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Materials and Metals Metals and Mining

  • BEIJING, April 12- China's embattled power companies may receive a long-sought reprieve from rising coal prices after the country's state planner ordered miners to increase the share of supplies sold through lower-priced long-term contracts. Prices are surging on falling domestic supply as China's government clamped down on illegal mining and required...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper slid to three-month lows on Wednesday as a tentative recovery in broader financial markets lost steam, with geopolitical tensions and fading hopes of a boost to U.S. demand putting pressure on prices. The metal slipped this week along with other cyclical assets as concerns over North...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper eased to one-month lows on Wednesday, shrugging off a tentative recovery in broader financial markets as geopolitical tensions and fading hopes for a boost to U.S. demand pressured prices. The metal slipped this week along with other cyclical assets as concerns over North Korea and the...

  • BEIJING, April 12- China's embattled power companies may receive a long-sought reprieve from rising coal prices after the country's state planner ordered miners to increase the share of supplies sold through lower-priced long-term contracts. Prices are surging on falling domestic supply as China's government clamped down on illegal mining and required...

  • *Korea tensions, lack of Trump spending plans weigh. LONDON, April 12- Copper eased to two-week lows on Wednesday, shrugging off a tentative recovery in the broader financial markets as geopolitical tensions and fading hopes for a boost to U.S. demand pressured prices. The metal slipped this week along with other cyclical assets as concerns over North Korea and...

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • MELBOURNE, April 12- London copper eased to a two-week low on Wednesday as traders cut risk amid rising geopolitical tensions with North Korea and ahead of Easter holiday. The tensions dented risk appetite in Asia, with gold at five-month highs and yields on top-rated sovereign bonds at their lowest for the year so far. *LME COPPER: London Metal Exchange copper was...

  • SHANGHAI, April 12- China stocks slid on Wednesday, as softer producer inflation data raised questions on the sustainability of the country's economic recovery and some shares that had rallied on plans for a new economic zone lost steam. China's producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled,...

  • MELBOURNE, April 12- London copper eased on Wednesday amid heightening geopolitical tensions with North Korea, but held above two-week lows hit in the previous session on hopes demand will heat up during the second quarter. North Korean state media warned on Tuesday of a nuclear attack on the United States at any sign of American aggression, as a U.S. Navy strike...

  • BEIJING, April 12- China's producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, pressured by fears that Chinese steel production is outweighing demand and threatening a glut of the metal later this year. A renaissance in China's steel industry has been a major driver of the world's second-largest...

  • BEIJING, April 12- China's producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, pressured by fears that Chinese steel production is outweighing demand and threatening a glut of the metal later this year. A renaissance in China's steel industry has been a major driver of the world's second-largest...

  • LAUNCESTON, Australia, April 12 (Reuters)- When activist shareholder Elliott Advisors went public with its call to restructure BHP Billiton, it was most likely aware that the world's largest mining company would reject the plan. Elliott, which manages more than $32.7 billion and holds about 4.1 percent of BHP's London- listed shares, wants the company to end its...

  • MELBOURNE, April 12- London copper eased on Wednesday amid heightening geopolitical tensions with North Korea, but held above two-week lows hit in the previous session on a healthy demand outlook. *SHFE COPPER: Shanghai Futures Exchange copper traded flat at 46,840 yuan a tonne. *NORTH KOREA: North Korean state media warned on Tuesday of a nuclear attack on the...

  • BEIJING, April 12- China's producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, pressured by fears that Chinese steel production is outweighing demand and threatening a glut of the metal later this year. A renaissance in China's steel industry has been a major driver of the world's second-largest...

  • WASHINGTON, April 11- The U.S. Commerce Department said on Tuesday that after an administrative review it has found South Korean steel producers have been dumping oil country tubular goods and has responded by imposing duties ranging from 2.76 percent to 24.9 percent.

  • NEW DELHI, April 11- India's top court ruled on Tuesday that Adani Power Ltd cannot charge its customers more to cover a surge in the cost of imported coal, overturning a decision by a power regulator in December. Both Adani Power and competitor Tata Power- which was also party to the ruling although it was not mentioned directly in it- struck long-term deals in the...

  • LONDON, April 11- Copper steadied on Tuesday after hitting a two-week low as the world's top two copper mines continue to recover from recent disruptions, while zinc fell to a new three-month trough. Copper has faltered after BHP Billiton restarted production in Chile last week and Freeport McMoRan said it was waiting for final details on a temporary export...

  • NEW DELHI, April 11- India's top court ruled on Tuesday that Adani Power Ltd cannot charge its customers more to cover a surge in the cost of imported coal, overturning a decision by a power regulator in December. Both Adani Power and competitor Tata Power- which was also party to the ruling although it was not mentioned directly in it- struck long-term deals in the...

  • BOSTON, April 11- Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 33 cents from its previous close at $55.55 per barrel at 11:38 a.m. EDT. West Texas Intermediate...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 45 cents from its previous close at $55.53 per barrel at 1425 GMT. "Geopolitical tensions are bad...