Materials and Metals Metals and Mining

  • *Spot gold was up 0.2 percent at $1,316.30 an ounce by 0052 GMT, but was on track to end the week down nearly 1 percent. *U.S. gold futures rose 0.1 percent to $1,319.80 an ounce. *Barrick Gold Corp said on Thursday that operations at its Veladero mine in Argentina were temporarily suspended by the government after a "small quantity" of processing solution that contains...

  • LONDON, Sept 15- Nickel slumped to the lowest in more than two months on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel is up about 12 percent this year, having hit a one-year peak in early August as authorities in the Philippines launched a campaign to close mining operations that failed to met...

  • TORONTO, Sept 15- Canadian base metals miner Lundin Mining Corp has won a two week extension until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine, Lundin said in a statement on Thursday. Lundin, previously granted an extension to Sept. 15, said it continues to review, with legal and financial advisors, its ownership in the...

  • BUENOS AIRES, Argentina— Barrick Gold Corp. said on Thursday that it is temporarily suspending operations at its Veladero mine in Argentina following a new leak. The Canada- based company said "a small quantity of solution left the leach pad," without affecting watercourses. Barrick told The Associated Press in an email late Thursday that Veladero's General...

  • TORONTO, Sept 15- Barrick Gold Corp said on Thursday that operations at its Veladero mine in Argentina were temporarily suspended by the government after a "small quantity" of processing solution that contains cyanide leaked outside a processing area. The affected ground and other material was collected and returned to the pad, said Barrick spokesman Andy...

  • Sept 15- Barrick Gold Corp, the world's largest gold producer, said on Thursday Argentina's San Juan province announced a temporary suspension of operations at the company's Veladero mine. The suspension came as the company plans further inspections of the mine's heap leach area, where precious metals are extracted from the ore. A pipe in the heap leach area was...

  • China's bank lending more than doubled in August from the previous month, a report showed on Wednesday, adding to brighter economic readings readings from the country earlier this week. Gauges showed China's factories and retail sectors grew faster than expected in August as a strong housing market and a government infrastructure spending spree...

  • *Ouro Branco plant in Brazil exporting half of output. OURO BRANCO, BRAZIL, Sept 15- Brazil's Gerdau SA, the No. 1 long-steel producer in the Americas, is counting on non-traditional flat-steel exports and a data venture with General Electric Co to help weather a world-steel slump and sharp domestic downturn. Gerdau planned Ouro Branco's $1.5 billion flat-steel...

  • *Spot gold was little changed at $1,323.26 an ounce by 0103 GMT. *The Bank of England is expected to say on Thursday that it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote. *CME Group is launching the first-ever precious metals spread and...

  • China's bank lending more than doubled in August from the previous month, a report showed on Wednesday, adding to brighter economic readings readings from the country earlier this week. Gauges showed China's factories and retail sectors grew faster than expected in August as a strong housing market and a government infrastructure spending spree...

  • Futures Now: Copper rallies to 3-wk high

    The Futures Now team discusses what's driving copper's rally and where they see the commodity heading from here.

  • Unusual activity: QRVO & SLV

    "Fast Money Halftime Report" traders Jon and Pete Najarian look at what is moving in the options market, including Qorvo and the iShares Silver Trust ETF (SLV).

  • *China markets closed from Weds for mid-Autumn festival. LONDON, Sept 14- Copper hit a three-week high on Wednesday, lifting European mining shares, as the dollar fell and recent economic indicators in top consumer China pointed to brighter demand prospects. "The demand picture is relatively good for copper in terms of China and I think we've worked through a lot...

  • HONG KONG, Sept 15- Anglo American owned De Beers, one of the world's largest diamond producers, expects some growth in the consumer market next year but its chief executive warned the overall sales environment is likely to remain tough. De Beers is heading into the important holiday sales period for diamond jewellery including the Diwali festial in India,...

  • LAUNCESTON, Australia, Sept 14- China's steel and coal sectors provide contrasting stories so far this year, with one failing miserably to curb output and the other cutting so successfully it's led to the unintended consequence of higher prices and imports. China's steel sector, which accounts for about half of global production, continued its recent strength...

  • *China markets closed from Weds for mid-Autumn festival. LONDON, Sept 14- Copper hit a three-week high on Wednesday, lifting European mining shares in its wake, as recent economic indicators in top copper user China pointed to brighter demand prospects. "The demand picture is relatively good for copper in terms of China and I think we've worked through a lot of...

  • SHANGHAI, Sept 14- A Chinese industry group has denied that the country's aluminum producers could be involved in exporting extrusion products via Mexico to circumvent U.S. duties, in the latest sign of bubbling trade tensions between the two nations. A report by the Wall Street Journal last week cited U.S aluminum executives contending that some $2 billion...

  • SHANGHAI, Sept 14- A Chinese industry group has denied that the country's aluminium producers could be involved in exporting extrusion products via Mexico to circumvent U.S. duties, in the latest sign of bubbling trade tensions between the two nations. A report by the Wall Street Journal last week cited U.S aluminium executives contending that some $2 billion...

  • *Spot gold seen revisiting $1,301 levels- technicals. Spot gold was trading up 0.2 percent at $1,321 an ounce at 0707 GMT. "There was some very volatile, algorithm driven price action today in the gold market, with the metal carving out an $8 range on moderate-to-good volume," Alex Thorndike, senior precious metals dealer with MKS PAMP Group said.

  • LAUNCESTON, Australia, Sept 14- China's steel and coal sectors provide contrasting stories so far this year, with one failing miserably to curb output and the other cutting so successfully it's led to the unintended consequence of higher prices and imports. China's steel sector, which accounts for about half of global production, continued its recent strength...