Materials
More
-
FRANKFURT, Dec 7- Makers of chemicals and plastics from plant matter are emerging as unlikely beneficiaries of the abundance of U.S. shale gas, which is shaking up the global petrochemical industry.
-
LONDON, Dec 7- Conflicting signals from the U.S. " Yet BlackRock data show energy ETPs attracting a solid $225 million in net inflows in November and industrial metals some $16 million, whilst safe haven precious metals attracted $1.713 billion.
-
LONDON/ SINGAPORE, Dec 7- Copper was little changed on Friday as investors were cautious ahead of jobs data from the United States which might have an impact on U.S. talks to avert a looming fiscal crisis.
-
*Buys business from Bunge to boost products, distribution. OSLO, Dec 7- Norway's Yara has agreed to buy the Brazilian fertilizer business of commodities giant Bunge in a deal valued at $750 million, giving it a wider product range and distribution network in a key market.
-
*Term TC/RC deals seen settling at $70 and 7 cents- Macquarie. SINGAPORE, Dec 7- London copper was steady on Friday, and was set to close the week little changed, as traders focused on the progress in U.S. talks to avert a looming fiscal crisis while also waiting for a crucial jobs report from the world's largest economy.
-
BEIJING, Dec 7- China's imports of crude oil and iron are expected to rise in November as refineries raise runs and steel mills restock, but an uncertain economic outlook continues to hold back purchases of a range of commodities.
-
SINGAPORE, Dec 7- Gold nudged higher on Friday, extending gains from the previous session when bullion was boosted by prospects of future interest cuts by the European Central Bank, but the precious metal was headed for its second straight week of decline.
-
SINGAPORE, Dec 7- London copper was steady on Friday and was set to close the week little changed as traders focused on the United States for progress in talks to avert a looming fiscal crisis and a crucial jobs report. *The most-traded March copper contract on the Shanghai Futures Exchange slipped 0.12 percent to 57,330 yuan a tonne.
-
SINGAPORE, Dec 7- Gold nudged higher on Friday, extending gains from the previous session when bullion was boosted by prospects of future interest cuts by the European Central Bank, but the precious metal was headed for its second straight week of decline.
-
*Vale says still interested in Guinea. Vale said it remained interested in working in Guinea and at Simandou, site of the world's largest untapped deposit of iron ore, but needed clarity to proceed with the project. "We are still interested in being in Guinea.
-
*European Central Bank keeps rates on hold. LONDON, Dec 6- Copper dipped on Thursday as the dollar rose and the euro fell after the European Central Bank sharply downgraded its outlook for the region's economy, and on investor anxiety over the slow progress in budget negotiations in the United States.
-
LONDON/ MILAN, Dec 6- Italy faces a deep crisis as its biggest steel plants struggle for survival, putting it in the forefront of a permanent decline in western Europe's steel sector and increasing cost pressures on many of the region's industries.
-
*ArcelorMittal withdraws French site bid for EU-funded project. PARIS, Dec 6- A politically charged deal between the French government and ArcelorMittal to preserve jobs at an ailing steelworks looked at risk of unravelling on Thursday after the global steel giant ditched a bid to run an EU-funded project there.
-
*Traders eye U.S. jobs report, China industrial output this week. LONDON, Dec 6- Copper dipped on Thursday as the euro fell against the dollar ahead of a European Central Bank rate decision and investors remained uneasy about progress in talks in the United States to avoid the "fiscal cliff" of spending cuts and tax rises.
-
BEIJING, Dec 6- Big state Chinese power firms, such as the Huadian Group and top coal producer the Shenhua Group, have been named among the winners of the country's second shale gas auction, the Ministry of Land and Resources announced on Thursday.
-
SINGAPORE, Dec 6- London copper steadied on Thursday after five days of gains fuelled by hopes that U.S. lawmakers would forge a last minute plan to avert a looming "fiscal cliff", building on optimism over accelerating growth in top consumer China. *The most-traded March copper contract on the Shanghai Futures Exchange was steady at 57,770 yuan a tonne.
-
*Freeport in $9 billion bid for two energy companies. Even so, Freeport's $9 billion play for Plains Exploration& Production and McMoRan Exploration Co shows that even industry giants are finding copper a challenge as mines age, grades decline and costs rise.
-
NEW YORK, Dec 5- Freeport McMoRan Copper& Gold Inc Chief Executive Richard Adkerson is known for taking big risks- building his company around mines in Asia, spending nearly $26 billion to take over larger mining rival Phelps Dodge and now shelling out $9 billion to take over two oil and gas companies.
-
*Deals allow Freeport to diversify into U.S. oil, gas. On paper the deal reshapes Freeport, with its mining profile largely outside the United States, and Plains and McMoRan concentrated in energy plays in California, Texas and the Gulf of Mexico.
-
Dec 5- Freeport-McMoRan Copper& Gold is not diminishing its outlook on copper "in any fashion" despite a blockbuster $9 billion deal to acquire oil and gas assets, Chief Executive Richard Adkerson said on Wednesday.