Business Materials and Metals

  • 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...

  • 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...

  • 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...

  • ISTANBUL, Aug 17- Turkey's Sisecam will hold off on plans to list its Pasabahce glassware business due to weak stock market conditions, its general manager told Reuters, adding that sales were hurt by last month's failed coup attempt. Sisecam, Europe's second-largest producer of the flat glass used in windows, car windscreens and ovens, is perhaps best known for...

  • *200- day moving average at $4,726 could be key for copper. *China demand growth fears persist. Earlier this week it fell to a one-month low of $4,750.50 after weak economic data raised doubts about the strength of demand in China, which accounts for nearly half of global consumption estimated at 22 million tonnes this year.

  • TOKYO, Aug 17- Hitachi Ltd and buyout firms Carlyle Group and Permira are among suitors to buy Takeda Pharmaceutical Co's chemicals unit, people with knowledge of the matter said, in a deal that could total around $1 billion. Takeda Pharmaceutical, Japan's largest drugmaker by market value, has put its 70 percent stake in unlisted Wako Pure Chemicals Industries...

  • SINGAPORE, Aug 17- 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. Global mining majors like Glencore and Anglo American, but also regional Asian players like Thailand's Banpu, are reaping the benefits.

  • MELBOURNE, Aug 17- London nickel climbed on Wednesday, rebounding from three-week lows reached in the previous session following news that Indonesia may seek to relax its ore export laws, as metals also found support from a softer dollar. Prices have rallied 20 percent since the start of June on fears that the Philippines would clamp down on exports to China, the...

  • CARACAS, Aug 16- President Nicolas Maduro said on Tuesday that Venezuela had struck $4.5 billion in mining deals with foreign and domestic companies, part of plan to lift the OPEC nation's economy out of a deep recession causing food shortages and social unrest. The socialist leader, whose popularity hit a nine-month low in a survey published this week, said he...

  • Antitrust experts said the companies, which announced they were in early-stage talks on Tuesday, would likely have to agree to divestitures to create the world's largest industrial gas company with a market value of more than $60 billion. Antitrust enforcers will want to look at submarkets, "said Seth Bloom, formerly of the U.S. Department of Justice's...

  • CARACAS, Aug 16- President Nicolas Maduro said on Tuesday that Venezuela had signed $4.5 billion in mining deals for investment in the South American country's southern mineral belt, but did not say who the deals were with or for what projects.

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions. Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint...

  • CHICAGO, Aug 16- A leading U.S. coal regulator announced plans on Tuesday to toughen what it called "out-of-date" rules for guaranteeing mine cleanups. The Office of Surface Mining and Reclamation Enforcement said it would start working with U.S. state regulators to modify rules on self-bonding, a decades-old program that allowed healthy coal companies to post...

Contact Materials and Metals

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.