NEW YORK— Shares of Freeport-McMoRan are rising sharply after the copper mining company agreed to add two new members to its board from activist investor Carl Icahn. Icahn and his investment companies own an 8.8 percent stake in Freeport-McMoRan. Freeport-McMoRan Inc. shares rose $1.44, or 12.2 percent, to $13.27 in morning trading.» Read More
Codelco, the Chilean state miner that produces about 8 percent of the world's copper, will review the cost reduction plan at its Salvador mine as it prepares to restart operations there after torrential rains shuttered the complex in March, said a source close to the state-run miner. Salvador produced copper at a cost of some $11,439 per tonne in the fourth...
MES AYNAK, Afghanistan, April 12- China and Afghanistan remain deadlocked over a stalled $3 billion copper mine five months after Beijing demanded royalties be slashed by almost a half, underlining Kabul's struggles to support itself as foreign aid dries up. Tapping Afghanistan's estimated $1 trillion mineral resources is a top priority for President...
Alcoa reported a mixed quarter on Wednesday, beating expectations on earnings, but missing on revenue.
Warren Buffett's Berkshire Hathaway is paying $560 million for a nearly 10 percent stake in Axalta Coating Systems.
Ambrosino Brothers' Todd Colvin said investors looking for safety amid a volatile market should buy gold.
Many Chinese steel mills could close this year, with the state expected to offer incentives for enterprises to shut due to slowing economy and pollution.
Alcoa said it would acquire titanium supplier RTI International Metals for $1.5 billion, or the equivalent of $41 per share, in an all-stock deal.
The US market rally continued Friday as US stocks kept rising on European numbers and easing China regulations.
The CNBC Crowdfinance 50 Index lists the most active private companies raising capital through the use of equity crowdfunding platforms.
Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.
Stable, low oil prices are good because the drop in crude is supply-driven and will act as stimulus, Dow Chemical CEO Andrew Liveris tells CNBC.
As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.
Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
The abrupt retirement of United Technologies' CEO was in part due to growing concerns over his private interests, The Wall Street Journal reported.
CNBC's Diana Olick reports on the potential impact of lower oil prices to materials companies and homebuilder companies.
A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.
Newmont Mining shares have already gotten crushed. So why does one trader think there's even more downside coming in the next three months?
When China cuts interest rates, McDonald's outperforms the market five days later and makers of stone and gravel also beat the market, history shows.