Business Materials and Metals

More

  • LONDON, March 22- Gold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the attacks, and was 0.9 percent higher at $1,254.35 an ounce at 1246 GMT.

  • *At least 13 dead in blasts at Brussels airport, Metro. LONDON, March 22- Gold rallied more than 1 percent on Tuesday after two explosions at Brussels airport killed at least 13 people and a further blast hit the Belgian capital's Metro, with investors seeking assets seen as a haven from risk. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the news, and...

  • Don't write off China: Fortescue's Andrew Forrest

    Andrew Forrest, chairman of Fortescue Metals Group, praises the volume of growth of the Chinese economy.

  • An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.

  • *Says growth in Australia coal supply has tapered. MELBOURNE, March 22- New Hope Corp, Australia's top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term. New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for...

  • CALGARY, Alberta, March 21- The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648- barrel bitumen emulsion leak in 2013.. Bitumen emulsion- a mixture of bitumen, sand and water- was discovered oozing to the...

  • BRIEF-TOYO ENGINEERING TO BUILD A FERTILIZER PLANT IN INDIA-. *Toyo Engineering is building what would be one of the world's largest fertilizer plants in India- Nikkei. *Toyo Engineering won a roughly 70 billion yen turnkey contract from Chambal Fertilisers And Chemicals for a new plant in state of Rajasthan.

  • FRANKFURT, March 21- Shares in German drugs and pesticides maker Bayer rose more than 5 percent on Monday after sources close to the matter told Reuters that Monsanto was interested in a deal with its crop science business. Bayer's shares gained as much as 5.4 percent on Monday, and at 1235 GMT were up 3.2 percent at 102.45 euros, a 7- week high. Bloomberg at the...

  • *Expectation of more U.S. shale gas output adds pressure. LONDON, March 21- Oil prices recovered from early losses on Monday as the market digested news of a modest rise in. Brent crude futures were 2 cents lower at $41.18 a barrel by 1105 GMT, having risen from a session low at $40.48, while U.S. futures eased by 53 cents to $38.91.

  • SHANGHAI, March 21- The European Union's call to step up measures on imports of Chinese steel products will not solve the problems facing the global steel industry but will affect the international trade order, China's Commerce Ministry said on Monday. The European Commission announced plans on March 16 to speed up trade defense cases against cheap imports...

  • LONDON, March 21- European shares fell on Monday, as a decline in the share prices of major mining stocks and in French supermarket operator Casino weighed on the region's stock markets. The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both down by 0.7 percent. However, Bayer's shares rose after people familiar with...

  • SHANGHAI, March 21- Bohai Steel Group Co Ltd, a steelmaker based in northeast China, may be unable to make full repayment on 192 billion yuan of debt, the online financial magazine Caixin reported. The city government of Tianjin, which owns the firm, has set up a committee of creditors to help resolve the problem, Caixin said on Saturday. Creditors include the Tianjin...

  • MELBOURNE, March 21- London copper rose on Monday, moving toward the four-month high reached in the previous session, underpinned by expectations that U.S. and European central banks will keep loose monetary policies and amid stronger seasonal demand. Meanwhile copper shipments have streamed into China, boosting stockpiles to record levels, even as its...

  • SHANGHAI, March 21- Bohai Steel Group Co Ltd, a steelmaker based in northeast China, may be unable to make full repayment on 192 billion yuan of debt, the online financial magazine Caixin reported. The city government of Tianjin, which owns the firm, has set up a committee of creditors to help resolve the problem, Caixin said on Saturday. Creditors include the Tianjin...

  • MELBOURNE, March 21- London copper eased on Monday from its highest in more than four months hit the session before, but was underpinned by expectations of loose policy for longer in the United States and Europe and a period of stronger seasonal demand. *Three-month copper on the London Metal Exchange had slipped 0.1 percent to $5,039 a tonne by 0120 GMT, paring...

  • March 20- The Sherwin-Williams Co has agreed to acquire rival U.S. paint company Valspar Corp, the companies said on Sunday, in an all-cash deal valued at about $9.3 billion. Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69. "The combination expands our brand portfolio and customer relationships in...

  • March 20- The Sherwin-Williams Co has agreed to acquire rival U.S. paint company Valspar Corp, the companies said on Sunday, in an all-cash deal valued at about $8.9 billion. Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69. Sherwin-Williams and Valspar said they have highly complementary products,...

  • March 20- The Sherwin-Williams Co, a U.S. paint company, said on Sunday it agreed to acquire Valspar Corp for about $11.3 billion, or $113 per share, in an all-cash transaction. The transaction also accelerates Sherwin-Williams' growth strategy by expanding in the Asia-Pacific region, Europe, the Middle East and Africa, and also adds new capabilities in the...

  • March 20- The Sherwin-Williams Co, a U.S. paint company, said on Sunday it agreed to acquire Valspar Corp for about $11.3 billion, or $113 per share, in an all-cash transaction.

  • KINSHASA, March 19- Mining and oil firms in Democratic Republic of Congo must pay taxes and import duties in U.S. dollars from Saturday rather than in the national currency, the Central Bank of the Congo said. Congo is Africa's top producer of copper, and mining is key to an economic boom that has seen growth rates of 8 percent for five years, among the highest in the...

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.