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Business Materials and Metals

  • MELBOURNE, Feb 21- London copper held its ground on Tuesday, trading near its highest levels in a week amid ongoing supply concerns from industrial action in Chile and an Indonesian export permit dispute. Three-month copper on the London Metal Exchange edged up 0.1 percent to $6,075 a tonne by 0312 GMT, holding gains after a 1.9 percent rally the session before...

  • MELBOURNE, Feb 21- London copper held its ground on Tuesday, near its highest in a week, supported by supply concerns amid industrial action in Chile and an Indonesian export permit dispute. *Three-month copper on the London Metal Exchange traded flat at $6,071 a tonne by 0112 GMT, holding gains after a 1.9 percent rally the session before when it struck $6,105 a...

  • SANTIAGO, Feb 20- The union representing striking workers at Chilean copper mine Escondida and mine owner BHP Billiton Plc sat down to talk on Monday afternoon after the government called a meeting in hopes of ending the 12- day-old strike. The stoppage at the world's biggest copper mine helped boost copper prices on expectations of tighter supply, although...

  • *Freeport says could seek damages in Grasberg dispute. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia, while zinc was boosted by a drop in inventories. Three-month copper on the London Metal Exchange gained 1.3 percent to $6,035 a tonne by 1510 GMT, recovering...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centres around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • *Freeport says could damages in Grasberg dispute. *Officials at Chile mine put conditions on meeting with union. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia while zinc was boosted by a drop in inventories.

  • *Freeport says could damages in Grasberg dispute. *Officials at Chile mine put conditions on meeting with union. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia while zinc was boosted by a drop in inventories.

  • MANILA, Feb 20- The Philippines' environment minister said on Monday she stands by her decision to shut more than half the country's operating mines and bar mining in watershed zones as an inter-agency panel began a review of her actions. Members of the government's Mining Industry Coordinating Council will scrutinize the affected mines to ensure due process...

  • *Freeport says could damages in Grasberg dispute. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia while zinc was boosted by a drop in inventories. Three-month copper on the London Metal Exchange had risen 0.9 percent to $6,016 a tonne by 1145 GMT, recovering...

  • *Freeport says could damages in Grasberg dispute. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia while zinc was boosted by a drop in inventories. Three-month copper on the London Metal Exchange had risen 0.9 percent to $6,016 a tonne by 1145 GMT, recovering...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • *Japan is Asia's top aluminum importer. Japan is Asia's biggest aluminum importer and the premiums for primary metal shipments that it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region. "A producer sent us an email last Friday with an indicative price of $125, citing higher overseas premiums and lower...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday that it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to...

  • Strong start in Covestro's brief history: CEO particularly strong start in China

    Covestro CEO Patrick Thomas discusses his company's latest earnings, with particular focus on the China market.

  • BEIJING, Feb 20- China's steel mills and traders were scrambling to find alternative supplies of coking coal for steel making on Monday after Beijing slapped a surprise ban on coal imports from its isolated northern neighbor. Chinese prices of steel, coking coal and coke all rallied, as traders and analysts said mills will likely be forced to buy more expensive...

  • *Officials at Chile mine put conditions on meeting with union. MELBOURNE, Feb 20- London copper climbed above the key level of $6,000 per tonne on Monday, buoyed by supply worries after the world's second-biggest copper mine in Indonesia said it could not deliver promised shipments due to export permit issues. That came as a strike at the world's top mine,...

  • Feb 17- U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of pumping oil from shale...

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit said on Monday it hoped to resolve a dispute with the government over its mining contract, but reserved the right to start arbitration against the government and seek damages. Freeport has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of...

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said on Monday. Freeport said it hopes to resolve the dispute with the government, but it also reserved the right to start arbitration against the...

  • *Officials at Chile mine put conditions on meeting with union. MELBOURNE, Feb 20- London copper edged up on Monday to stay near the key level of $6,000 per tonne, buoyed by supply worries after the world's second-biggest copper mine in Indonesia said it could not deliver promised shipments due to export permit issues. That came as a strike at the world's top mine,...

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