SANTO DOMINGO, Dominican Republic— A proposal to create a new national park that would have blocked the expansion of a nickel mine in the forested mountains of the central Dominican Republic was vetoed Tuesday by President Danilo Medina.» Read More
*Copper has lost some 7 pct in 2013 on China demand woes. LONDON, March 7- Copper fell to its lowest level in over seven months on Friday as China's first domestic bond default added to growing concerns this week about slower economic growth in the world's top copper consumer. It was at $6,823 per tonne at 1502 GMT, from a close of $7,055 on Thursday.
The steel sector is also one of the single biggest contributors to the thick smog that now regularly envelops Beijing and other Chinese cities. While other markets pore over the implications of premier Li Keqiang's "State of the Union" address to the National People's Congress, steel has already reacted.
*Copper has lost almost 5 pct on China demand worries. LONDON, March 7- Copper fell to its lowest level in more than three months on Friday on concerns about slower economic growth in top consumer China as Beijing shifts to a consumption-driven expansion which would curb its demand for the industrial metal.
India's trade deficit narrowed in January, but analysts are warning that now is not the time to ease gold import controls.
Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.
Corning Incorporated makes gorilla glass for smartphones. Jim Flaws, Corning vice chairman and chief financial officer, discusses the company's relationship with Apple and Samsung. Flaws also explains the threat sapphire presents to gorilla glass.
A 29.6 carat blue diamond, with a possible price tag of tens of millions of dollars, has been discovered at a mine in South Africa.
The president of South Africa's main trade union for platinum workers told CNBC that miners were treated like slaves, after ordering strikes that will start on Thursday.
Australian miners shoveled record tonnages of iron ore in the December quarter, supported by billions of dollars worth of expansion plans coming on stream.
Commodity fund managers face an uphill struggle persuading investors to return to the unloved sector after an abject year.
Aluminum makers have been shifting from mining, refining and smelting and focusing on fabricated products. Here's why.
Indonesia banned all mineral ore exports, as expected, on Sunday, but will likely allow some U.S. mining giants to continue shipments.
Alcoa reported quarterly revenue that beat analysts' expectations on Thursday, but earnings came up short.
The spike in COMEX March copper futures prices around midday in NY was due to an "error trade," a source familiar with the matter said.
Breaking down the bearish bets in material stocks, with Brian Stutland of Stutland Volatility. WeyerhaeuSer is reporting earnings on Friday.
Mining giant Glencore Xstrata is expected to write down the value of assets inherited from Xstrata by as much as $7 billion, when it reports first-half earnings on Tuesday.
The Dow is in the red but industrial names are hitting new highs today. James Paulsen, Wells Capital Management; and Jerry Castellini, CastleArk Management, weigh in on big moves in the market.
With the S&P 500 reaching new records and flirting with 1,700, data show it to be a broad-based move, with all 10 S&P sectors close to 52-week highs.
Cyclicals are heating up as the summer approaches and the economy starts to show signs of improvement, analysts say.
Materials have lagged all year, but one option trader is betting that the sector will go from worst to first.
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