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Materials and Metals Metals and Mining

  • *China's bid to tackle overcapacity, pollution disrupted output. MANILA, Jan 13- China's steel exports fell in 2016 from a record in the previous year, dragged down by improved demand at home and Beijing's resolve to tackle overcapacity, in a relief for steelmakers elsewhere that have been hit by cheap Chinese shipments. China's exports could slip further this...

  • *Beijing's supply-side reform could continue to buoy demand. BEIJING, Jan 13- China's commodity imports jumped again in December, pushing 2016 shipments of goods from crude to iron ore to record levels and boosting expectations that lower domestic output will help prolong the months-long buying binge. The data reflected a major recovery by the world's...

  • BEIJING, Jan 13- China's iron ore imports slipped 8 percent in December from a record a year earlier amid seasonal weakness in steel demand, but purchases for the full year hit an all-time high and could remain strong in 2017.. Imports rose 7.5 percent to 1.024 billion tonnes in 2016, data from the General Administration of Customs showed, as economic stimulus...

  • *China aluminium rallies on prospects of winter supply cuts. *China imports 4.95 million tonnes of copper, products in 2016. SYDNEY, Jan 13- London copper edged up on Friday, putting it on track for a weekly gain of about 5 percent, its biggest weekly advance since late November after data showed China imported more copper last year and a weaker dollar boosted...

  • BEIJING, Jan 13- Chinese imports of iron ore eased 8 percent in December from record highs a year earlier as steel mills in the world's top consumer curbed output due to a seasonal slowdown in demand during the cold winter months, official data showed on Friday. Iron ore prices soared 80 percent in 2016 as economic stimulus in China helped sustain steel output.

  • BEIJING, Jan 13- China's imports of iron ore rose 7.5 percent to a record 1.024 billion tonnes in 2016, data from the General Administration of Customs showed on Friday, as economic stimulus measures sustained steel demand even as the government cracked down on excess capacity. Based on Reuters calculations, shipments in December were 88.76 million tonnes,...

  • SYDNEY, Jan 13- London copper edged up on Friday, putting it on track for a weekly gain of about 5 percent, its biggest weekly advance since late November as expectations of a pickup in global manufacturing and a weaker dollar boosted industrial metals. *Three-month copper on the London Metal Exchange gained 0.3 percent to $5,860 a tonne by 0039 GMT, not far off a...

  • SAO PAULO, Jan 12- Mexico's peso strengthened on Thursday, rebounding from a fresh historic low hit in the previous session after President-elect Donald Trump warned U.S. auto companies would face a high tax for products made south of the border. Mexico's stock exchange also gained 0.28 percent, helped by a rise in shares in miner Grupo Mexico and cement company...

  • Gold bars

    Gold futures for February crossed above the key $1200 per ounce Tuesday, continuing an upswing that started on Dec. 15.

  • TORONTO, Jan 12- Goldcorp Inc agreed to sell its Los Filos mine in Mexico to Leagold Mining Corp in a deal valued at $438 million on Thursday, as the world's No. 3 gold miner by market value focuses more squarely on core assets. Under the transaction, Vancouver- based Goldcorp will get $279 million in cash, $71 million in Leagold shares and tax receivables worth about...

  • *Rules open way for Freeport to continue exports. JAKARTA, Jan 12- Indonesia introduced new rules on Thursday that will allow exports of nickel ore and bauxite and concentrates of other minerals under certain conditions in a sweeping policy shift by the key global supplier. A ban on unprocessed ore exports was imposed in 2014 to spur higher value smelting...

  • LONDON, Jan 12- Copper hit a one-month high on Thursday, leading gains across most base metals as the dollar weakened on U.S. president-elect Donald Trump's failure to give clear policy details at his first news conference since November. Nickel recovered after sliding 5 percent in earlier trade to its lowest since mid-September, after Indonesia eased a ban on...

  • LONDON, Jan 12- Nickel fell as much as 5 percent on Thursday after Indonesia eased a ban on metal ore exports, while copper retreated from a one-month high after the country said shipments of concentrate could resume under certain conditions. An official said on Thursday that Indonesia would allow exports of nickel ore and bauxite if smelters built could absorb...

  • JAKARTA, Jan 12- Indonesia introduced new rules on Thursday that will allow exports of nickel ore and bauxite and concentrates of other minerals under certain conditions, in a sweeping policy shift from the key global supplier. The policy backflip was welcomed by state-controlled PT Aneka Tambang Tbk, whose revenues were hit hard after Indonesia banned...

  • *Nickel falls after as Indonesia export ban eases. *Indonesia copper miners halt exports on regulation. LONDON, Jan 12- Nickel fell 5 percent on Thursday after Indonesia eased a ban on metal ore exports, in place since 2014, while copper slid from a one-month high after the country said shipments of concentrate could resume under certain conditions.

  • *US set to launch WTO complaint on China aluminum on Thurs. *Indonesia copper miners halt exports on regulation. SYDNEY, Jan 12- London copper traded up half a percent on Thursday as the dollar dropped after Donald Trump failed to offer concrete stimulus plans.

  • *US set to launch WTO complaint on China aluminum on Thurs. *Indonesia copper miners halt exports on regulation. SYDNEY, Jan 12- Shanghai copper traded little changed in low volumes on Thursday, while most other Shanghai contracts fell after U.S.

  • *Copper hits highest since Dec. 13 at $5,788.50/ oz. President-elect Donald Trump gave little guidance on new infrastructure spending at a press conference in New York, disappointing some who had hoped for a clearer view on policy. Three-month copper on the London Metal Exchange closed down 0.8 percent at $5,714 a tonne on Wednesday, off an earlier peak of...

  • WASHINGTON, Jan 11- The U.S. Interior Department on Wednesday recommended federal coal leasing reforms to ensure taxpayers receive the fair value of the fuel and account for its impact on climate change, but the incoming administration could derail those measures. Federal coal, primarily from Wyoming's Powder River Basin, accounts for more than 40 percent of...

  • *Copper hits highest since Dec. 13 at $5,788.50/ oz. President-elect Donald Trump, having earlier hit a four-week high after Chinese and global economic data fuelled expectations for firm demand this year. Three-month copper on the London Metal Exchange was down 0.5 percent at $5,730 a tonne in official trading, off an earlier peak of $5,788.50, its highest since...