GO
Loading...

Materials and Metals

More

  • LONDON, May 29- Major metal exchanges emerged as contenders in developing an alternative to the London silver price benchmark, or "fix", after the century-old system for setting the globally recognised price is disbanded in August.

  • NYANDENI, South Africa May 29- Mining accounts for a fraction of South Africa's gross domestic product but still hits well above its weight and is pushing the continent's most advanced economy towards recession.

  • SYDNEY, May 29- London copper fell 1 percent on Thursday from a three-month peak hit in the previous session as worries resurfaced about China's economy after Beijing urged local governments to speed up spending to support growth.

  • SYDNEY/ MELBOURNE, May 29- The Australian government cleared on Thursday a $1 billion bid by Chinese state-owned Baosteel Resources for iron ore miner Aquila Resources Ltd, removing the only regulatory hurdle to the deal.

  • JOHANNESBURG, May 28- Deadlock in South Africa's crippling 18- week platinum strike will soon be broken after movement made on both sides of the wage dispute, the country's new mines minister Ngoako Ramatlhodi declared on Wednesday.

  • *Gold slides to lowest since Feb 7 at $1,260.44/ oz. LONDON, May 28- Gold prices hit 3-1/ 2 month lows on Wednesday as the dollar climbed to its highest since February against the euro and stock markets held near recent peaks, after a technical breakout the previous day saw the metal slide more than 2 percent.

  • *Copper cash trades at premium to three-month contract. LONDON, May 28- Copper prices hovered near three-month highs on Wednesday, underpinned by optimism about the outlook for demand from top consumer China.

  • *To pay minority shareholders $14 in cash for each PetroLogistics unit. May 28- A Koch Industries Inc unit will take PetroLogistics LP private in a deal worth $2.1 billion, including debt, gaining control of a plant that can convert cheap U.S. shale gas into propylene, a key petrochemical used to make plastics.

  • Westlake Chemical to buy German rival for about $667 mln Wednesday, 28 May 2014 | 7:49 AM ET

    May 28- Petrochemicals company Westlake Chemical Corp said it would buy Germany polyvinyl chloride maker Vinnolit Holdings GmbH and its subsidiary companies for 490 million euros from private-equity firm Advent International.

  • May 28- Propylene producer PetroLogistics LP said it would be taken private by a unit of Koch Industries Inc in a deal worth $2.1 billion, including debt. The unit, Flint Hills Resources LLC, will pay $14 in cash for each PetroLogistics unit to minority shareholders who own 27 percent of the company.

  • *Copper cash to three-month contract remains elevated. LONDON, May 28- Copper prices hovered near three-month highs on Wednesday, underpinned by optimism about the outlook for demand from top consumer China, while nickel rose as supply worries intensified following unrest at a New Caledonian mine.

  • PRECIOUS-Gold edges off 3-1/2 month low as stocks retreat Wednesday, 28 May 2014 | 5:59 AM ET

    *Gold slides to lowest since Feb 7 at $1,260.74/ oz. LONDON, May 28- Gold prices edged off 3-1/ 2 month lows on Wednesday as stock markets weakened in Europe, having earlier extended losses after a technical breakout the previous day saw prices slide more than 2 percent.

  • SYDNEY, May 28- London copper steadied on Wednesday after hitting a near three-month peak the previous day with prices supported by improving demand in top consumer China, while London nickel firmed as unrest at a New Caledonian mine kept supply threats in focus.

  • SYDNEY, May 28- London nickel firmed on Wednesday as unrest at a New Caledonian mine kept supply threats in focus amid expectations for a supply deficit as soon as next year, while London copper drifted from near three-month peaks. *LME copper edged down by 0.3 percent to $6,915.50 a tonne by 0126 GMT, after closing flat the previous session.

  • May 27- Cliffs Natural Resources Inc, which is fighting an activist investor who wants to split up the company and replace its chief executive, said on Tuesday it will cut 2014 capital spending by $100 million, or 25 percent, as it deals with weak seaborne iron ore and metallurgical coal prices.

  • *Platinum off on strike mediation talks. NEW YORK/ LONDON, May 27- Gold fell 2 percent on Tuesday, the most in one day since December, as an intraday record high of the S&P 500 equities index and economic optimism triggered a heavy bout of technical selling.

  • *Gold slumps to 3-1/ 2 month low. NEW YORK, May 27- World stock markets edged up while the euro softened against the dollar and yen on Tuesday following strong U.S. economic data and on expectations of more rate cuts from the European Central Bank. Platinum also fell after South Africa's mining minister pledged to mediate in a long-running strike.

  • METALS-Nickel firm on unrest at New Caledonia mine Tuesday, 27 May 2014 | 12:20 PM ET

    *China bonded copper stocks at 600,000 T- Morgan Stanley. *Copper climbs to highest level in nearly 3 months. LONDON, May 27- Nickel was underpinned on Tuesday after rioting at a Vale mine in New Caledonia intensified worries over supply shortages, while copper hit its highest level in nearly three months on demand recovery hopes.

  • *First quarterly GDP contraction since Q2 2009. PRETORIA, May 27- South Africa's economy shrank in the first quarter of this year, the first quarterly contraction since a recession five years ago, as mining output plummeted due to a protracted strike in the platinum sector.

  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More