GO
Loading...

Materials and Metals

More

  • LONDON, June 16- The London Metal Exchange, competing to offer a replacement for the London silver price benchmark setting process when the current system is disbanded in August, said on Monday it could offer three alternatives.

  • *European shares lower as Iraq, Ukraine tensions weigh. LONDON, June 16- Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq and Ukraine supported its safe-haven appeal relative to higher-risk assets like equities, while platinum gained ahead of the outcome of talks to end a strike in South African mines.

  • *Companies need to spend billions to expand in Chile. SANTIAGO/ LONDON, June 16- As top copper producer Chile starts to lose market share, players are betting on fledging suppliers to help feed hunger for the red metal, but no single country is likely to replicate the South American nation's boom of the last century.

  • *CCI hires Singapore- based trader for naphtha- mkt sources. *Firm currently trades fuel oil, petchem from Singapore. SINGAPORE, June 17- U.S. company Castleton Commodities International LLC is expanding its oil product trading in Asia to include naphtha, market sources said.

  • SYDNEY, June 16- This year's sharp drop in iron ore prices could force China to close up to 80 million tonnes of domestic mine production, more than a fifth of its total annual output, consultancy Wood Mackenzie said on Monday.

  • SYDNEY, June 16- Shanghai copper rose to the highest in ten days on Monday, buoyed by prospects of further economic stimulus in China and technical buying after prices broke through a key chart level. *The most-traded August copper contract on the Shanghai Futures Exchange climbed by 1.1 percent to 48,080 yuan a tonne.

  • SINGAPORE, June 16- Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.

  • MELBOURNE/ WELLINGTON, June 16- New Zealand decides this week whether to approve an underwater iron-ore operation that would likely become the world's first commercial metals mine at the bottom of the sea.

  • NEW DELHI, June 16- For a coal producer trying to navigate India's complex federal structure, size matters. That harsh lesson was learnt by S. Narsing Rao, the outgoing chairman and managing director of Coal India Ltd, the world's biggest coal miner. Even though it is India's second-biggest coal producer, it is small compared with Coal India.

  • Loudi, CHINA, June 15- ArcelorMittal, the world's top steelmaker, said on Sunday it would use its Chinese joint venture to tap into the country's fast-growing car market, helping offset slackening steel demand on the back of a slowing economy.

  • NEW YORK/ LONDON, June 13- Palladium tumbled to a one-month low on Friday, extending its biggest drop in nearly a year in the previous session, as investors awaited confirmation that South Africa's longest mining strike would end soon.

  • *Copper down close to 10 pct so far in Q2. LONDON, June 13- Copper recovered on Friday, as buying picked up a day after prices hit their lowest in 1-1/ 2 months, but the metal was still headed for its third straight week of falls due to concerns over demand and a probe into metals financing in China.

  • JOHANNESBURG, June 13- The leader of South Africa's AMCU union said on Friday a wage deal with the top three platinum producers was imminent, signalling a possible end to a crippling five-month strike that has disrupted global output of the metal.

  • LONDON, June 13- A rare 122.52- carat blue diamond found in South Africa could fetch more than $35 million for a London- listed mining company. Only three or four blue diamonds over 100 carats have ever been recovered, according to Cathy Mallins, corporate communications manager at Petra Diamonds Ltd..

  • LONDON, June 13- Palladium fell to a one-month low on Friday, adding to the previous session's sharp fall, as investors awaited confirmation that South Africa's longest ever mining strike would end soon. Platinum, however, inched higher as its near 3 percent loss on Thursday- its biggest daily drop since June 2013- was sufficient spur some buying, traders said.

  • LONDON, June 13- Palladium edged lower and platinum inched higher on Friday following the previous session's sharp fall as investors awaited confirmation that the longest ever strike at South Africa's mines would end soon.

  • *Copper down close to 10 pct so far in Q2. LONDON, June 13- Copper recovered on Friday, as buying picked up a day after prices hit their lowest in 1-1/ 2 months, but the metal was still headed for its third straight week of falls due to concerns over demand and a probe into metals financing in China.

  • JOHANNESBURG, June 13- The leader of South Africa's AMCU union said on Friday a wage deal with the top three platinum producers was imminent, signalling a possible end to a crippling five-month strike that has disrupted global output of the metal.

  • SHANGHAI, June 13- China's crude steel output hit a record of 70.43 million tonnes in May, up 2.6 percent from a year ago, government data showed on Friday, as steel mills in the world's biggest producer looked to meet strong demand.

  • SYDNEY, June 13- London copper edged up on Friday but was still set for its third-straight weekly loss as seasonally strong demand from China passes its peak and on concerns about the pace of growth in the world's No.2 economy. *The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 47,510 yuan a tonne.

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More