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Business Materials and Metals

  • *Spot gold was little changed at $1,252.15 per ounce at 0044 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.

  • VANCOUVER, British Columbia _ Great Panther Silver Ltd. on Monday reported a loss of $1.5 million in its fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. Keywords: Great Panther Silver, Earnings Report.

  • HOUSTON _ Kraton Performance Polymers Inc. on Monday reported a loss of $3.7 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 12 cents. Kraton shares have declined 3.5 percent since the beginning of the year.

  • Workers of the Escondida copper mine protest during an indefinite strike in Antofagasta, Chile, on February 20, 2017.

    A strike at the Escondida copper mine in Chile appeared far from ending on Monday as the conflict neared its third week.

  • Water is added to concentrate at Freeport McMoRan's Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015.

    Shareholders are pressuring miner Freeport-McMoRan to stand up to the Indonesian government over the U.S. miner's contract.

  • CHARLOTTE, N.C. _ Albemarle Corp. on Monday reported fourth-quarter profit of $602.1 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Five analysts surveyed by Zacks expected $599.8 million.

  • The CAT logo is displayed on Caterpillar construction equipment.

    Shares of Martin Marietta Materials, Vulcan Materials and Nucor rose after Trump announced plans to increase defense spending by $54 billion.

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organization for the global aluminum industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organisation for the global aluminium industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • HOLLYWOOD, Fla., Feb 27- Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday. Rio Tinto Plc, which is a partner in Freeport's massive Grasberg copper and gold mine in Indonesia, is also...

  • *Markets await Trump speech to Congress on Tuesday. The metal hit its highest since May 2015 on Feb. 13 on news of a strike at BHP Billiton's Escondida copper mine in Chile, and a contractual dispute that halted operations at Freeport-McMoran's Grasberg facility in Indonesia. "Then we have this Donald Trump speech tomorrow in front of Congress.

  • COLUMBUS, Ohio _ Installed Building Products Inc. on Monday reported fourth-quarter net income of $11.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Installed Building Products shares have decreased nearly 1 percent since the beginning of the year.

  • KUALA LUMPUR, Feb 27- Malaysia's Prime Minister Najib Razak announced on Monday that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refinery and petrochemical project in Malaysia's southern state of Johor. Najib said the decision was made before noon on Monday after discussions between top executives from Saudi Aramco and...

  • *Markets await Trump speech to Congress on Tuesday. The metal hit its highest since May 2015 on Feb. 13 on news of a strike at BHP Billiton's Escondida copper mine in Chile, and a contractual dispute that halted operations at Freeport-McMoran's Grasberg facility in Indonesia. "Then we have this Donald Trump speech tomorrow in front of Congress."

  • KUALA LUMPUR, Feb 27- Malaysia's Prime Minister Najib Razak announced on Monday that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refinery and petrochemical project in Malaysia's southern state of Johor. Najib said the decision was made before noon on Monday after discussions between top executives from Saudi Aramco and...

  • *Strike at Noranda zinc plant in Canada continue. MELBOURNE, Feb 27- London copper slipped on Monday, but prices were supported by simmering concerns over supply amid production stoppages at the world's two biggest copper mines. "We're seeing some consolidation as we have the same story as last week but nothing on the fundamentals has changed," said analyst Helen...

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

  • MELBOURNE, Feb 27- London copper prices inched towards the key level of $6,000 a tonne on Monday, with supply concerns simmering amid production stoppages at the world's two biggest copper mines. *Shanghai Futures Exchange copper rose 0.8 percent to 48,130 yuan a tonne. *A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day on...

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. Freeport-McMoRan began mining in Papua in 1967, the first...

  • LONDON, Feb 24- Is the Philippines' draconian mining clampdown already affecting the flow of nickel ore to China's nickel pig iron producers? China's import picture is also one of growing diversification of supply, not least from Indonesia, the other political wild-card in the nickel supply chain. China's imports of ore from the Philippines were 779,000 tonnes...

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