Business Materials and Metals

  • TORONTO, Aug 19- Canada's main stock index closed a fraction lower on Friday as investors awaited bank earnings and more talk from the U.S. Toronto Stock Exchange's S&P/TSX composite index closed down 8.22 points, or 0.06 percent, at 14,687.46. Canada's biggest banks report third-quarter earnings starting with Bank of Montreal next Tuesday followed by Royal...

  • Applied Materials CEO: We're the materials innovation leader

    Gary Dickerson, Applied Materials CEO, discusses his company's quarterly earnings and the trends in the technology and materials spaces.

  • TORONTO, Aug 19- Canada's main stock index was barely higher on Friday, as gains for bank, consumer and railway stocks offset declines for miners which fell on weaker metals prices. The most influential weights on the stock index included Barrick Gold Corp, which fell 0.8 percent to C $26.67. Silver Wheaton Corp fell 2.1 percent to C $38.27 and First Majestic Silver...

  • *Tighter aluminum supply in China amid slow output from restarts. LONDON, Aug 19- Copper and other industrial metals slumped on Friday in low volumes, pressured by a firmer dollar together with retreating stock and oil markets. Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,797 a tonne by 1015 GMT after rising 0.8 percent on Thursday and...

  • *Tighter aluminium supply in China amid slow output from restarts. LONDON, Aug 19- Copper and other industrial metals slumped on Friday in low volumes, pressured by a firmer dollar together with retreating stock and oil markets. Benchmark copper on the London Metal Exchange was down 0.3 percent at $4,797 a tonne by 1015 GMT after rising 0.8 percent on Thursday and...

  • JAKARTA, Aug 19- Indonesian oil and gas producer PT Medco Energi Internasional Tbk plans to invest $500 million to build a copper smelter following its deal to buy control of Newmont Nusa Tenggara, its president commissioner told Reuters. The purchase of a majority stake in NNT, which runs Indonesia's second-biggest copper and gold mine, will help Medco to...

  • NEWARK, N.J.— Stacks of leafy greens are sprouting inside an old brewery in New Jersey. "What we do is we trick it," said David Rosenberg, co-founder and chief executive officer of AeroFarms. The company is in the process of building what an industry group says is the world's largest commercial vertical farm at the site of an old steel mill in New Jersey's largest city.

  • *Tighter aluminum supply in China amid slow output from restarts. MANILA, Aug 19- London aluminum futures held near their strongest level in 13 months on Friday, propped up by firm demand and tighter supply in top market China. Aluminum production among restarted aluminum smelters in China following production curbs last year has been slow, causing supply to...

  • MANILA, Aug 19- London aluminium futures held near their strongest level in 13 months on Friday on worries over tighter supply, while copper was headed for its first weekly gain in five. *Three-month aluminium on the London Metal Exchange was little changed at $1,681 a tonne by 0055 GMT, after hitting on Thursday its highest since July last year at $1,709 a tonne.

  • SAN JUAN, Puerto Rico— The U.S. government announced Thursday that it imposed a $210,000 fine on two pesticide distributors in Puerto Rico as part of a widespread probe into a toxic pesticide that nearly killed an American family in the neighboring U.S. Virgin Islands. The EPA said Superior-Angran bought two pesticides containing methyl bromide and then sold...

  • HOUSTON, Aug 18- Exxon Mobil and Georgia Tech researchers published findings of a breakthrough in the journal Science on Thursday, saying they had devised a way to slash carbon emissions from chemicals manufacturing by using reverse osmosis instead of heat to separate molecules. Reverse osmosis, which has been widely used for decades in desalination plants...

  • J.D. Irving mining subsidiary Aroostook Resources says that Maine's mining regulations are so mismatched they've effectively shut down an industry that could employ thousands of people. DEP Deputy Commissioner Melanie Loyzim says the department will ask legislators to consider new rules that will replace Maine's mining rules while addressing...

  • LONDON, Aug 18- Copper is underperforming every other major base metal so far this year. The London Metal Exchange three-month price is this morning trading around $4,840 per tonne, translating to a year-to-date gain of just under five percent. It's coming from South America, but not Chile, the country most synonymous with copper production, but rather its...

  • MELBOURNE, Aug 18- China's huge zinc smelting industry has slashed its fees for turning ore concentrates into refined metal by 20 percent as competition for dwindling global mine output heats up, industry sources said this week. Global commodities giant Glencore and Belgium's Nyrstar also slashed mine output when zinc prices slumped to a 6-1/ 2- year-low in...

  • *China copper output +9.6 percent y/y at 722,000 T. *China seeing fewer mine supply disruptions- MS. MELBOURNE, Aug 18- London copper climbed on Thursday away from near one-month lows as the dollar dropped after minutes from the last U.S.

  • *Strategy to bypass China pays off. SYDNEY, Aug 18- Australia's Whitehaven Coal Ltd returned to the black and beat profit forecasts on Thursday, buoyed in part by a strategy that sidesteps a reliance on China for its high-quality coal. Unlike larger rivals such as Peabody Energy, Glencore and Anglo American, which are curtailing production or getting out of coal...

  • SINGAPORE, Aug 18- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. "Reasons for the increase in prices include mine closures in Indonesia, United States and Australia and policy change by Chinese authorities,"...

  • *China's steel sector debt estimated at $500 billion. LONDON, Aug 18- Debt in the world's top 30 steel companies totals a record $150 billion, international accountancy firm EY said on Thursday, adding governments' action to support the sector would work only if matched with more radical industry restructuring. The debt of the top 30 companies is dwarfed by...

  • Aug 17- Bankrupt coal company Peabody Energy won U.S. court approval on Wednesday for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive $127 million in cash if Peabody walks away from its mine cleanup obligations in the...

  • District Judge Amit Mehta in Washington, D.C., on Tuesday vacated part of an FDA directive stating tobacco companies may need the agency's clearance to market products with significant labeling modifications, such as a change in color or logo. The ruling comes in a lawsuit filed last year by subsidiaries of Imperial Brands, Reynolds American Inc and Altria...

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