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Materials and Metals Metals and Mining

  • *China congress begins on Sunday. LONDON, March 3- Copper prices ended slightly lower on Friday, finishing the week a little softer as the dollar largely retained recent gains on expectations that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • *FTSE 100 down 0.3 pct. LONDON, March 3- Britain's top share index retreated on Friday, weighed down by a raft of disappointing earnings updates as well as weakness in the mining sector. "This suggests a worrying continuation of what terms a' tepid' macro environment, clients' grinding it out in a highly competitive game' and a cooling of positive tail winds," Mike van...

  • *China congress begins on Sunday. LONDON, March 3- Copper prices held steady on Friday and were on track to close the week little changed as the dollar largely retained recent gains on expectations that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • JAKARTA, March 3- Indonesia will not back down from new rules requiring Freeport-McMoran to divest a majority stake in its local unit, Energy and Mineral Resources Minister Ignasius Jonan said, in a dispute over rights to the world's second-biggest copper mine. Freeport's exports of copper concentrate from its Grasberg mine have been at a standstill since...

  • *China congress begins on Sunday. LONDON, March 3- Copper prices held steady on Friday and were on track to close the week little changed as the dollar retained gains on expectactions that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • LONDON, March 3- China's "Air Pollution Control" regulation was formally approved on Feb. 20 and published on Feb. 28. Some 40 percent of China's production capacity is potentially affected with analysts calculating a 1.3 million tonne hit on output. FACTBOX on China's new pollution-cutting measures:.

  • KINSHASA, March 3- Tens of millions of dollars in royalties and signing bonuses that Glencore told an independent transparency board it had paid to Congo's state mining company actually went to a business controlled by Israeli billionaire Dan Gertler, advocacy group Global Witness said in a report on Friday. Glencore-controlled Kamoto Copper Co told the...

  • MANILA, March 3- The Philippines may consider banning exports of raw minerals to encourage domestic processing and boost the value of shipments, an environment official said on Friday, as the government looks to extract more from its mining sector after a crackdown. Previous governments in the Philippines have supported calls to spur domestic processing of...

  • MANILA, March 3- The Philippines may consider banning exports of unprocessed minerals in an effort to promote value addition in the mining sector, a senior environment official said on Friday. The Philippines is the world's top nickel ore supplier, shipping nearly all of its output to China. Previous governments have supported calls to spur domestic...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • ZURICH, March 2- LafargeHolcim said one of its cement plants probably paid protection money to armed groups in Syria to keep the factory running in the war-torn country. French prosecutors are also investigating the cement group's activities in Syria. A judicial source in France told Reuters prosecutors were looking into the company's comments and could...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • SINGAPORE, March 2- Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. West Texas Intermediate futures slipped 12 cents, or 0.2 percent, to $53.71 a barrel by 0025 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance...

  • China is dominating the global resources game.

    When Chinese iron ore futures surged to a record high last week, spot prices in Australia jumped, an indication of China’s clout in price setting.

  • Trump shows a different side in his first address to Congress: part dealmaker, part salesman, asking for unity, not so combative and trying to repackage his populist message in more palatable terms. Trump will target a handful of Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an...

  • Trump shows a different side in his first address to Congress: part dealmaker, part salesman, asking for unity, not so combative and trying to repackage his populist message in more palatable terms. Trump will target a handful of Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an...