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Business Materials and Metals

  • MELBOURNE, Nov 2- Tin prices appear to have well and truly recovered after being mugged by an unexpected supply surge from Myanmar, but there are still questions as to whether they are now ready for an extended rally. What is impressive about tin's gains this year is they have been achieved despite the flow of tin ores and concentrates from Myanmar to top importer...

  • Assessing the Alcoa, Arconic split

    Greater value will come from Alcoa's more high-tech, downstream spin-off Arconic, says David Lennox, resources analyst at Fat Prophets.

  • Significant downside for Alcoa shares: Analyst

    Arconic's share price might have slipped but it has more optimistic growth prospects ahead of it than Alcoa, says Morningstar's Andrew Lane.

  • Australia's CSR sees a lift in H1 profits

    CSR MD Rob Sindel tells how the building products division helped to drive overall earnings and explains the noise around the decline in building approvals.

  • SYDNEY, Nov 2- New Caledonia nickel producer Societe Le Nickel, a subsidiary of French conglomerate Eramet, on Wednesday said a series of explosions at a smelter had temporarily disrupted output earlier this week. "The furnace started to resume operations yesterday and we are now back to normal," Beligon said by telephone from New Caledonia's capital Noumea,...

  • What to make of Arconic's slip on its debut

    The drop in Arconic's share price was likely due to markets reacting to Moody's downgrading its credit rating, says The Motley Fool's Jason Hall.

  • NEW YORK/ LONDON, Nov 1- Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the U.S. election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk. The announcement of an FBI investigation into Hillary Clinton's use of a private email server during her time as...

  • LONDON, Nov 1- Zinc rose to a fresh five-year high on Tuesday on expectations of tight supply, while a softer dollar helped tin reach a two-year peak and aluminium its highest in 15 months. Zinc, widely used in alloys, jumped after Glencore said on Monday it had shuttered its Black Star mine in Queensland. Benchmark zinc on the LME reached a peak of $2,485, its highest...

  • TORONTO, Nov 1- Canada's main stock index rose on Tuesday as safe-haven demand for precious metals supported mining shares. The most influential movers on the index were Barrick Gold Corp, which jumped 4.1 percent to C $24.56, and Franco Nevada Corp, which advanced 2.5 percent to C $89.97. Canada's second-largest carrier reported a higher-than-expected...

  • *Q3 adj profit 33 cents/ shr vs est 10 cents/ shr. Nov 1- U.S. fertilizer producer Mosaic Co may need to restart its idled potash mine at Colonsay, Saskatchewan next year, as international buyers work through inventories, the company said on Tuesday. Potash inventories in Brazil are low, supplies are dwindling in India and fertilizer is moving faster in China, said...

  • LONDON, Nov 1- Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the U.S. election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk. The announcement of an FBI investigation into Hillary Clinton's use of a private email server during her time as Secretary of...

  • LONDON, Nov 1- Zinc hit a fresh five-year high on Tuesday as expectations for tight supply supported interest in the metal, while a softer dollar helped tin reach a two-year peak and aluminium its highest in 15 months. Zinc, widely used in alloys, rallied on Monday after Glencore said it had shuttered its Black Star mine in Queensland. "Even if you factor in a...

  • SYDNEY, Nov 1- Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was mothballed more than two years ago, with a resurgence in prices for the commodity breathing life into the sector. Less than a year after the coal industry was declared to be in terminal decline, markets for coal used to generate power and make steel have...

  • *Q3 adj profit 33 cents/ shr vs est 10 cents/ shr. Still, the average realized price of $160 per tonne of potash was much lower than $265 per tonne a year earlier. Plymouth, Minnesota- based Mosaic's net earnings fell to $39.2 million, or 11 cents per share, from $160 million, or 45 cents per share, a year earlier.

  • The Plymouth, Minnesota- based company sold 2.2 million tonnes of potash in the three months ended Sept. 30, compared with its forecast of 1.8-2.1 million tonnes, and up from 2.1 million tonnes last year. Still, the average realized price of $160 per tonne of potash, was much lower than $265 per tonne a year earlier. Mosaic's net earnings fell to $39.2 million, or 11...

  • Zinc, widely used in alloys, rallied on Monday after Glencore said it had shuttered its Black Star mine in Queensland. The benchmark zinc contract on the LME reached a peak of $2,485, its highest since August 2011, before easing back to $2,452 a tonne by 1055 GMT, down 0.2 percent. "Even if you factor in a significant amount of new mine supply next year, you're still...

  • TOKYO, Nov 1- Nippon Steel& Sumitomo Metal Corp posted a plunge in profits for the six months to September, but the top steelmaker of Japan defied estimates by retaining its annual outlook at a time when higher raw material costs have led to a cut by others. "Looking at the recent orders from customers, we see solid demand in auto and construction segments in Japan...

  • Nov 1- Mosaic Co, the world's largest producer of finished phosphate products, reported a 75.5 percent fall in quarterly profit on Tuesday, due to lower fertilizer prices. The company's net earnings fell to $39.2 million, or 11 cents per share, in the third quarter ended Sept. 30 from $160 million, or 45 cents per share, a year earlier. The U.S. fertilizer company said net...

  • SINGAPORE, Nov 1- London zinc rose for a fourth consecutive session on Tuesday to its highest in more than five years, on expectations of tight supplies after Glencore said it had closed one of its mines in Australia. Copper traded near its highest in a month, supported by an improved demand outlook in China. The benchmark zinc contract on the London Metal Exchange...

  • SYDNEY, Nov 1- Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was shuttered more than two years ago, with a resurgence in prices for the commodity breathing new life into the sector. Less than a year after the coal industry was declared to be in terminal decline, markets for coal used to generate power and make steel have...

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