GO
Loading...

Materials and Metals

More

  • RIO DE JANEIRO, Oct 23- Brazilian miner Vale produced 85.7 million tonnes of iron ore in the third quarter, the highest level in the company's history, as it ramps up output in a bid to counter falling prices. Production of iron ore rose 3 percent from the same period last year, and was 7.9 percent higher than the previous quarter, it said on Thursday.

  • Bemis meets 3Q profit forecasts Thursday, 23 Oct 2014 | 7:30 AM ET

    NEENAH, Wis. _ Bemis Co. on Thursday reported net income of $17 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 67 cents per share. Analysts expected $1.23 billion, according to Zacks.

  • The company's investments in potash companies in Jordan, Israel and Chile accounted for 8 percent of its profit in the third quarter, down from 24 percent a year earlier. Potash Corp, the world's biggest fertilizer company by market value, narrowed its 2014 forecast profit to $1.75- $1.85 per share from $1.70- $1.90, citing a reduction in estimated income from...

  • Cenovus's operating cash flow from refining fell 53 percent due to an unplanned coker outage in July at its Borger refinery in Texas and a planned turnaround at the Wood River refinery in Illinois. Cenovus, which co-owns the Foster Creek and Christina Lake oil sands projects with ConocoPhillips, said its total oil production rose 13 percent to 199,089 barrels...

  • Oct 23,- Potash Corp of Saskatchewan Inc's net income fell 11 percent, hurt by lower contributions from overseas investments and higher income tax. The company said its investments in potash companies in Jordan, Israel and Chile contributed $24 million to third-quarter earnings, compared with $85 million a year earlier. Net income fell to $317 million, or 38...

  • KHOBAR, Saudi Arabia, Oct 23- Saudi Basic Industries Corp will not move ahead with plans to expand an existing petrochemical joint venture with Royal Dutch Shell in Saudi Arabia as the results of feasibility studies were not encouraging, SABIC said on Thursday, according to state news agency SPA. The two partners in the SADAF joint venture in Jubail, on the Gulf...

  • METALS-Copper gains on Chinese manufacturing data Thursday, 23 Oct 2014 | 6:08 AM ET

    *China's manufacturing sector shows uptick in October. LONDON, Oct 23- Copper rose on Thursday on data showing a slight pickup in the growth in top consumer China's manufacturing sector. A stronger number in China, is mostly good news, "said Naeem Aslam, chief market analyst at Ava Trade.

  • MOSCOW, Oct 23- Ukraine's largest steelmaker, Metinvest, has offered holders of its $500 million bond which was due to mature in May 2015 a longer-term bond to November 2017 with an increased interest rate of 10.5 percent per annum. "The Issuer expects its EBITDA and operating cash flow in the second half of 2014 will decrease as compared to the first half of 2014 and...

  • LAUNCESTON, Australia, Oct 23- There is now no doubt that the big three global iron ore miners are producing record amounts in their bid to dominate the industry. With the lowest cash costs, in the region between $20 to $30 a tonne, and plans to strip out even more costs, they can survive and prosper even if iron ore prices remain weak. The spot price in Asia is down 39...

  • But a Reuters investigation found in 2012 that coal companies were using affiliated brokers to settle royalty payments on exports to Asia at much lower domestic prices. The findings prompted Senator Ron Wyden, a Democrat from Oregon, to call on the U.S. Interior Department early last year to investigate the practice. While that review continues, the U.S. Office...

  • SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday after dipping overnight on a stronger dollar, but caution prevailed ahead of a host of global economic data and on further outflows from bullion funds. *Spot gold was little changed at $1,241.60 an ounce by 0045 GMT, after losing 0.7 percent in the previous session. *Investors will be eyeing data from...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...

  • The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency did not adequately analyze the impact of one of the new herbicide's active ingredients, 2,4- D, before granting approval on Oct. 15 to Dow's Enlist Duo herbicide. "They did not do an adequate job," said Andrew Kimbrell, an attorney with...

  • Final Glance: Gold companies Wednesday, 22 Oct 2014 | 6:09 PM ET

    Barrick Gold Corp. fell$. 23 or 1.7 percent, to $13.39. Gold Fields fell$. 10 or 2.7 percent, to $3.57. Newmont Mining Corp. fell$. 31 or 1.4 percent, to $22.59.

  • Final Glance: Silver companies Wednesday, 22 Oct 2014 | 6:09 PM ET

    Hecla Mining Co. fell$. 19 or 7.6 percent, to $2.30. Pan American Silver Corp. fell$. 53 or 4.9 percent, to $10.27. Silver Standard Resources Inc. fell$. 33 or 5.7 percent, to $5.41.

  • Final Glance: Coal companies Wednesday, 22 Oct 2014 | 6:09 PM ET

    Arch Coal fell$. 17 or 8.8 percent, to $1.76. Consol Energy Inc. fell$. 57 or 1.6 percent, to $34.67. Peabody Energy fell$. 54 or 5.0 percent, to $10.31.

  • Final Glance: Chemicals companies Wednesday, 22 Oct 2014 | 6:09 PM ET

    NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 60 or 1.2 percent, to $47.61. DuPont Co. fell$. 17 or. 2 percent, to $68.65.

  • Albemarle beats Street 3Q forecasts Wednesday, 22 Oct 2014 | 5:18 PM ET

    BATON ROUGE, La. _ Albemarle Corp. on Wednesday reported third-quarter net income of $72.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Analysts expected $603.8 million, according to Zacks.

  • Midday Glance: Silver companies Wednesday, 22 Oct 2014 | 1:18 PM ET

    Hecla Mining Co. fell$. 11 or 4.2 percent, to $2.39. Pan American Silver Corp. fell$. 29 or 2.7 percent, to $10.51. Silver Standard Resources Inc. fell$. 21 or 3.7 percent, to $5.53.

  • Midday Glance: Coal companies Wednesday, 22 Oct 2014 | 1:18 PM ET

    Arch Coal fell$. 02 or 1.0 percent, to $1.91. Consol Energy Inc. fell$. 11 or. 3 percent, to $35.13. Peabody Energy fell$. 32 or 2.9 percent, to $10.54.

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More