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Business Materials and Metals

  • LONDON, Feb 28- Chinese steel production rose by 7.4 percent in January compared with a year earlier, according to the World Steel Association. The official figures from China are still pending as the local steel association CISA aggregates two months data over the start of any calendar year due to the disruptive effect of the Chinese New Year holidays.

  • DENVER _ Intrepid Potash Inc. on Tuesday reported a loss of $16.6 million in its fourth quarter. The Denver- based company said it had a loss of 22 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

  • *China sells ready to discuss with EU. BEIJING/ BRUSSELS, Feb 28- China expressed concerns on Tuesday over what it said was increasing protectionism after European Union regulators imposed new duties on steel imports from the world's biggest producer. The companies named in the Commission's ruling included Nanjing Iron& Steel Co Ltd, Minmetals Yingkou Medium...

  • LONDON, Feb 28- Zinc prices rose on Tuesday as an ongoing strike at a Canadian processing plant added to supply worries, while other metals dipped on uncertainty ahead of a key speech by U.S. Benchmark zinc on the London Metal Exchange had added 0.5 percent to $2,820 a tonne by 1205 GMT, while copper dipped 0.2 percent to $5,925. A strike continued at Noranda Income...

  • LAUNCESTON, Australia, Feb 28- If you did nothing more than look at China's imports of iron ore, you would be satisfied that the robust rally in the price of steel-making ingredient is entirely justified. The strength in iron ore imports is being mirrored in the price, with futures on the Dalian Commodity Exchange rising 2.7 percent to close at 710.5 yuan a tonne on...

  • BEIJING, Feb 28- China's Commerce Ministry said on Tuesday it was "seriously concerned" by what it said was Europe's increasing protectionism in the steel industry after regulators slapped anti-dumping duties on certain types of plate steel imports from the world's top producer. On Tuesday the European Commission imposed definitive anti-dumping duties...

  • But persistent concerns over supply from large mines in Chile and Indonesia limited the decline. Three-month copper on the London Metal Exchange was 0.04- percent lower at $5,908.50 a tonne at 0700 GMT, backtracking from an intraday high of $5,944. The most-traded copper contract on the Shanghai Futures Exchange finished down 0.27 percent at 47,740 yuan a...

  • LAUNCESTON, Australia, Feb 28- If you did nothing more than look at China's imports of iron ore, you would be satisfied that the robust rally in the price of steel-making ingredient is entirely justified. The strength in iron ore imports is being mirrored in the price, with futures on the Dalian Commodity Exchange rising 2.7 percent to close at 710.5 yuan a tonne on...

  • SYDNEY, Feb 28- London copper was steady on Tuesday as investors looked towards a speech by U.S. President Donald Trump for more clarity on his economic policy, while persistent concerns over supply from large mines in Chile and Indonesia continued to buoy prices. *The most-traded copper contract on the Shanghai Futures Exchange was up 0.21 percent at 47,970...

  • *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.

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