GO
Loading...

Enter multiple symbols separated by commas

Business Materials and Metals

More

  • S.AFRICA' S HARMONY GOLD SAYS 280 EMPLOYEES BROUGHT SAFELY TO SURFACE AFTER UNDERGROUND FIRE AT ITS MINE.

  • *Mine belongs to Harmony Gold. JOHANNESBURG, Feb 22- About 200 miners were missing on Sunday after an underground fire at a mine belonging to South Africa's Harmony Gold, the company said. South Africa's gold mines are the deepest in the world and were ranked as some of the most dangerous during the apartheid era.

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is the U.S. arm of...

  • *China markets reopen on Feb. 25. LONDON, Feb 20- Copper prices fell on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday. Markets in China, which consumes roughly 40 percent of global refined copper, will reopen on Feb. 25.

  • *Gold's price premium over platinum tops $50/ oz. *Platinum, gold spread at highest in nearly 2 years. LONDON, Feb 20- Platinum's discount to gold hit its highest level on Friday since the gold price crash of April 2013, as concerns over the euro zone outlook lifted demand for the yellow metal as a haven, while dampening sentiment towards platinum.

  • *Paris, London mayors take measures against diesel. LONDON/ JOHANNESBURG, Feb 20- Platinum producers struggling back from South Africa's longest-ever mining strike are now contending with threats to a long-awaited price recovery, notably Europe's emerging dislike of diesel engines. Its rival Lonmin, having plunged into the red last year, also expects higher...

  • Feb 20- Canadian base metal miner First Quantum Minerals Ltd reported a 42.5 percent drop in adjusted quarterly profit on Friday, hurt by higher copper production costs and lower copper prices. First Quantum's net income, however, more than tripled to $453.2 million as the company recorded a $382.2 million gain related to the revaluation of Zambian deferred...

  • *China markets closed until Tuesday. *Asia aluminium premiums set to sag on China exports. LONDON, Feb 20- Copper slipped on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday.

  • Feb 20- Canadian base metal miner First Quantum Minerals Ltd reported a 42.5 percent drop in quarterly profit on Friday as copper prices plunged to five-and-a-half year lows. Comparative earnings, excluding one-time items, fell to $76.9 million, or 13 cents per share, in the fourth quarter ended Dec. 31, from $133.8 million, or 23 cents, a year earlier.

  • MOSCOW, Feb 20- Russian fertiliser producers are willing to cut prices by up to 33 percent for domestic customers, Russian news agencies reported on Friday, citing Igor Artemyev, head of the country's Federal Anti-Monopoly Service. Artemyev's comments came after Deputy Prime Minister Arkady Dvorkovich said that Russia did not plan to impose an export tax on...

  • METALS-Copper eyes flat week with China buyers out Thursday, 19 Feb 2015 | 8:56 PM ET

    MELBOURNE, Feb 20- London copper edged down on Friday, after a solid U.S. labor report boosted the dollar, with prices set to close the week little changed amid the Lunar New Year holiday in top consumer China. A rebound from 5-1/ 2 year lows touched in mid January has run out of steam with top user China away from the market. *China's stock, bond, foreign exchange and...

  • Feb 19- Newmont Mining Corp, the U.S.' s largest gold producer, reported on Thursday a narrower adjusted fourth quarter profit, though earnings were stronger than expected. Adjusted net income, which excludes one-time items like non-cash write downs, was $86 million, or 17 cents a share, in the quarter ended Dec. 31, compared with $143 million, or 28 cents a share, in the...

  • TORONTO, Feb 19- Goldcorp Inc posted a hefty loss on Thursday as it took a $2.3 billion impairment charge on a new mine in Argentina, the second multi-billion dollar writedown from a top gold miner in as many days. The charge follows an even larger $2.8 billion writedown reported by Barrick Gold Corp, the world's top gold producer by production.

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. "If you want global supply and global prices, you need a Rexam plus Ball, because neither Rexam nor Ball individually are global," said Jefferies&...

  • Feb 19- General Motors Co on Thursday named Craig Glidden, chief legal officer at chemicals company LyondellBasell Industries NV, as its general counsel, succeeding Michael Millikin, who is retiring in July. Glidden, 57, helped steer LyondellBasell out of bankruptcy and through restructuring. Glidden has been LyondellBasell's top lawyer since 2009, the same...

  • TORONTO, Feb 19- Goldcorp Inc on Thursday said its fourth-quarter loss more than doubled as it took a $2.3 billion impairment charge on its new Cerro Negro gold mine in Argentina. The company, the world's biggest gold producer by market value, said its net loss widened to $2.4 billion, or $2.94 a share, from $1.1 billion, or $1.34 a share, a year earlier.

  • RIO DE JANEIRO, Feb 19- Brazilian miner Vale SA said on Thursday it produced 319.2 million tonnes of iron ore in 2014, beating its forecast for the year, as it begins to boost production after years of stagnation. The growth in production will be more than offset by falling iron ore prices, which fell by half last year as a massive increase in Australian capacity...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. Shares in Rexam, which makes cans for Coca-Cola Co and Anheuser-Busch InBev, rose more than 6 percent to 571.5 pence in early trading before...

  • *China's markets closed for Lunar New Year holiday. Three-month nickel prices on the London Metal Exchange dropped to a session low of $13,910 a tonne, the weakest since Feb. 6, 2014, and slightly pared losses to $13,945 by 1041 GMT, down 2.2 percent. That might have weighed on sentiment, "said Xiao Fu, head of commodity market strategy at Bank of China International in...

  • OSLO/ FRANKFURT, Feb 19- Norwegian fertiliser maker Yara and German chemicals firm BASF will spend $600 million building an ammonia plant in Texas, taking advantage of cheap shale gas to expand their presence in the United States, the companies said. Yara will own 68 percent of the project, to be built on BASF's industrial complex in Freeport, while the German firm...

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.