Business Materials and Metals

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • *Inner Mongolia to shutter about 2.9 mln T of steel capacity. LONDON, Aug 26- Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified. LME zinc rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000...

  • MELBOURNE, Aug 26- London zinc touched its highest in 15 months on Friday as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally. China plans to cut steel production by 2.91 million tonnes this year in inner Mongolia, a government official said, according to state media. As China steel mills shutter, steel prices...

  • Strongest aluminum demand growth is from transportation: Deputy CEO

    Oleg Mukhamedshin, deputy CEO at UC RUSAL, talks about the market for aluminum and from where demand for the metal is coming.

  • MELBOURNE, Aug 26- London zinc rallied to its highest in 15 months on Friday as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally. China plans to cut steel production by 2.91 million tonnes this year in inner Mongolia, an industry group reported on its website on Friday. As China steel mills shutter, steel prices...

  • Aug 25- Berry Plastics Group Inc said it would buy AEP Industries Inc, which makes stretch wraps and can liners, in a deal valued at $765 million, including debt, to expand its presence in North America. Based on Berry Plastics' close on Aug. 23, AEP shareholders will receive either $110 in cash or 2.5011 shares of Berry Plastics for each AEP share. In July, Berry Plastics...

  • LAUNCESTON, Australia, Aug 25- Is nickel's current rally sustainable or is the metal merely having a strong run because market participants are more focused on the environmental crackdown in top ore miner the Philippines, rather than on the surge in Indonesian ferronickel exports? China imported 3.163 million tonnes of nickel ore and concentrates from the...

  • Aug 25- Berry Plastics Group Inc said it would buy flexible plastic packaging films maker AEP Industries Inc in a deal valued at $765 million, including debt. Based on Berry Plastics' close on Aug. 23, AEP shareholders will receive either $110 in cash or 2.5011 shares of Berry Plastics for each AEP share. Upon closing of the stock and cash deal, AEP shareholders will...

  • LONDON, Aug 25- Nickel slumped to the lowest in over six weeks on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel had surged 32 percent from the beginning of June until it hit a one-year peak in early August as authorities in the Philippines launched a campaign to close mining operations that...

  • *Dollar retreats ahead of Jackson Hole meeting. LONDON, Aug 25- Gold edged off the previous day's four-week low on Thursday as the dollar retreated, but prices were rangebound ahead of a speech by Federal Reserve Chair Janet Yellen this week which will be watched for clues on monetary policy. Spot gold was up 0.2 percent at $1,324.61 an ounce at 0930 GMT, while U.S....

  • LAUNCESTON, Australia, Aug 25- Is nickel's current rally sustainable or is the metal merely having a strong run because market participants are more focused on the environmental crackdown in top ore miner the Philippines, rather than on the surge in Indonesian ferronickel exports? China imported 3.163 million tonnes of nickel ore and concentrates from the...

  • Aug 25- Russian aluminum giant Rusal on Thursday reported a nearly 40- percent drop in second-quarter core earnings due to weak aluminum prices, slightly better than analysts feared, and warned the second half of the year would remain tough. "Looking forward to the second half of the year, we believe that the aluminum industry will remain under pressure," Chief...

  • Aug 25- Gold rose slightly on Thursday after hitting a four-week low in the previous session, with the dollar losing strength ahead of a speech by Federal Reserve Chair Janet Yellen that will be closely watched for clues on U.S. interest rate policy. *Spot gold was up 0.2 percent at $1,326.22 an ounce at 0102 GMT. *Yellen is scheduled to address a meeting of central...

  • MELBOURNE, Aug 25- London copper hung near a two-month low on Thursday on evidence of mounting supply, while nickel also weakened after lower shipments to China. *Three-month copper on the London Metal Exchange was trading flat at $4,631 a tonne at 0040 GMT, following 1.7- percent losses in the previous session when it fell to its weakest since July 24 at $4,622.50.

  • LONDON, Aug 24- Global aluminum production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • Aug 25- Russian aluminum giant Rusal on Thursday reported a 39- percent drop in second-quarter core earnings due to weak aluminum prices, slightly ahead of analyst forecasts. Adjusted earnings before interest, tax, depreciation and amortization fell to $344 million for the three months to June from $568 million a year earlier. Six analysts on average had...

  • LONDON/ MILAN, Aug 24- European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower. However... after the rally that it's seen, this report doesn't really warrant a leg higher in the share price, " Jonathan Roy, advisory investment manager at Charles Hanover Investments,...

  • SAO PAULO, Aug 24- Nippon Steel and Sumitomo Metal Corp is working on a plan to split Usinas Siderúrgicas de Minas Gerais SA into two separate units, in a last ditch attempt to end a two-year battle with Techint Group for control of the Brazilian steelmaker, two people familiar with the matter said on Wednesday. Techint Group, the other controlling shareholder of...

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