Business Materials and Metals

  • LONDON, Sept 9- Most industrial metals slipped in thin trade on Friday, weighed by weak oil prices, a stronger dollar and concern about Europe's economy after German exports tumbled, with zinc at its lowest in more than a week. "China has been stabilizing, but now the worries are related to the U.S. and the European manufacturing sector, which is slowing down again," said...

  • LONDON, Sept 9- A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favor of a fix that avoids a political row, government and industry sources told Reuters. Industrial sources say the favorite outcome would be a joint venture with Thyssenkrupp of Germany, which like Tata in Britain is...

  • LONDON, Sept 9- Most industrial metals slipped in thin trade, weighed by weak oil prices and concern about Europe's economy after German exports tumbled, with zinc at its lowest in more than a week. "China has been stabilizing, but now the worries are related to the U.S. and the European manufacturing sector, which is slowing down again," said Gianclaudio Torlizzi,...

  • LONDON, Sept 9- Most industrial metals slipped on Friday in thin trade, weighed down by weak oil prices and concern about Europe's economy after German exports tumbled, with zinc drifting to the lowest in over a week. "China has been stabilizing, but now the worries are related to the U.S. and the European manufacturing sector, which is slowing down again," said...

  • *Mining generated 67.8 pct of Mongolia's H1 industrial output. ULAANBAATAR, Sept 9- The long-delayed development of Mongolia's giant coal deposit at Tavan Tolgoi in the south Gobi desert is set to be revived as the North Asian country's new government looks for ways to stimulate its crisis-hit economy. Slowing demand for coal and copper, Mongolia's chief...

  • BEIJING, Sept 9- China has reduced its coal production capacity by 150 million tonnes in the first eight months of the year, representing 60 percent of its 2016 target for capacity cuts, state media said on Friday citing the state planner. Any increases would be pulled if prices fall below trigger levels respectively at 460 yuan, 470 yuan and 490 yuan also for as long...

  • *Peru copper output surges, zinc output declines. MELBOURNE, Sept 9- London copper was set to edge higher for a second week on Friday in the wake of the northern hemisphere summer lull, while prices have also been cushioned by a softer dollar. "I'm nibbling on the long side- it's a medium- to long-term view," said chief investment officer Jonathan Barratt of Ayers...

  • LIMA, Sept 8- Peru registered a $484 million trade surplus in July, the country's biggest since December 2013, as copper exports surged 81 percent year-on-year and imports dropped 13 percent, the central bank said on Thursday. July 2016 July 2015 Balance+ $484 mln- $317 mln. Exports $3.245 bln $2.850 bln Imports $2.760 bln $3.167 bln.

  • TORONTO/ MEXICO CITY, Sept 8- Goldcorp Inc has hired Bank of Nova Scotia to lead the sale process for Los Filos, its gold and silver mine in Mexico, according to two sources familiar with the situation, after putting the asset on the block earlier in the summer. David Garofalo, chief executive of the Vancouver- based gold miner, said in late July that Goldcorp was looking...

  • Sept 8- German chemicals and crop pesticides firm Bayer AG is exploring the sale of its dermatology business to push forward its deal with Monsanto Co, Bloomberg reported, citing sources. Bayer is working with JPMorgan Chase& Co on the sale, which could fetch more than 1 billion euros, the report said. The dermatology business could attract interest from existing...

  • VIENNA, Sept 8- Austrian specialty steel maker Voestalpine plans further efficiencies to make sure it hits mid-term targets in a tough trading environment, its chief executive told Reuters. The new program will be for several hundred million euros and focus on improving operations rather than restructuring, Wolfgang Eder said on Thursday.

  • JOHANNESBURG, Sept 8- Growth in South Africa's two key sectors slowed on Thursday, with weak activity renewing fears South Africa may struggle to avoid recession and a downgrade of its debt to junk status by year's end. "The first Q3 South African output data support our view that the rapid growth reported in Q2 is unlikely to be sustained," Africa analyst at Capital...

  • JOHANNESBURG, Sept 8- Growth in South Africa's two key sectors slowed on Thursday, with weak activity renewing fears South Africa may struggle to avoid recession and a downgrade of its debt to junk status by year's end. "The first Q3 South African output data support our view that the rapid growth reported in Q2 is unlikely to be sustained," Africa analyst at Capital...

  • LONDON, Sept 8- What could bring the zinc bull party to an untimely end? They appear to have already started doing so, figures from the International Lead and Zinc Study Group suggesting national output rose by 6 percent in the first half of 2016 after falling by 3 percent last year. How, for example, to square apparently rising Chinese mine production with falling...

  • TOKYO, Sept 8- Takata Corp will take initial bids from seven potential rescuers on Sept. 19, as the Japanese air bag maker at the heart of the auto industry's biggest-ever global recall fights for survival, two people with direct knowledge of the process said. Potential investors, including Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic-...

  • JAKARTA, Sept 8- Indonesia's mining ministry is scrambling to find a way around a deadline on mineral processing that could prevent some miners, including U.S. copper mining giant Freeport-McMoRan Inc, from exporting minerals from the country from 2017.. Uncertainty over Indonesia's mining rules have been a flashpoint between miners and the government for...

  • Anglo American, Glencore and Freeport have been at the forefront of those companies trying to sell, but BHP Billiton and Rio Tinto have also been seeking to rationalise their assets while signalling an interest in acquisitions. Slower growth in China triggered the slide in the prices of raw materials, and Chinese companies are among the potential buyers of...

  • *China January-August iron ore imports up 9.3 percent. Sept 8- China's steel exports fell to the lowest in six months in August amid stronger domestic prices, offering relief to rivals overseas angered by a flood of cheap Chinese products. Exports of steel products from China, a sore topic with global trade partners, fell to 9.01 million tonnes in August from 10.3...

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • An employee works at a steel factory in Dalian, Liaoning Province, China, July 4, 2016.

    Investors are watching for clues on China's economic transition. There's one industry they watch more than any other.

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