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Materials and Metals

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  • MOSCOW, Dec 9- Russia's Sberbank said on Tuesday it had agreed to lend petrochemical company Sibur 42 billion roubles over five years.

  • Asian spot iron ore is down 48 percent from the start of the year to Monday's close of $69.70 a tonne, while spot thermal coal at Australia's Newcastle Port, an Asian benchmark, has slumped 28 percent to $62.25 a tonne in the week ending Dec. 5. The case for a stabilisation in prices followed by a modest rally next year is largely built on the view of more high-cost...

  • BEIJING, Dec 9- Northern China's Hebei province, the country's dominant steel producing region, is set to move 16 million tonnes of output capacity to the coast in a step aimed at "upgrading" the sector. The Shougang Group- China's biggest steel mill formerly based in Beijing- has already shifted all its production facilities to Hebei's Caofeidian port.

  • SINGAPORE, Dec 9- Gold gave up some of its overnight gains on Tuesday as the dollar recovered from losses and oil prices weakened, dulling the metal's appeal as a hedge. *Spot gold had slipped 0.2 percent to $1,200.26 an ounce by 0036 GMT. *Gold jumped more than 1 percent on Monday on a brief surge of late-day technical buying as it breached the $1,200- per-ounce level...

  • NEW YORK, Dec 8- Oil production from the United States' biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices. Oil production from the three main plays- the Bakken, Eagle Ford and Permian Basin- is set to rise by some...

  • GENEVA, Dec 8- An appeals board of the World Trade Organization reversed much of an earlier ruling against the United States on Monday, but it said U.S. duties on Indian steel broke WTO rules and asked the United States to bring them into line with its regulation. An unnamed Indian official told Reuters when the case was launched in 2012 that the United States argued...

  • *Steep year-on-year drop in China's coal, iron ore imports. SHANGHAI, Dec 8- China's monthly imports of most major commodities rose in November on favourable prices and stockpiling, although a gloomy outlook for steel dragged iron ore arrivals down to their second lowest this year. "New environmental rules that will come into force on Jan. 1, 2015 could slow steel...

  • KIEV, Dec 8- Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry said. Ukraine and Russia have joint electricity systems and there are no technical obstacles to such imports, but analysts say importing electricity is...

  • BHP Billiton names spin-off company South32 Monday, 8 Dec 2014 | 2:30 AM ET

    MELBOURNE, Dec 8- A planned spin-off of businesses by global miner BHP Billiton will be called South32 when it seeks multiple stock listings next year, BHP said on Monday. The new name recognizes that most of South32's operations are in the southern hemisphere, with its two regional centers- Australia and South Africa- linked by the thirty-second parallel south...

  • Board to ex-UTX CEO: Stop jetsetting, do your job! Saturday, 6 Dec 2014 | 2:41 PM ET
    United Technologies

    The abrupt retirement of United Technologies' CEO was in part due to growing concerns over his private interests, The Wall Street Journal reported.

  • *Energy squeeze since June after Russia gas cut off. Without Russian natural gas imports since June and hit by separatist violence that has disrupted its own coal mining, Ukraine has been forced to introduce mass electricity cuts. To help keep coal-fired power plants operating it turned to South Africa for one million tonnes of coal and received three...

  • *Energy squeeze since June after Russia gas cut off. Without Russian natural gas imports since June and hit by separatist violence that has disrupted its own coal mining, Ukraine has been forced to introduce mass electricity cuts. To help keep coal-fired power plants operating it turned to South Africa for one million tonnes of coal and received three...

  • *Gold falls as much as 1.6 pct before paring losses. LONDON, Dec 5- Gold fell more than 1 percent on Friday after U.S. Spot gold was down 0.7 percent at $1,196.86 an ounce at 1426 GMT, while U.S. gold futures for December delivery were down $9.90 an ounce at $1,197.80.

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • *Copper eyes biggest weekly rise since late Aug. KUALA LUMPUR/ SYDNEY, Dec 5- London nickel prices rose to their highest in more than two months due to tight supplies of ore, while copper was on track to post its biggest weekly rise since August as prices rebounded from falls earlier in the week. "High-grade nickel ore prices in China have been moving up slowly over the...

  • SINGAPORE, Dec 5- India's iron ore imports rose to a record 6.76 million tonnes in the first seven months of its fiscal year as sliding global prices and limited supply at home pushed steel producers to buy the raw material overseas, industry data showed on Friday. Formerly the world's No. 3 supplier of iron ore, India has been importing over the last two years due to...

  • WILLISTON, N.D./ HOUSTON, Dec 5- U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years. Rig deployments or applications for new well permits fell by half in recent months...

  • Cheap oil boosts builders' bottom line   Wednesday, 3 Dec 2014 | 3:46 PM ET
    Cheap oil boosts builders' bottom line

    CNBC's Diana Olick reports on the potential impact of lower oil prices to materials companies and homebuilder companies.

  • Bearish Chinese bets fuel iron ore rout Tuesday, 2 Dec 2014 | 6:37 PM ET
    Trucks at an iron ore mine

    A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.

  • Trader bets Newmont Mining will hit 13-year low Tuesday, 2 Dec 2014 | 3:46 PM ET

    Newmont Mining shares have already gotten crushed. So why does one trader think there's even more downside coming in the next three months?

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