Business Materials and Metals

  • TORONTO, Aug 22- Canada's main stock index fell on Monday as lower oil and metal prices weighed on energy and mining stocks, while Alimentation Couche-Tard Inc jumped after the convenience store operator bought a U.S. chain in an expansion move. The energy group retreated 1.2 percent, with oil prices falling as China ramped up exports of refined products, U.S. oil...

  • LONDON, Aug 22- Hope springs eternal in Cornwall when it comes to reviving tin mining in this southwestern corner of the United Kingdom. And although the current London Metal Exchange tin price of around $18,500 a tonne is much higher than back then, it is a far cry from the peak of $33,600 recorded in 2011.. Then it was the surprise emergence of a new mega-mine in...

  • LONDON, Aug 22- European markets bounced back on Monday, recovering from a sharp fall over the previous week as Swiss chemical company Syngenta jumped after a bid for it by ChemChina was cleared by a U.S. watchdog. Syngenta was up 11.9 percent, the top STOXX Europe 600 riser after U.S. regulator CFIUS cleared ChemChina's $43 billion takeover, removing significant...

  • *China copper exports hit over 75,000 T in July. MELBOURNE, Aug 22- London copper extended a slide on Monday as glut-hit China ramped up its exports of the metal as the dollar strengthened ahead of a key meeting of U.S. Exports of unwrought copper and copper products from China, the world's top user of the metal, stood at 75,022 tonnes in July, a more-than-fivefold...

  • LONDON, Aug 22- Swiss shares outperformed a flat European stock market on Monday, boosted by a jump in Swiss chemical company Syngenta after a bid by ChemChina to buy the firm was cleared by a U.S. watchdog. The stock contributed 32 points to Switzerland's SMI index, and single-handedly accounted for its gains. The STOXX 600 was down 0.1 percent, extending losses...

  • LAUNCESTON, Australia, Aug 22- A year ago it's likely you would have got better odds that Fortescue Metals Group and Bluescope Steel would go under rather than double profits, given the dire outlook for both iron ore and steel products at that time. Of course, both Fortescue, Australia's third-biggest iron ore miner, and Bluescope, the nation's most valuable steel...

  • Fortescue FY

    Fortescue Metals CEO Nev Power says the speed at which the miner can reduce its debt pile depends on the price of iron ore.

  • *China copper exports hit over 75,000 T in July. MELBOURNE, Aug 22- London copper edged down on Monday in the face of a stronger dollar and as glut-hit China ramped up its exports of the metal. Exports of unwrought copper and copper products from China, the world's top user of the metal, stood at 75,022 tonnes in July, a more-than-fivefold increase from the same month a...

  • Bluescope Results

    Bluescope Steel MD and CEO Paul O'Malley says a broad-based cost reduction program drove the company's profitability.

  • MELBOURNE, Aug 22- London copper held its ground on Monday in the face of a stronger dollar, with markets looking ahead to a breakdown of China's imports for fresh clues on its metals demand. *Shanghai Futures Exchange copper had finished Friday's late session down 0.1 percent at 37,290 yuan a tonne. *Hedge funds and money managers decreased their net long...

  • 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...

  • *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.

  • 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...

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