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Materials and Metals Metals and Mining

  • MEXICO CITY, Dec 26- Mexico's peso and bourse slipped on Monday, in a session marked by light trading thanks to the U.S. Mexico's peso weakened 0.15 percent to 20.627 per dollar. In Brazil, the benchmark Bovespa index rose 1.18 percent to 58,620 points, helped by shares of miner Vale, which rose despite a fall in Chinese iron ore prices.

  • LIMA, Dec 26- President Pedro Pablo Kuczynski proposed dredging a reservoir in a dry northern region of Peru to extract what he described as "much more gold" than what the country's biggest gold mine holds, according to an interview with a local newspaper. Kuczynski said Poechos, Peru's biggest reservoir and a key source of water for drinking and farming in the...

  • A rendering of Planetary Resources' prospectors using optical communication lasers to analyze the surface of an asteroid.

    Today's space mining entrepreneurs are intent on turning asteroids into figurative gas stations. NBC reports.

  • NEW YORK, Dec 23- Donald Trump's call for an expansion of the United States' nuclear capabilities has shone a spotlight on a group of uranium stocks that has been battered over the past six years but have seen some new life since his presidential election victory. Canada's Cameco, one of the world's largest producers, is an exception in North America, with market...

  • *China property market a headwind for copper. LONDON, Dec 23- Copper prices slipped on Friday as investors took profits on long positions ahead of the Christmas break as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone. So far this year, copper is up around 16 percent, with much of that rise coming after...

  • JAKARTA, Dec 23- Indonesia is considering allowing some exports of mineral ores such as bauxite and nickel under certain conditions, the country's mining and energy minister said on Friday. A ban of all shipments of ore is due to be implemented on Jan. 12 but Energy and Mineral Resources Ignasius Jonan said in an interview that a government regulation is being...

  • CHICAGO, Dec 22- Leading global coal producer Peabody Energy said on Thursday its main creditors support a plan to wipe more than $5 billion of debt from its balance sheet and exit the largest energy-related U.S. bankruptcy this year. Under a reorganization plan filed with the U.S. Bankruptcy Court in St. Louis, Peabody said it expects to cut its debt to $1.95...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • LONDON/ MILAN, Dec 22 (Reuters)- British shares edged up to two-month highs on Thursday, led by gains in the energy sector and among precious metals miners. The lower dollar also gave a lift to gold prices, which in turn boosted shares in precious metal miners Fresnillo and Randgold, among the biggest gainers on the FTSE and up 2.8 and 2.5 percent respectively.

  • *FTSE 100 down 0.1 pct. British mining stocks were the biggest drag, taking around 4 points off the FTSE 100.. Antofagasta, Glencore, BHP Billiton and Rio Tinto all fell between 0.9 percent to 1.8 percent after the price of copper hit a 1- month low as China metal imports dropped sharply in November.

  • Markets rebounding and Trump trade boosting investment in metals

    Robin Bhar, head of metals research at Société Générale, explains why industrial commodities such as copper and zinc have been looking positive after Donald Trump's election to U.S. president.

  • *Expects improvement in Sierra Gorda 2017 costs and output. WARSAW, Dec 22- Poland's KGHM, one of the world's biggest copper producers, expects the price to rise in the mid and long term and boost the prospects for its overseas assets, the firm's chief executive officer said. "We are happy about this of course, but one should not jump to conclusions," Radoslaw...

  • KUALA LUMPUR, Dec 22- Malaysia on Thursday extended a moratorium on bauxite mining by three months, from the start of 2017, to allow remaining stockpiles of the aluminum-making commodity to be cleared. "There's an indication that there is illegal mining going on, otherwise there would be no heap," Wan Junaidi told a press conference. Malaysia's largely...

  • *LME to be closed Monday Dec. 26, Tuesday Dec. 27. MELBOURNE, Dec 22- London copper edged back towards one-month lows hit earlier this week on Thursday as the upcoming Christmas holidays drained markets of liquidity and direction. Asian shares struggled, taking their cues from a lackluster day on Wall Street as investors locked in gains ahead of the break while China...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favour of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened the...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favor of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened the...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favour of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened WTO's...

  • GENEVA/ OTTAWA, Dec 21- A dispute panel of the World Trade Organization largely ruled in favor of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods. The ruling, related to certain carbon steel welded pipes and certain provisions of Canada's underlying legislation, found that Canada had contravened WTO's...

  • He said the company has held discussions with Trump's transition team, including Myron Ebell, who heads the EPA transition. In February 2014, the EPA took the unusual action of blocking a mine before the project owner applied for a development permit. The company has estimated that removing that pre-emptive veto could happen three to four months after an EPA...

  • *Palladium touches six-week low at $652.80/ oz. NEW YORK/ LONDON, Dec 21- Gold was little changed but held above last week's 10-1/ 2- month low on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was down 0.06 percent at $1,131.11 an ounce...