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Materials and Metals Metals and Mining

  • SYDNEY, Nov 25- London zinc rose more than 1 percent to its highest level in almost nine years on Friday on bets that demand was picking up faster than supply amid a broad-based rally across base metals. The global supply pool of zinc has been contracting as reserves are exhausted at huge mines in Australia, Canada and Ireland. Macquarie Bank calculates that global...

  • Demand for steel much better than expected: Expert

    S&P Global Platts's Annalisa Jeffries talks about a rally in iron ore on the back of higher steel prices.

  • SYDNEY, Nov 25- London zinc rose on Friday, nearing an eight-year high touched in the previous session, on bets that demand was picking up faster than supply amid a broad-based rally across the metals complex. The global supply pool of zinc has been contracting as reserves are exhausted at huge mines in Australia, Canada and Ireland. Macquarie Bank calculates that...

  • KHOBAR, Saudi Arabia, Nov 24- Saudi Arabian Mining Co will ramp up production of phosphate from its new Waad al-Shamal facility by mid-2017, its chief executive said, as the kingdom seeks more cash from non-oil sources. "Wa'ad Al Shamal will have a major impact on the phosphate fertilizer market," said Chris Lawson, Senior Consultant, Head of Phosphate Analysis at CRU...

  • *India's rupee, Turkish lira at record low after rate rise. *Prospects of China, U.S. inflation buoy copper, zinc. *Crude oil little changed amid OPEC meeting uncertainty.

  • *Copper on course for biggest monthly gain since April 2006. LONDON, Nov 24- Zinc prices jumped to their highest in more than eight years on Thursday and copper headed towards its 2016 peak as funds piled in on expectations of stronger demand and tighter supplies. Benchmark zinc on the London Metal Exchange was up 1.8 percent at $2,719 a tonne at 1132 GMT, off an...

  • LONDON, Nov 24- Australia's South32, the mining company spun off from BHP Billiton, in 2015, will avoid buying thermal coal because of uncertainties over demand linked to climate concerns, the company said on Thursday. Forecasters such as the International Energy Agency have predicted that coal demand will peak by the middle of the next decade.

  • Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of pollution by restructuring its state-owned coal industry was behind a tripling of coal prices since January. In April, China's State Administration of Work Safety introduced new coal-production caps, restricting the...

  • Thyssenkrupp cautious on profit; says cost cuts key

    ThyssenKrupp full-year net profit declined by 4 percent, missing expectations amid difficult market conditions. CNBC’s Annette Weisbach reports.

  • ThyssenKrupp CEO: Believe we are in quite solid shape

    CNBC’s Annette Weisbach reacts to the comments made by ThyssenKrupp CEO in a CNBC interview, while commenting on the firm’s strategy going forward.

  • More sensitive to anti-dumping in EU: ThyssenKrupp CEO

    ThyssenKrupp CEO Heinrich Hiesinger weighs in on whether the EU’s current tariffs on Chinese steel imports should be higher.

  • US is an important market for us: ThyssenKrupp CEO

    ThyssenKrupp CEO Heinrich Hiesinger weighs in on what a Donald Trump presidency may look like and how it impacts the materials space.

  • ThyssenKrupp CEO: Cautious about material price rises

    While discussing its earnings, ThyssenKrupp CEO Heinrich Hiesinger says if you work in the materials space, you have to get used to the market volatility.

  • *Spot gold was down 0.2 percent to $1,185.68 an ounce by 0040 GMT. In the previous session, the metal fell 2 percent to touch a 9-1/ 2- month low of $1,181.45. *Russia and Kazakhstan continued to boost their gold reserves in October, data from the International Monetary Fund showed on Wednesday.

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • TORONTO, Nov 23- Sharp losses among gold miners weighed heavily on Canada's main stock index on Wednesday as the precious metal slid to a nine-month low, with the falls offsetting solid gains for heavyweight banks and more subdued rises across most other sectors. Barrick Gold Corp fell 4.5 percent to C $19.72, and Goldcorp Inc declined 4 percent to C $17.41.

  • CHICAGO, Nov 23- U.S. coal producer Peabody Energy Corp said on Wednesday it is closer to exiting bankruptcy, with a debt dispute between creditors fizzling as a recent increase in coal prices boosts their chances for recovery. A creditor fight launched by some of Wall Street's most litigious investment funds, Aurelius Capital Management and Elliott...

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • TORONTO, Nov 23- Canadian miner Sherritt International Corp said on Wednesday that four workers from its Moa joint venture in Cuba had died when a municipal bridge they were repairing collapsed Tuesday afternoon. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane...

  • *Steelmakers see ally in Trump adviser Dan DiMicco. LONDON/ CHICAGO, Nov 23- The top U.S. steelmakers' association said it has been in contact with President-elect Donald Trump's transition team since his election on Nov. 8, as the industry seeks tougher trade defenses under his incoming administration. "We initially communicated with the transition team prior to...