dropping investments in coal companies by its massive $900 billion sovereign wealth fund because of their impact on climate change. "Coal is by far the biggest source of greenhouse gases, so this is a big victory for the climate," said committee member Torstein Tvedt Solberg of the opposition Labor Party.

  • SHANGHAI, May 28- Zhuhai Zhongfu Enterprise Co. Ltd, a Chinese bottle manufacturer, is poised to become the fourth firm to publicly default in China's onshore bond markets today. The firm has not raised sufficient funds to fully repay principal and interest due to investors on May 28, company statements posted on the Shenzhen Stock Exchange website on May 27...

  • MAHANOY CITY, Pa.— When coal was king, its castle was the breaker— an imposing fortress that crushed, washed and sized billions of tons of Pennsylvania anthracite for use in factories, foundries and homes up and down the East Coast. The old breaker is about 100 miles northwest of Philadelphia in a region that holds nearly all of the nation's anthracite, a pure grade of...

  • WASHINGTON— If honeybees are busy pollinating large, blooming croplands, farmers wanting to spray toxic pesticides will soon have to buzz off, the Environmental Protection Agency is proposing. The rule applies to virtually all insecticides, more than 1,000 products involving 76 different chemical compounds, said Jim Jones, EPA's assistant administrator...

  • MELBOURNE, May 28- London copper edged up on Thursday as the dollar eased on vague hopes of a Greek debt deal, but prices were curbed as seasonal demand passes its peak and by plentiful supply. *The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.2 percent to 44,120 yuan a tonne. *Chile's environmental regulator filed charges against...

  • SINGAPORE, May 28- Gold struggled to recover from a two-week low on Thursday as a robust dollar and the prospects of higher U.S. interest rates dented demand for the metal. *Spot gold was little changed at $1,186.95 an ounce by 0048 GMT, not far from a two-week low of $1,183.76 reached in the previous session. *Greece and its international creditors have converged on...

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...

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