GO
Loading...

Enter multiple symbols separated by commas

Business Materials and Metals

More

  • MELBOURNE, March 25- London copper slipped on Wednesday from more than two-month highs hit the previous session as the dollar firmed, but expectations of falling mine supply buoyed prices. *Three-month copper on the London Metal Exchange had slipped 0.6 percent to $6,111.50 a tonne by 0133 GMT. *The most-traded June copper contract on the Shanghai Futures...

  • March 24- Monsanto Co, maker of the world's most widely used herbicide, Roundup, wants an international health organization to retract a report linking the chief ingredient in Roundup to cancer. "We question the quality of the assessment," Philip Miller, Monsanto vice president of global regulatory affairs, said on Tuesday in an interview. " Monsanto officials have...

  • BECKLEY, W. Va., March 24- The former chief executive of Massey Energy Co pleaded not guilty on Tuesday to a revised federal indictment arising from a 2010 West Virginia coal mine explosion that killed 29 miners. The former chief executive, Donald Blankenship, entered his plea in U.S. District Court for the Southern District of West Virginia. Massey was acquired in...

  • *Glencore's deals track record a mixed bag. LONDON, March 24- Just two weeks before Glencore can make a new approach for Rio Tinto, the rival that rejected it last summer, the Swiss firm once seen as a deal machine seems unlikely to strike again or charm investors with any other major move soon. While Rio Tinto and BHP have the largest, lowest cost iron ore assets in the...

  • TORONTO, March 24- Diversified U.S. mining and energy company Freeport-McMoRan Inc said on Tuesday it is slashing its quarterly dividend by 84 percent in response to the impact of lower commodity prices. The company is cutting its dividend to 5 cents a share from 31-1/ 4 cents a share/ The stock was off 2.7 percent to $18.80 in trading before the morning bell in New...

  • SINGAPORE, March 24- Gold retained its gains from a four-day rally on Tuesday and looked likely to rise further as the dollar took a beating on expectations that a hike in U.S. interest rates could be pushed out to September. *Spot gold was firm at $1,189.31 an ounce by 2320 GMT. The metal had climbed to $1,191.50 on Monday, the highest since March 6, as it rose for a fourth...

  • March 23- The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said on Monday. Spending cuts already announced by producers- to the tune of 25 to 60 percent- have dropped the rig count by 45 percent since late 2014, and output will soon...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • SHANGHAI, March 23- Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. In a draft of a revised restructuring plan for the industry issued late last week, Beijing included a line saying it would support mills' efforts to buy assets abroad, with...

  • European shares slip from 7-1/2 year high Monday, 23 Mar 2015 | 5:06 AM ET

    *Pirelli rises after takeover bid from ChemChina. PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 3.5 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned...

  • European shares pause; Pirelli rises after deal Monday, 23 Mar 2015 | 4:08 AM ET

    PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 2.1 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 23- Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply? Spot prices have recovered slightly recently, trading at $7.70 per million British thermal units last week, up from the record low of...

  • A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    Many Chinese steel mills could close this year, with the state expected to offer incentives for enterprises to shut due to slowing economy and pollution.

  • The WHO's cancer arm, the International Agency for Research on Cancer, said glyphosate, the active ingredient in the Monsanto Co herbicide Roundup, was "classified as probably carcinogenic to humans." Monsanto, the world's largest seed company, said scientific data do not support the conclusions and called on the WHO to hold an urgent meeting to explain the...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper jumped to a two month high on Friday after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from a fall in the dollar and supply concerns as a blockade of the Grasberg...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from supply concerns as a blockade of the Grasberg mine in...

  • NEW DELHI, March 20- India's parliament passed two bills on Friday to auction mines that produce minerals such as coal, iron ore and bauxite, in a boost for Prime Minister Narendra Modi's bid to kickstart an industry that has languished for years. The Mines and Minerals Development and Regulation, and Coal Mines Special Provisions bills were seen as a test of the...

  • LONDON, March 20- The iron ore market is turning ever more ugly. The price of ore for immediate delivery to China's Tianjin port is currently assessed by The Steel Index at $54.50 a tonne. "Peak steel" was penciled in for the next decade, an assessment that looks ever more questionable as China's steel producers reel from a toxic mix of slowing demand from the property...

  • *Shanghai copper stocks fall 2,267 T, first drop in 2 months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. The consensus view from Asia was that if it was a gain of over 10,000 or 20,000...

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.