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Materials and Metals Metals and Mining

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.5 percent, after five weeks of steady losses, partly on speculation any action by the U.S. would mostly target China which is easily...

  • SYDNEY, April 21- Zinc led an across-the board rise in Shanghai base metals futures on Friday on the back of robust gains in overnight London trading and buoyant equity markets. *The most-traded zinc contract on the Shanghai Futures Exchange climbed more than 3 percent to 21,915 yuan a tonne. *Three-month zinc on the London Metal Exchange was slightly weaker at...

  • WASHINGTON, April 20- President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an...

  • TORONTO, April 20- Canada's main stock index rose on Thursday after shares of Canadian Pacific Railway Ltd jumped on an upbeat earnings report and mining shares benefited from a gain in commodity prices. The Toronto Stock Exchange's S&P/TSX composite index closed up 72.68 points, or 0.47 percent, at 15,625.56. Barrick Gold Corp rose 1.5 percent to C $25.86, and...

  • WASHINGTON, April 20- President Donald Trump moved on Thursday against China and other exporters of cheap steel into the U.S. market, launching a federal investigation to determine whether foreign-made steel threatens U.S. steelmakers and national security. China is the largest national producer and makes far more steel than it consumes.

  • Commerce Secretary Wilbur Ross cast the decision to initiate the probe as a response to Chinese exports of steel into the United States reaching the point where they now have 26 percent of the market. The unusual step of launching an investigation comes as Trump is pressuring China to do more to rein in an increasingly belligerent North Korea.

  • NEW YORK, April 20- U.S. steel stocks rallied on Thursday as U.S. Commerce Secretary Wilbur Ross said the investigation is in response to Chinese exports of steel into the United States reaching the point where they now have 26 percent of the market. Trump signed a directive asking for a speedy probe under section 232 of the Trade Expansion Act of 1962 at a White...

  • WASHINGTON— President Donald Trump directed his administration Thursday to expedite a just-launched investigation into whether steel imports are jeopardizing U.S. national security, saying, "This is not an area where we can afford to become dependent on other countries." American-made steel once accounted for roughly 20 percent of global production, but...

  • SAO PAULO, April 20- Brazilian stocks gained on Thursday, supported by a rally in shares of miner Vale SA following solid first-quarter production figures. The company's shares rose as much as 4.9 percent, adding the most points of any stock to Brazil's benchmark Bovespa index. Mounting tensions in North Korea and Syria have dampened demand for higher-yielding...

  • LONDON, April 20- Copper, zinc and other base metal prices gained on Thursday as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand. Commodity Trading Advisors often run funds that use computer models to track momentum and technical signals, such as the 200- day moving average, which zinc and lead...

  • MOSCOW, April 20- Severstal, one of Russia's biggest steelmakers, said on Thursday its core earnings more than doubled in the first quarter as it benefited from a rebound in metals prices, although the result lagged market expectations. Earnings before interest, taxation, depreciation and amortization totalled $578 million, up from $273 million in the first...

  • MANILA, April 20- The Philippine environment minister said she has been given the green light by President Rodrigo Duterte to work with communist rebel fighters to help rehabilitate and develop the country's mining areas. The decades-long conflict between the New People's Army rebels and the Philippine government has killed more than 40,000 people.

  • *Philippines is world's top nickel ore supplier. MANILA, April 20- The Philippine environment minister said she has been given the greenlight by President Rodrigo Duterte to explore an unorthodox strategy to rehabilitate and develop the country's mining areas: recruit communist rebel fighters to help. The plan of Environment and Natural Resources...

  • LONDON, April 20- Tanzanian gold producer Acacia Mining will have to review its mining operations if the government's ban on gold and copper ore exports remains in place, a senior executive said on Thursday. Shares in Acacia, which is majority owned by Barrick Gold, briefly touched a six-week low, paring losses by 0900 GMT to trade down 3.7 percent after it said...

  • MELBOURNE, April 20- London copper rose on Thursday but was still not far from its lowest for the year after China's refined production surged in March, underlining ample stocks in the world's biggest metals consumer. China's refined copper output rose 8.5 percent in March from a year ago to its highest since at least December 2015. *CHINA OUTPUT: China's refined...

  • MOSCOW, April 20- Severstal, one of Russia's biggest steelmakers, said on Thursday its core earnings more than doubled in the first quarter as it benefited from rebounding metals prices, although its results lagged market expectations. Earnings before interest, taxation, depreciation and amortisation totalled $578 million, up from $273 million in the first...

  • Where are iron ore prices headed?

    Jonathan Barratt, Ayers Alliance Securities, weighs in on Rio Tinto guidance and says iron ore prices will find a base.

  • MELBOURNE, April 20- London copper rose on Thursday but was mired near its lowest for the year after China's refined production surged in March, underlining ample stocks in the world's biggest metals consumer. *SHFE COPPER: Shanghai Futures Exchange copper slipped by 0.4 percent to 45460 yuan a tonne. *CHINA OUTPUT: China's refined copper output rose 8.5 percent...

  • LONDON, April 19- Copper's bull momentum from the start of the year is fading as the disruption premium from supply hits at the world's two largest mines unwinds and broader risk-off turbulence also joins the mix. Three-month copper on the London Metal Exchange slid through $5,600 on Tuesday to hit $5,568.50 a tonne, its lowest level since January.

  • Despite Chinese property curbs, mainland construction will likely support iron ore pries going forward, says Paul Bartholomew of S&P Global Platts.