GO
Loading...

Materials and Metals

More

  • LONDON, May 21- Global crude steel output rose at its second-fastest level this year in April, responding to an uptick in demand in Europe and the Middle East, though higher output in China added to oversupply and kept prices depressed.

  • BOGOTA, May 21- Colombia's oil and mining industries, hit by lower output and growing resistance to some key projects, are pleading for help from the next government to streamline slow and erratic regulations.

  • May 21- Rio Alto Mining Ltd said it would buy Sulliden Gold Corp Ltd in a deal valued at about C $300 million, creating a gold miner focused on Peru, the fifth biggest gold producer in the world. The offer values Sulliden at C $1.12 per share, representing a 43 percent premium to the stock's Tuesday close on the Toronto Stock Exchange.

  • May 21- Rio Alto Mining Ltd said it would buy Sulliden Gold Corp Ltd in a deal valued at about C $300 million, creating a gold miner focused on Peru. The deal value excludes the stake Sulliden shareholders will get in a new company that will hold Sulliden's stake in a East Sullivan prospect in Val-d'Or, Quebec.

  • Platinum rose to near a two-month high, and palladium touched a near three-year high as labour strikes in top producer South Africa dragged on for a 17th week and after an industry report said a shortage of both metals was set to widen this year.

  • SYDNEY, May 21- BHP Billiton said on Wednesday it may seek government intervention to avert industrial action by tugboat workers at the Port Hedland iron ore port that threatens to disrupt hundreds of millions of dollars in exports.

  • HONG KONG, May 21- China shares rose on Wednesday, led by coal stocks after a news report said the National Development and Reform Commission plans to establish two or three national markets for coal trading. Datong Coal Industry Co climbed 9.9 percent and Houlinghe Opencut Coal Industry Corporation Ltd of Inner Mongolia gained 5.6 percent.

  • LAUNCESTON, Australia, May 21- Gold bulls tend to flit from one thing to the next in their search for a reason for the precious metal to rally, with the latest hope being Narendra Modi's election victory in India.

  • SINGAPORE, May 21- Platinum edged higher on Wednesday as labor strikes in top producer South Africa dragged on for a 17th week and after an industry report said a shortage of the metal was set to widen this year. Gold continued to trade in a tight range below $1,290 an ounce on outflows from gold-backed funds.

  • LONDON, May 20- Global miners and commodity traders are using multiple strategies to lock in favorable rates for shipping costs, anticipating a freight market recovery after years of turmoil.

  • *Platinum awaits court ruling on mining company actions. *WGC report shows India, China demand in Q1 dropped. LONDON, May 20- Platinum prices rose back towards two-month highs on Tuesday as the longest and costliest miners' strike in South African history ground on, while gold steadied as gains in the dollar held it near key chart support.

  • *Gold edges down below $1,300 an ounce. SINGAPORE, May 20- Platinum was steady on Tuesday, holding on to overnight gains as labour strikes in top producer South Africa continued for a 17th week, disrupting supply of about 40 percent of the metal's global output.

  • *China steps up help for export industry. SYDNEY, May 20- Copper clung near two-month peaks on Tuesday on hopes a new raft of financial reforms would shore up China's slowing economy, while nickel prices sank in volatile trade despite supply concerns.

  • SINGAPORE, May 20- Platinum extended gains to a second session on Tuesday as labour strikes at top producer South Africa continued into a 17th week, disrupting supply of about 40 percent of global output.

  • NEW YORK/ LONDON, May 19- Gold erased initial gains to end flat on Monday as rising U.S. equities decreased bullion's appeal as a hedge, sending the metal below the key $1,300- an-ounce level. Platinum climbed, extending last week's gain, its strongest performance in six weeks, on supply worries due to strikes at South African mines.

  • COLUMN-For investors, coal brings lumps Monday, 19 May 2014 | 12:40 PM ET

    CHICAGO, May 19- If you care about the environment, you can emulate Stanford University's move to remove coal-producing companies from its endowment portfolio by purging fossil fuel companies from your own investments, although it will take a customized strategy.

  • *CEO says Lonmin has lost a third of annual production. JOHANNESBURG/ LONDON, May 19- South African platinum miner Lonmin has lost a third of its annual production due to an industry strike over wages which its chief executive described as a "bleeding" that might lead to the company's death if not stopped in time.

  • LONDON/ JOHANNESBURG, May 19- South African platinum producer Lonmin said on Monday it had lost a third of its annual production due to a mining strike over wages that is entering its 17th week.

  • LONDON, May 19- Gold picked up on Monday, touching the psychologically important $1,300- an-ounce level as the dollar and equity markets slipped, although strong U.S. economic data capped gains. Platinum group metals extended gains after posting their strongest weekly performance in six on supply worries due to strikes at South African mines.

  • *Goodpack says in talks with one party on possible transaction. *Australia's Brambles ended talks in March to buy Goodpack. HONG KONG, May 19- KKR& Co is nearing a deal to buy Singapore's Goodpack Ltd, the world's largest maker of intermediate bulk containers which has a market value of S $1.36 billion, sources with direct knowledge of the matter said.

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More