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Materials and Metals Metals and Mining

  • *Spot gold may gain further to $1,272 per ounce- technicals. May 23- Gold was steady on Tuesday with investors staying on the sidelines following an explosion in the English city of Manchester that left at least 19 people dead and over 50 injured. "Right now, precious metals prices are relatively quiet, this despite tragic news coming out of Manchester, England," said...

  • MELBOURNE, May 23- London copper held near its highest in three weeks on Tuesday as the dollar fell, with focus shifting to an upcoming monthly breakdown of China trade data. *London Metal Exchange copper was flat at $5,706 a tonne at 0135 GMT, after a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • TOKYO, May 23- Japan's top steelmaker Nippon Steel& Sumitomo Metal is considering measures to counter volatile coking coal prices, such as contracts of varying lengths and seeking out supply sources outside of Australia, its senior official said. Japanese steelmakers have suffered heavy costs from surging coking coal prices and were forced to scramble for...

  • NEW YORK— Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO. Elliott owns more than 13 percent in Arconic Inc. and has pushed for management changes, complaining of underperformance at the New York- based maker of aluminum parts for the aviation and automotive industries. Arconic was created after...

  • LONDON, May 22- Zinc and nickel touched their highest in over two-weeks on Monday after China launched a regional crackdown on the steel industry, including production of the two metals. Benchmark zinc on the London Metal Exchange rose 1 percent to $2,641 per tonne, its highest since May 2 while nickel hit its highest since May 3, up 0.6 percent to $9,415.

  • GENEVA— Cement maker LafargeHolcim says Jan Jenisch will become its new CEO following the departure of Eric Olsen amid fallout from its admission that it had struck deals with armed groups in Syria. He cited "strong tensions" facing the Swiss-French company following the admission in March that it had made deals with unspecified groups in Syria.

  • MELBOURNE, May 22- Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fueled worries about supply of the construction material and lifted prices of its raw materials. "It's all very macro-driven at the moment," said analyst Daniel Morgan at UBS in Sydney. London Metal Exchange zinc rallied 0.9...

  • "It is a game-changer in the Australian philanthropic community and it will change the lives of thousands of people here in Australia and around the world," Turnbull told a ceremony at Parliament House. Sarah Davies, chief executive of Philanthropy Australia, the country's peak body for philanthropy, said Australia did not have the United States' tradition of...

  • New bull run in copper ahead?

    There's a shortage of copper supply coming up, says Andrew Stewart, Xanadu Mines,

  • MELBOURNE, May 22- Shanghai zinc and nickel surged on Monday on the back of a sustained crackdown in China's polluting steel industry, which fueled worries about steel supply and lifted the prices of its raw materials. Both metals were jolted out of a downtrend that last week saw them touch their lowest for the year amid concerns about a slowdown in China's metals...

  • NASHVILLE, Tenn.— After finishing a one-year prison sentence, a former West Virginia coal executive has wasted no time resuming a campaign for vindication in the deadliest U.S. mine disaster in four decades. In a phone interview Friday, ex-Massey Energy CEO Don Blankenship took up the same fight he waged before his 2015 trial: to convince people that natural gas,...

  • Fortescue CEO: Turned our balance sheet very rapidly

    Fortescue Metals Group CEO Nev Power explains why the company looks at the longer-term trends when it comes to volatility surrounding iron ore demand.

  • MELBOURNE, May 19- London copper was set for a weekly gain on Friday as dollar weakness cushioned prices, but the outlook was tainted by investors cutting exposure to metals on China demand concerns. Economic data in China didn't help quell fears about weaker demand, "said ANZ in a report. *SHFE COPPER: Shanghai Futures Exchange copper ended the session up 0.4...

  • *China zinc output hit lowest in over 2 years in April. MELBOURNE, May 19- China is likely to step up imports of refined zinc from this month, industry sources said on Friday, as dwindling global supplies of concentrate hit local output of the metal, used to galvanize steel. China's refined zinc output marked its lowest in more than two years in April as the impact from...

  • MELBOURNE, May 19- London copper was set for a slightly higher close on Friday as dollar weakness cushioned prices, but the outlook was tainted by investors in China cutting exposure to metals which has hurt demand. *LME COPPER: London Metal Exchange copper traded little changed at $5,586.50 a tonne by 0216 GMT, having closed down half a percent in the previous...

  • Demand 'pretty strong right now': Fortescue CEO

    Nev Power, CEO of Fortescue, says he expects demand for commodities to remain stable as China looks able to maintain its level of steel production.

  • TORONTO, May 18- Canada's main stock index turned positive after hitting a five-month low in morning trade on Thursday, boosted by a rebound in heavyweight financial stocks, while mining stocks were lower, along with prices of commodity metals. Shares of the country's largest bank, Royal Bank of Canada, rose 1.1 percent to C $92.54 and its biggest life insurer,...

  • TORONTO, May 18- Canada's main stock index turned positive after hitting a five-month low in morning trade on Thursday, boosted by a rebound in heavyweight financial stocks, while mining stocks were lower, along with prices of commodity metals. Shares of the country's largest bank, Royal Bank of Canada, rose 1.1 percent to C $92.54 and its biggest life insurer,...

  • LAUNCESTON, Australia, May 18- Hedge fund Elliott Management is probably about half way to achieving its goal of extracting better returns out of BHP, the world's largest mining company. BHP Chief Executive Andrew Mackenzie, speaking to an audience of bankers and investors in Barcelona on May 16, said the miner had made consistent progress and was confident it...

  • Rise of ETFs in Australia

    Heather Brilliant, Morningstar Australasia, says Australia is turning to the growth in financial services as the mining sector wanes.