Materials and Metals


  • April 17- Chemtura Corp struck a deal to sell its agrichemicals business to rival Platform Specialty Products Corp for about $1 billion as it transforms itself into a pure-play industrial specialty chemical company.

  • April 17- DuPont reported a steeper-than-expected 3 percent fall in quarterly revenue as its agriculture business sold fewer seeds, herbicides and insecticides.

  • April 17- Chemicals maker DuPont reported a 57 percent fall in first-quarter net income due to the sale of its performance coating business, which added almost $2 billion to earnings in the year-earlier quarter.

  • April 16- Chemtura Corp plans to sell its agrochemicals business to Platform Specialty Products Corp for about $1 billion, the Wall Street Journal reported, citing people familiar with the matter. Chemtura's agrochemicals unit sells chemicals-based products such as insecticides and growth regulators.

  • 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.

  • LONDON, April 16- Sharp sell-offs in copper and iron ore last month helped boost first-quarter exchange trading activity across the industrial metals. The return of volatility to the iron ore market, meanwhile, fired up trading volumes on the Singapore Exchange and the new Dalian Commodity Exchange contract.

  • LONDON, April 16- The top names in global mining, gathered in Chile last week, publicly shrugged off concerns that copper financing deals in China, that have locked up mountains of metal, could unravel.

  • China's plan for iron ore giants hard to make the grade Wednesday, 16 Apr 2014 | 5:06 AM ET

    *China plans 6-8 big iron ore miners to rely less on imports. SHANGHAI, April 16- China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore.

  • ZURICH, April 16- Syngenta AG, the world's largest maker of crop chemicals, expects weak emerging markets currencies to have a bigger hit on full-year earnings than previously assumed, it said on Wednesday, as it posted higher first-quarter sales.

  • SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.

  • SYDNEY, April 16- BHP Billiton is lifting its iron ore production this year to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from rivals in Australia and Brazil.

  • Warnings fly in tense call between Obama and Putin Tuesday, 15 Apr 2014 | 9:38 AM ET
    President Barack Obama

    President Obama said to President Putin during a phone call that Russia would have to face further sanctions if it continues its actions in Ukraine.

  • *Indonesia's export ban, Russia sanctions support. *Copper falls for 2nd day on China's demand woes. SINGAPORE, April 15- Nickel edged lower on Tuesday as the market took a breather after hitting a 14- month high in the previous session, supported by Indonesia's ore export ban and the prospect of tougher sanctions against Russia over Ukraine.

  • SYDNEY, April 15- Rio Tinto's iron ore shipments fell 8 percent in the first-quarter from the previous quarter due to weather-related disruptions in Australia and Canada, but the miner said it was on track to meet its full-year target.

  • SINGAPORE, April 15- Gold was trading near its highest in three weeks on Tuesday as heightened tensions between the West and Russia over Ukraine lifted the metal's safe-haven appeal. Palladium continued to hold near its highest since August 2011 on worries over supply constrains from Russia and South Africa, the top two producers of the metal.

  • SYDNEY, April 15- World number 2 iron ore producer Rio Tinto posted an 8 percent drop in first-quarter shipments compared with the previous quarter owing to weather-related disruptions in Australia and Canada.

  • *Separatist unrest spreads in Ukraine, boosting gold. NEW YORK/ LONDON, April 14- Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/ 2 year peak.

  • LONDON/ SINGAPORE, April 14- Nickel hit its highest in nearly 14 months on Monday on Indonesia's ore export ban, now in its third month, and on the prospect of tougher sanctions on Russia over its actions towards Ukraine. On Monday, it an hit an intraday high of $17,917 a tonne- its strongest since Feb. 19 last year- before retreating to $17,845 by 1432 GMT, up 2.56 percent.

  • LONDON, April 14- Nickel's bull run over the past couple of weeks has made it the star performer among the base metals pack traded on the London Metal Exchange. The fortunes of both are inextricably linked to Indonesia's minerals export policy. The ban on exports of nickel ore to China's vast nickel pig iron sector underlies that market's bull charge.

  • LONDON/ SINGAPORE, April 14- Nickel hit its highest level in more than a year on Monday because of an Indonesian ore export ban, now in its third month, and the prospect of tougher sanctions on Russia, which could include its commodities.

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