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Materials and Metals

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  • BRUSSELS, Oct 21- U.S. firm Honeywell International Inc's joint venture with chemicals company DuPont to produce a new refrigerant for car air conditioning systems to meet new environmental rules may be anti-competitive, the European Commission said on Tuesday, following a near-three year probe. When Honeywell and Dupont announced a joint venture to...

  • WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. Duties will apply beginning Dec. 16, according to the letter from Ronald K. Lorentzen, the Commerce Department's deputy assistant secretary for enforcement and...

  • U.S. says to scrap trade deal on Russian steel duties Tuesday, 21 Oct 2014 | 9:26 AM ET

    WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year old deal sheltering Russian flat-rolled steel producers from potential steep duties, it said in a letter to Russian authorities published on Monday.

  • MOSCOW, Oct 21- Ukraine's largest private metals and mining group Metinvest will lose several hundred million dollars of income in the second half of this year because of the separatist conflict in the country's industrial heartland, the company's chief financial officer said. The conflict has closed steel plants and coal mines and destroyed...

  • BEIJING, Oct 21- China's daily crude steel runs rose 1.3 percent in September to the highest level in three months, data from the country's statistics agency showed, suggesting mills were still close to full capacity despite weak demand and a steep slump in prices. China produced 67.54 million tonnes of crude steel in September, down 2 percent from the previous...

  • LONDON, Oct 21- World No. 1 copper producer Codelco will announce the results of a projects review in the coming months, including whether there are any delays to its ambitious-- but vital-- multi billion-dollar growth plan, its chairman told Reuters. "Our commitment is if we have to give bad news, we are going to give it straight away to the people of Chile who own this...

  • Alcoa easily beats Street, shares jump Wednesday, 8 Oct 2014 | 4:03 PM ET
    Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa.

    Alcoa reported third-quarter earnings per share, excluding items, of 31 cents per share on revenue of $6.24 billion.

  • Russia’s Rusal considers raising outlook Wednesday, 1 Oct 2014 | 11:19 AM ET
    Power plant chimneys stand beside a freight wagon yard at United Co. Rusal's alumina

    Russian aluminium producer Rusal said it is considering raising its outlook for the third quarter.

  • Activist investor Peltz seeks DuPont breakup: Report Wednesday, 17 Sep 2014 | 6:15 AM ET

    Activist investor Nelson Peltz's Trian Fund Management has called for a break up of DuPont, The Wall Street Journal reported.

  • Mining CEOs call for action against Ebola Tuesday, 9 Sep 2014 | 10:26 AM ET
    A health officer at a state hospital in Kenema, Sierra Leone on Aug. 23, 2014.

    A group of 11 mining CEOs working in West Africa are calling for fewer travel restrictions in the face of the Ebola epidemic.

  • US judge dismisses aluminum price-fixing litigation Friday, 29 Aug 2014 | 6:18 PM ET
    Goldman Sachs signage on the floor of the New York Stock Exchange.

    The plaintiffs had accused Goldman Sachs, JPMorgan Chase and others of having conspired since May 2009 to drive up aluminum prices by hoarding supply.

  • This pure gold shirt from India is worth $213,000 Friday, 8 Aug 2014 | 1:47 PM ET
    Pankaj Parakh, a municipal corporator, wears a shirt made of gold as he walks with his bodyguards to attend his birthday celebrations in Yeola, in the western Indian state of Maharashtra August 8, 2014.

    An Indian textile magnate has taken "spoil yourself" to a new level with custom-made gold shirt worth about $213,000.

  • Boeing, United Tech stockpile Russian parts: Report Friday, 8 Aug 2014 | 8:21 AM ET
    A nearly completed Boeing 777 reaches the end of a production line at the company's facility in Everett, Washington.

    Boeing and United Technologies have been amassing titanium parts from Russia in case global tensions disrupt supply of the metal.

  • Alcoa CEO on US: 'This place rocks' Monday, 14 Jul 2014 | 9:46 AM ET
    A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory.

    Alcoa has invested heavily in its U.S. aerospace business because of the country's leading position in advanced manufacturing, CEO Klaus Kleinfeld tells CNBC.

  • Whiting, Kodiak create Bakken shale powerhouse Monday, 14 Jul 2014 | 8:22 AM ET
    A construction worker specializing in pipe-laying sandblasts a section of pipeline in North Dakota.

    Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.

  • China's warehouse sector under scrutiny Sunday, 22 Jun 2014 | 7:22 PM ET
    A worker walks in front of a storage area in a logistics center at the Pudong free trade zone in Shanghai, China.

    After an investigation banks and trading houses are aware of the risks of storing commodities in China's warehouse sector.

  • Wall Street's latest craze: 'Superfracking' Wednesday, 18 Jun 2014 | 7:22 AM ET
    Gas is flared as waste from the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom on March 22, 2014 near Buttonwillow, Calif.

    Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.

  • Blame the media for gold's decline: Marc Faber Tuesday, 17 Jun 2014 | 1:52 PM ET

    Faber has been called a "gold bug," but he points out that "I don't call equity bulls 'cockroaches.'"

  • Goldman, JPMorgan sued over zinc price manipulation Saturday, 24 May 2014 | 6:37 AM ET

    One of the oldest galvanizers in the United States accused Goldman Sachs, JPMorgan Chase, the LME and metal warehouse operators of conspiring since 2010 to manipulate the U.S. zinc price.

  • Despite spills, hazardous cargo still rides the rails Wednesday, 16 Apr 2014 | 10:07 AM ET
    Joseph Targ, right, and Jodi Ross, respectively the fire chief and town manager of Westford, Mass., revisit the site where a train carrying natural gas recently derailed, on March 24, 2014.

    The number of trains carrying crude oil is increasing and so is the number of spills, exposing a world of secrecy around these operations.

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