Materials and Metals Metals and Mining

  • *Manila has halted 10 mines so far, 8 of them nickel producers. *Philippines is world's top nickel ore producer. MANILA, Sept 5- The Philippines will suspend more of the country's mines for violating environmental regulations after already halting operations at 10 sites, the mining minister said on Monday, as the government wrapped up a seven-week review.

  • MELBOURNE, Sept 5- London copper hovered near its weakest in two months on Monday as the dollar gained ground and as investors bet that more mine supply would drag on prices for the rest of the year. Fed rate hikes, slower-than-expected capacity reduction in aluminum in China and a near-term oversupply threat in the global copper market, " Argonaut Securities said...

  • SHANGHAI, Sept 5- Unlisted Dongbei Special Steel Group Co Ltd, having defaulted on several bonds earlier this year, said on Monday it would delay the disclosure of its interim financial information. The troubled Liaoning province-owned steelmaker was scheduled to publish its first-half information on August 31. "The company is accelerating debt...

  • *Technicals point spot gold moving back to $1,315. We can expect prices to further rebound to $1,350 in a short-term, "said Mark To, head of research at Hong Kong's Wing Fung Financial Group. "Gold should continue to see interest support following Friday's jobs data as the chances of an interest rate rise in September pull back," MKS PAMP Group precious metals trader...

  • SHANGHAI, Sept 5- Central China's Henan province will cut annual coal capacity by 62.54 million tonnes and crude steel by 2.4 million tonnes over the 2016-2018 period as part of efforts to tackle nationwide supply gluts in the sectors, Xinhua news agency reported. The Henan provincial government said in an overcapacity "roadmap" that it would work to dispose of "...

  • HANGZHOU, China, Sept 4- It is crucial for China to set up a mechanism to address its problem of industrial overcapacity, European Commission President Jean-Claude Juncker said on Sunday, saying it was "unacceptable" that the European steel industry had lost so many jobs in recent years. Speaking at a news conference at a G20 summit in the eastern Chinese city of...

  • TORONTO, Sept 2- Canada's main stock index pushed higher on Friday with mining and energy stocks big beneficiaries of a weaker-than-expected U.S. jobs report that weighed on the U.S. dollar and, in turn, boosted commodity prices. Goldcorp Inc rose 2 percent to C $20.83, Barrick Gold Corp advanced 1.2 percent to C $23.59, and smaller Yamana Gold Inc jumped 6.6 percent...

  • LONDON, Sept 2- Copper was little changed on Friday as investors digested lower than forecast U.S. payrolls growth, while lead, zinc and tin hit multi-month peaks on tightening supplies, environmental curbs and upbeat factory data in China. On-warrant or available copper stocks on the London Metal Exchange have jumped 170 percent since June 1..

  • Silver rallies post-jobs

    The "Futures Now" team discusses silver's rally following today's release of the jobs report.

  • ITC SAYS DOES NOT FIND THAT IMPORTS OF COLD-ROLLED STEEL PRODUCTS FROM RUSSIA INJURE U.S.

  • ITC SAYS FINDS IMPORTS OF COLD-ROLLED STEEL PRODUCTS FROM BRAZIL, INDIA, KOREA AND BRITAIN INJURE U.S.

  • TORONTO, Sept 2- Canada's main stock index pushed higher on Friday with mining and energy stocks big beneficiaries of a weak U.S. jobs report that weighed on the U.S. dollar and, in turn, boosted commodity prices. The most influential movers on the index included Suncor Energy Inc, which rose 1.2 percent to C $35.63, and Canadian Natural Resources Ltd, which advanced...

  • LONDON, Sept 2- Copper prices edged up on Friday as the dollar dropped following weaker-than-expected U.S. payrolls data, while lead, zinc and tin hit multi-month peaks on tightening supplies and upbeat Chinese factory data. On-warrant or available copper stocks on the London Metal Exchange have jumped 170 percent since June 1.. Copper is clearly in oversupply, "...

  • TORONTO, Sept 1- Canada's main stock index rose on Thursday, led by gold mining stocks after weak U.S. manufacturing data tempered expectations for Federal Reserve interest hikes. "Sloppy data" reduces expectations for a Fed rate hike in September, said Diana Avigdor, portfolio manager and head of trading at Barometer Capital Management. The Toronto Stock...

  • LA PAZ/ SANTIAGO, Sept 1- Bolivia responded to last week's murder of a government official by announcing a crackdown on mining cooperatives on Thursday, saying it would return contracts signed between them and private companies to state control. The beaten body of Deputy Interior Minister Rodolfo Illanes was found by the side of the road last week, hours after he...

  • Argentina has fallen behind its mineral-rich neighbors Chile and Peru in mining investment, despite containing rich deposits of copper, gold, silver and zinc. The government plans to send its mining bill to Congress early next year, he added. Ricardo Martínez, head of Buenos Aires- based mining consultancy Viento Andino, said Peru and Chile are each expecting...

  • Bulls target gold miners

    "Fast Money Halftime Report" trader Jon Najarian tracks big options moves in gold.

  • LA PAZ, Sept 1- Bolivia on Thursday announced a crackdown on the operations of mining co-operatives, a week after the murder of a government official who had attempted dialog with protesting miners. Three miners were arrested at the weekend for the murder of Deputy Interior Minister Rodolfo Illanes. President Evo Morales has accused the right-wing opposition...

  • LONDON, Sept 1- Rumors of the death of the iron ore market appear to have been greatly exaggerated. The spectrum of countries supplying iron ore to China, the world's biggest buyer, contracted sharply last year but is widening again this year. Also back as a supplier is Liberia after a near eight-month hiatus, while imports from other opportunistic suppliers such...

  • LONDON, Sept 1- Rumours of the death of the iron ore market appear to have been greatly exaggerated. The spectrum of countries supplying iron ore to China, the world's biggest buyer, contracted sharply last year but is widening again this year. Also back as a supplier is Liberia after a near eight-month hiatus, while imports from other opportunistic suppliers such...