Business Materials and Metals

  • WARSAW, Poland— Two miners have been killed and another seriously injured during a cave-in at a copper and silver mine in southwestern Poland, a spokeswoman for the partly state-owned KGHM copper mining corporation said Saturday. The accident raises to six the number of fatalities this year in KGHM's mines and copper mills in Poland. KGHM, known as the Polish...

  • WASHINGTON, Sept 23- The U.S. Commerce Department on Friday said India was dumping welded stainless pressure pipe in the United States at below market value and unfairly subsidizing the products. Bristol Metals, a subsidiary of U.S. steel products maker Synalloy Corp, Outokumpu Stainless Pipe, a subsidiary of Finnish firm Outokumpu, Felker Brothers Corp and...

  • *UK firms will not supply all of the steel needed. *UK economic output by industry: http://tmsnrt.rs/2d4tTz8. LONDON, Sept 22- UK steelmakers are likely to win deals to supply the 18 billion pound nuclear power plant at Hinkley Point, although that may not be enough to bolster Britain's troubled steel sector, industry experts say.

  • SEATTLE— The U.S. Forest Service is taking steps to prevent future mining at about 340,000 acres of federal lands in Washington's Methow Valley. Such a process would likely delay a permit decision on a proposed project to explore for copper in Okanogan County, said Michael Liu, Methow Valley district ranger for Okanogan-Wenatchee National Forest.

  • Sept 23- Green Plains Inc, one of the largest U.S. ethanol producers, on Friday said that China's decision to slap anti-dumping duties on U.S. distillers dried grains won't hurt business. "We still expect China to take volumes," Todd Becker, president and chief executive officer said in an emailed statement. China's Ministry of Commerce made its preliminary ruling...

  • *Shanghai bonded copper premiums up $5 to highest since May. The Philippines has already halted the operations of 10 mines, eight of them nickel producers, on environmental grounds since it launched an audit in July. The Philippines accounts for more than 90 percent of China's nickel ore imports.

  • JAKARTA, Sept 23- Indonesian nickel smelter investors fear the government of President Joko Widodo will change rules that have supported prices of the metal, and put up to $12 billion in its budding smelting and mineral processing industry at risk. Indonesia banned metal ore shipments in 2014 to push firms to build smelters and shift exports from raw materials...

  • *Iran to ship pellets to maximise returns amid weak prices. DALIAN, China, Sept 23- Iran is planning to halt the export of raw iron ore from March 2017 and instead sell processed form of the steelmaking ingredient to maximise returns under an era of low prices, an industry official said on Friday. Iran prefers to export value-added products with much higher prices, "...

  • Sept 23- China said on Friday it is slapping anti-dumping duties on distillers' dried grains imported from the United States, a major step in a brewing trade spat between the world's top two economies over farm policy, metal exports and livestock safety. circumventing taxes by shipping through Vietnam. criticized Beijing pledged to work together.

  • *Shanghai bonded copper premiums rise $5 to highest since May. MELBOURNE, Sept 23- London nickel slipped on Friday, but was still on track for a nearly 9 percent gain, its biggest weekly gain since July, as markets braced for more Philippine mine suspensions amid an environmental crackdown on the sector. "The market probably hasn't placed enough importance on the...

  • MELBOURNE, Sept 23- London nickel slipped on Friday, but was still on track to end the week more than 8 percent higher as markets braced for more Philippine mine suspensions amid an environmental crackdown on the sector. *LME copper edged back 0.4 percent to $4,833 a tonne by 0038 GMT, having logged a 1.9 percent advance in the previous session when it also topped out...

  • *UK firms will not supply all of the steel needed. *UK economic output by industry: http://tmsnrt.rs/2d4tTz8. LONDON, Sept 22- UK steelmakers are likely to win lucrative deals to supply the 18 billion pound nuclear power plant at Hinkley Point, not enough though to secure the future of Britain's troubled steel sector, industry experts say.

  • LONDON, Sept 22- Copper rallied to a six-week high on Thursday as the dollar slipped after the U.S. central bank left benchmark interest rates unchanged, though gains were limited by worries about slow demand growth. Benchmark copper on the London Metal Exchange ended up 1.9 percent to $4,855 a tonne, having touched $4,858.50, its highest since Aug. 12.

  • MADRID— A Spanish court has convicted and fined an American mining company executive and two other people for environmental offences committed by a Spanish copper mining firm. The southern Seville court said Thursday that Bill Williams, former water director at the Cobre Las Cruces open pit mine, and two others, had been fined 2,700 euros each for mismanaging...

  • *UK firms will not supply all of the steel needed. *UK economic output by industry: http://tmsnrt.rs/2d4tTz8. LONDON, Sept 22- UK steelmakers will likely get lucrative deals to supply the 18 billion pound nuclear power plant at Hinkley Point, not enough though to secure the future of Britain's troubled steel sector, industry experts say.

  • LONDON, Sept 22- Copper rallied to a six-week high on Thursday as the dollar slipped after the U.S. central bank left benchmark interest rates unchanged, though gains were limited by worries about slow demand growth. Benchmark copper on the London Metal Exchange gained 1.5 percent to $4,832.50 a tonne in official trading, having earlier touched $4,848, its...

  • LAUNCESTON, Australia, Sept 22- One of the themes in Australia as the resource boom comes to an end is that the country will be able to compensate by boosting its agricultural sector, the so-called "mining to dining" manoeuvre. An Internet search of the terms Australia and "mining to dining" reveals almost 4,000 items, many focused on the view that China, the top buyer of...

  • *Will take top spot among China's steelmakers. SHANGHAI, Sept 22- China's Baosteel Group fleshed out its plans to buy rival Wuhan to create the world's second-largest steelmaker behind ArcelorMittal on Thursday, part of Beijing's effort to consolidate its fragmented steel industry. The new entity will be named China Baowu Steel Group, Baosteel Group's listed...

  • LONDON, Sept 22- Copper rallied to a five-week high on Thursday as the dollar slipped after the U.S. central bank left benchmark interest rates unchanged, though gains were limited by worries about slow demand growth. Benchmark copper on the London Metal Exchange was up 1.3 percent at $4,825 a tonne by 0947 GMT, having earlier touched $4,827, its highest since Aug....

  • *It will take top spot among China's steelmakers. SHANGHAI, Sept 22- China's Baosteel Group will fully take over Wuhan Steel Group to create the world's second largest steelmaker after ArcelorMittal, as Beijing aims to increase the concentration level of the scattered industry. The new entity will be named China Baowu Steel Group, the Baosteel Group's listed...

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