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Materials and Metals Metals and Mining

  • WASHINGTON— The president's chief economic adviser is casting doubt on the future of U.S. coal, saying it "doesn't really make that much sense anymore as a feedstock," directly contradicting President Donald Trump's repeated promises to revive the struggling coal industry. Joe Manchin, D- W.Va., a longtime coal advocate, said he was taken aback by Cohn's remarks,...

  • ROME, May 26- ArcelorMittal, the world's biggest steelmaker, and Italian industrial group Marcegaglia have won a bid to buy the troubled Ilva steel plant in southern Italy, a source with knowledge of the matter said on Friday. A representative for ArcelorMittal in Italy declined to comment until after Italy's industry ministry ratifies the decision.

  • *U.S., UK and Chinese traders all absent on Monday. LONDON, May 26- Copper pulled back from the previous session's three-week high on Friday with an easing of supply concerns linked to a strike at one of the world's biggest copper mines, Indonesia's Grasberg, ahead of the long weekend break. Dutch bank ING said in a note that Freeport has about 100,000 tonnes of copper...

  • *U.S., UK and Chinese traders all absent on Monday. LONDON, May 26- Copper edged back from the previous session's three-week high on Friday as concerns eased over a strike at one of the world's biggest copper mines, Indonesia's Grasberg, though moves were muted ahead of the long weekend break. Dutch bank ING said in a note that Freeport has around 100,000 tonnes of...

  • MELBOURNE, May 26- London Metal Exchange copper hovered near its highest in three weeks on Friday, supported by supply concerns after news of further disruption at Indonesia's Grasberg, one of world's biggest copper mines. Prices on Thursday tipped the highest since May 3 at $5,768.50 and have held in a wider $5,480- $5,800 range since mid-April.

  • TOKYO, May 26- Japan's Nikkei share average extended losses as the yen's gains against the dollar accelerated on Friday, though the benchmark index still managed to cap off a winning week. Oil and mining shares fell, after oil prices skidded 5 percent on Thursday and continued to drop on Friday, after a meeting of OPEC countries disappointed some investors who had...

  • MELBOURNE, May 26- London Metal Exchange copper hovered near its highest in three weeks on Friday, supported by supply concerns after news of further disruption at Indonesia's Grasberg, one of world's biggest copper mines. On the demand side, China is gradually slowing down, and we haven't seen much from the U.S.- they promised a big infrastructure package but no...

  • Prices on Thursday tipped the highest since May 3 at $5,768.50 and have held in a wider $5,480- $5,800 range since mid-April. *SHFE COPPER: Shanghai Futures Exchange edged up by 0.1 percent to 45,970 yuan a tonne. *HOLIDAYS: The London Metal Exchange and Shanghai Futures Exchange will be closed on Monday for a long holiday weekend.

  • CALGARY, Alberta, May 25- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic. To be sure, exploration in the East Shale Basin is in its infancy, spurred on by improving fracking technology, and geologists are still...

  • SANTIAGO, May 25- Chile's state-run Codelco, one of the world's biggest copper producers, is readying a domestic bond issue that will allow it to refinance its debt and fund investments, a local ratings agency said on Thursday. Codelco was in the process of registering a new debt issue worth some $1.6 billion, denominated in Chilean inflation-adjusted currency...

  • TORONTO, May 25- Freeport McMoRan Inc said Thursday that mining and milling rates at its Grasberg mine in Papua, Indonesia have been affected by an extended strike, and a "large number" of approximately 4,000 absentee workers were deemed to have resigned. Escalating labor tension is a further disruption for Freeport, entangled in a lengthy dispute with Indonesia...

  • TORONTO, May 25- Freeport McMoRan Inc said on Thursday that mining and milling rates at its Grasberg copper mine in Papua, Indonesia have been affected as some 9,000 workers stage an extended strike, and a "large number" of approximately 4,000 absentee workers were deemed to have resigned. Escalating tensions with workers is a further disruption for Freeport,...

  • SYDNEY, May 25- Copper was trading flat on Thursday, steadying a day after dropping on concerns that slowing economic growth in China could hit demand from the world's top metals consumer. *SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange gained 0.11 percent to 45,920 yuan a tonne. *UNPREDICTABLE GOLD: London's gold benchmark...

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • TORONTO, May 24- Champion Iron Ltd is thinking small with its plans to bring Quebec's giant Bloom Lake iron ore mine back to life. The recovery sparked signs of life for a handful of hibernating miners in Canada's metal-rich Labrador Trough, straddling the provinces of Quebec and Newfoundland and Labrador, including Champion, Alderon Iron.

  • Glencore confirms its in the market to acquire Bunge

    CNBC's Gemma Acton weighs in on Glencore's business strategy behind its potential acquisition of agribusiness Bunge.

  • Seen a dampening of sentiment in China: Vedanta Resources CEO

    Vedanta Resources CEO Tom Albanese speaks about earnings and the business environment in China.

  • MELBOURNE, May 24- London copper edged lower on Wednesday after credit ratings agency Moody's downgraded China due to its massive debt, with muted trade expected ahead of minutes of a Federal Reserve meeting later in the session. *CHINA: Moody's cited the growing leverage in China for the downgrade, and warned about slowing economic growth.

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminum world. Moreover, there is plenty of devil in the detail of China's aluminum exports. Graphic on China's exports of aluminum "semis":.

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminium world. Moreover, there is plenty of devil in the detail of China's aluminium exports. Graphic on China's exports of aluminium "semis":.