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Materials and Metals Metals and Mining

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • LONDON, April 24- Global steel output surged 5.7 percent in the first quarter, industry data showed on Monday, adding to worries about over-supply even though China is pressing on with plans to cut excess capacity. Beijing, which has pledged to cut 100-150 million tonnes of excess steel capacity by 2020, on Monday revoked the licenses of 29 steel firms, just days...

  • *Japan concerned over Trump's "protectionism". MANILA/ BEIJING, April 24- Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States...

  • April 24- Anglo American reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 percent due to poorer grades and a temporary suspension at the El Soldado mine in Chile. Copper output fell 3 percent due to poorer quality ore in Chile combined with the halting of mining operations at El Soldado from...

  • SYDNEY, April 24- Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange gained 0.23 percent...

  • GENEVA— The top executive of LafargeHolcim announced Monday that he will resign, citing "strong tensions" facing the Swiss-French cement maker since its admission last month that it had struck deals with armed groups in Syria— allegedly including the radical Islamic State group. LafargeHolcim announced the internal probe last month as it acknowledged...

  • BEIJING, April 24- Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday. President Donald Trump on Thursday launching an investigation of China and other steel producers for dumping cheap...

  • SYDNEY, April 24- Shanghai copper futures opened higher on Monday but quickly went into negative territory as investors cut bets that Chinese demand was getting stronger and that global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange dropped 0.24...

  • *Rebates, huge surplus fueling China's steel exports. President Donald Trump's first shot across China's bow over its steel exports, escalating a years-long brawl over trade between the world's top two economies, may not pull up Beijing. Speaking in the U.S. capitol at IMF and World Bank meetings after Trump launched a trade probe against China and other...

  • LONDON, April 21- Is aluminium the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminium prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • LONDON, April 21- Is aluminum the new steel for China's policy-makers? Threats to close capacity in the region around Beijing over the winter heating months had already propelled aluminum prices higher. They have just been given a further boost by news that Beijing has ordered the suspension of new capacity in the northwestern province of Xinjiang.

  • ZURICH, April 23- LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday. The cement maker in March said one of its cement plants probably paid protection money to armed groups in Syria...

  • ZURICH, April 23- LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, the Financial Times reported on Sunday, citing sources close to the company. LafargeHolcim declined to comment on the FT report. The cement maker in March said...

  • Joe Manchin and other coal-state Democrats threatened to shut down the government over the issue in December, but they retreated after winning a four-month extension that preserves benefits through April 30. "We will use every vehicle we can, every pathway we can, to make sure we do not leave here... until we have our miners protected," he said in a speech on the Senate...

  • VP raised Freeport dispute in discussion with Widodo. Indonesia's trade ministry issued Freeport with a permit to export 1.1 million tonnes of copper concentrate up to February next year, although it was unclear how long shipments would last. Freeport is still at loggerheads with Indonesia over rights to its giant Grasberg mine in Papua, and tensions with...

  • Tensions are rising around Grasberg, the world's second-biggest copper mine, after operator Freeport laid off thousands of workers there to stem losses from an ongoing dispute with the Indonesian government over mining rights. While Freeport is expecting to soon seal agreements with Jakarta to allow it to temporarily resume copper concentrate exports...

  • BUENOS AIRES, April 21- Barrick Gold Corp and its new Chinese partner presented a $500 million plan on Friday to make safety and environmental improvements to the Veladero gold mine in Argentina after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul environmental and operating processes...

  • BUENOS AIRES, April 21- Barrick Gold Corp and its new Chinese partner presented a $500 million plan on Friday to make safety and environmental improvements to the Veladero gold mine in Argentina after the third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul environmental and operating...