Materials and Metals Metals and Mining

More

  • *Signs in China point to tightening local physical market. *Nickel to trade in $8000- $9000 a tonne range- Triland. Three-month nickel on the London Metal Exchange rose 1.1 percent to $8,650 a tonne by 1012 GMT, after touching $8,670, the highest since March 29.

  • A worker walks among rolls of semi-finished aluminum at the Alcoa aluminum factory

    Alcoa also said its engineered products and solutions unit cut 600 positions in the first quarter.

  • MOSCOW, April 12- A company controlled by Russian billionaire Roman Abramovich and partners has offered $158 million to buy 0.79 percent of shares in Norilsk Nickel to increase its stake in the mining giant to more than 6 percent, Norilsk said on Tuesday. Abramovich, owner of Chelsea soccer club, and his partners in Crispian Investments Limited already own 5.5...

  • SINGAPORE, April 12-- It would be easy to dismiss the assertion by BHP Billiton Chief Executive Andrew Mackenzie that commodity prices have bottomed as the wishful thinking of a mining executive keen to see some improvement in profit margins. For at least the past two years it has been virtually unrelenting doom and gloom in the sector, with any price rallies...

  • Gold Rally

    A dovish Fed, negative interest rates and a "funky" U.S. presidential election are driving nervous investors to gold, says Rex Shares CEO Greg King.

  • CHICAGO, April 11- Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, but the company's top executive said he expected aluminum demand to grow faster than supply this year. Alcoa also lowered its 2016 outlook for global sales in the aerospace...

  • CHICAGO, April 11- Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, and it also lowered its 2016 outlook for global sales in the aerospace industry. The New York- based company posted a first-quarter net profit of $16 million or 0 cents per share,...

  • TORONTO, April 11- Canada's main stock index rose on Monday as an almost three-week high for gold helped boost gold mining stocks, while a major railway company advanced after it scrapped a takeover bid. The most influential movers on the index included Barrick Gold Corp, which rose 6.5 percent to C $21.04 as gold rallied, and Canadian Pacific Railway Ltd, which...

  • CHICAGO, April 11- Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low alumina and aluminum prices, the strong U.S. dollar and plant closures or divestments. The New York- based company posted a first-quarter net profit of $16 million or 0 cents per share, down from $195 million or 15 cents per share a year earlier.

  • STRASBOURG, April 11- France's economy minister on Monday sought to pressure the European Commission into raising import tariffs to similar levels as the United States to help Europe's ailing steel industry. France, Britain and Germany are among the countries that have already asked the Commission to help the steel industry, which is suffering from an import...

  • DUISBURG, Germany, April 11- Half of Germany's steelworkers poured onto the country's streets on Monday in protest against the dumping of Chinese steel, EU climate regulations and industry consolidation they fear will cost them their jobs. The size of the demonstrations, organised by powerful trade union IG Metall and supported by Economy Minister Sigmar...

  • LONDON, April 11- British business minister Sajid Javid said on Monday the government would consider co-investing on commercial terms to secure the sale of Tata's UK steelmaking assets. Tata, one of the world's biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand...

  • LONDON, April 11- Business minister Sajid Javid said on Monday he was unable to promise that there would be no further job losses in the British steel industry, but that the government was doing all it could to protect workers. Tata, one of the world's biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of...

  • DUISBURG, Germany, April 11- Tens of thousands of German steelworkers took to the streets on Monday, demanding more action against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business. More than 45,000 took part in protests throughout Germany, IG Metall said. Social Democrat Economy...

  • *Greybull deal saves more than 4,400 jobs in UK, 400 in France. As Tata formally announced the sale of its steel assets in Britain, turnaround specialist Greybull Capital LLP said it would buy the Indian company's Long Products Europe division in Scunthorpe, northern England, which employs 4,400. It declined to rule out further purchases of Tata's British steel...

  • DUISBURG, Germany, April 11- German steelworkers took to the streets on Monday, demanding more measures against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business. Germany is Europe's biggest steelmaker and 45,000 workers joined rallies across the country, the IG Metall union...

  • *Greybull deal saves more than 4,000 jobs. Greybull said it would buy Tata's Long Products Europe division in Scunthorpe, northern England, which employs 4,400, while the process to secure a buyer to save the Indian steelmaker's other major plant at Port Talbot in Wales also kicked off on Monday. Greybull said it was arranging a 400 million pound investment and...

  • LONDON, April 11- "In copper we trust." Such was the title of the presentation given by Jerry Jiao, vice president at China's Minmetals Group, at last week's CRU-CESCO conference in Chile. The problem for the copper industry executives meeting in Chile last week, however, is not the bright future but the stormy present.

  • We're going to see supply side cuts in mining: CEO

    Nick Clarke, CEO of Central Asia Metals, shares his outlook for the mining sector and the uncertainty around copper prices and oversupply.

  • Iron ore moves through the production process at the China Oriental Group Co. steel plant in Tangshan, Hebei province, China, on Saturday, Aug. 29, 2009.

    Significant overcapacity will remain in China's steel sector even after restructuring, industry executives said. The FT reports.