GO
Loading...

Enter multiple symbols separated by commas

Materials and Metals

More

  • Citing transformation, Alcoa beats on earnings Monday, 12 Jan 2015 | 4:37 PM ET
    Alcoa Inc. employee works at the company's Mt. Holly production plant in Goose Creek, South Carolina.

    As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.

  • Jan 12- Canadian Natural Resources Ltd, the country's largest independent oil producer, said on Monday it would defer the first phase of its 40,000- barrel-per-day Kirby North thermal project in northern Alberta until crude prices stabilize. CNRL, which has operations in Western Canada, Britain's North Sea and offshore West Africa, now plans to spend C $6.2...

  • LONDON, Jan 12- Copper prices slipped to new 4-1/ 2 year lows on Monday, dragged lower by concerns that lacklustre demand will struggle to catch-up with rising supplies, and as falling oil prices exerted pressure on commodity markets. Three-month copper on the London Metal Exchange dropped to $6,057 a tonne, a fresh low since June 2010, before recovering slightly...

  • *Peugeot buoyed by broker upgrade. LONDON, Jan 12- European equities gained on Monday, led by rising healthcare stocks, after Shire agreed to buy NPS Pharmaceuticals for $5.2 billion and Roche also struck a deal. Chemicals shares also performed well after U.S. investment bank Citigroup upgraded several European chemicals companies, including BASF.

  • *Coming Up: India industrial output y/y Nov at 0700 GMT. MELBOURNE, Jan 12- London copper slid to fresh four-and-a-half year lows on Monday, with investors betting further losses were to come given stuttering demand growth in the United States and China. However, the dramatic drop in crude oil prices should spur economic activity, which should then underpin demand...

  • *Gold extends gains to second session in a row. SINGAPORE, Jan 12- Gold rose on Monday to its highest level in a month because of weakness in the dollar plus a further decline in oil prices, which sparked safe-haven bids for the precious metal. "Normally, lower oil prices are a negative for gold, but prolonged oil price declines may be fanning concerns that further...

  • HOUSTON, Jan 9- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. New permits plunged nearly 40 percent in November compared to October, signaling a potential slowdown in the shale oil and gas boom that brought the United...

  • CALGARY, Alberta, Jan 9- Royal Dutch Shell will cut from 5 to 10 percent of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman said on Friday, but refrained from connecting the move to plunging oil prices. Albian Sands is the mining portion of Shell's Athabasca Oil Sands project near Fort McMurray, Alberta, which also...

  • *Copper on track for biggest weekly fall since end-Nov. LONDON, Jan 9- Copper slipped to new 4-1/ 2 year lows on Friday on concern about oversupply after inventories climbed, though falls were limited by strong jobs growth in the United States that helped reinforce some confidence about the outlook for economic growth. Three-month copper on the London Metal...

  • LONDON, Jan 9- Lead was the second worst performer among the major industrial metals traded on the London Metal Exchange last year. Unglamorous lead is now trading consistently below the $1,900- per tonne level, its weakest performance since the third quarter of 2012.. It's also trading at a discount of more than $300 per tonne to "sister metal" zinc, so called...

  • LONDON, Jan 9- Copper slipped to fresh 4-1/ 2- year lows on Friday on concern about oversupply after inventories climbed and worries about global growth, especially in top metals consumer China. Three-month copper on the London Metal Exchange, dropped to a session low of $6,073.50 a tonne, the weakest since June 2010, and was down 0.2 percent at $6,090.50 by 1104 GMT.

  • LONDON, Jan 8- Copper, aluminium and zinc rebounded from lows on Thursday as oil and share markets steadied, but more losses were expected ahead of the new year holiday in top metals consumer China. Copper bounced from 4-1/ 2- year lows the previous day and aluminium from the weakest in seven months as some investors bought back short positions to lock in profits.

  • Joy Global revenue falls as miners cut output Wednesday, 17 Dec 2014 | 12:35 PM ET
    Joy Global mining machinery.

    Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.

  • 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.

  • 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?

  • Bet on Big Macs, materials when China cuts rates Friday, 21 Nov 2014 | 9:22 AM ET
    McDonald's in Kaifeng of Henan Province, China.

    When China cuts interest rates, McDonald's outperforms the market five days later and makers of stone and gravel also beat the market, history shows.

  • Australian exports to China still face hurdles Tuesday, 18 Nov 2014 | 6:14 PM ET

    A trade deal signed with great fanfare between China and Australia may not provide Australia with the economic boost that many anticipate.

  • Third Point steps up pressure on Dow Chemical Thursday, 13 Nov 2014 | 7:29 PM ET

    Hedge fund Third Point is considering launching a proxy contest at Dow Chemical after negotiations over board seats broke down on Thursday.

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.