GO
Loading...

Enter multiple symbols separated by commas

Materials and Metals Metals and Mining

More

  • SHANGHAI, March 2- China's environmental ministry has ordered local governments in two key steel-producing cities to take tougher action against polluters from the sector as part of efforts to improve air quality. Inspectors from China's Ministry of Environmental Protection last week summoned mayors from the cities of Linyi in the eastern province of...

  • *China cuts rates again to shore up economy; firm buying interest. MANILA, March 2- Gold rose to its highest level in nearly two weeks on Monday, backed by firm Chinese demand. "The prospects of better growth and stronger income should boost gold-buying in China," said Howie Lee, an investment analyst at Phillip Futures in Singapore.

  • NEW YORK, Feb 27- U.S. "Gold's just not in vogue right now and the average investor is trying to chase the stock market," said David Beahm, executive vice president for Blanchard& Co, a large precious metals retailer in New Orleans. Meanwhile, the spot gold market has been rangebound between $1,130- $1,392 per ounce for the past year.

  • GRAPHIC: Brent-WTI spread: http://link.reuters.com/tes24w SINGAPORE, Feb 27- U.S. shale oil is deepening the discount of U.S. crude prices to global benchmarks, with the price gap turning into the de facto indicator of the health of American shale supply, a shale spread of sorts. The surging U.S. production and inventories point to an "oversupplied market which is...

  • By Manolo Serapio Jr SINGAPORE, Feb 27- Shares in China's steelmarkers outshone long-time international rivals in 2014 as Chinese mills overwhelmed buyers with cheap prices. Shares of Hebei Iron and Steel, the listed unit of top Chinese producer Hebei Steel Group, soared more than 90 percent last year. While those gains mirrored the broader rally in Chinese...

  • RIO DE JANEIRO, Feb 26- Shares in Brazil's Vale SA plunged 5 percent on Thursday as the miner posted full-year net income well below analyst forecasts due to a weaker iron ore price and Brazilian currency. The halving of iron ore prices has hit the world's largest producer of the steelmaking ingredient as increased output from Australia coincided with slower...

  • BISHKEK, Feb 26- Kyrgyzstan's parliament turned up the pressure on Centerra Gold on Thursday, threatening to nationalise the Canadian company's Kumtor gold mine unless it agrees within a month to a proposed joint venture. The Central Asian state and the Toronto- listed company have been locked in talks for more than a year over a deal that would involve...

  • *Allianz drops as dividend hike disappoints. LONDON, Feb 26- European shares rose on Thursday as a rally in metals prices pushed basic resources stocks higher, sending the pan-European FTSEurofirst 300 to a new multi-year high and Germany's DAX to a record peak. The STOXX Europe 600 Basic Resources index rose 1.6 percent, to be the top sectoral gainer, after copper...

  • RIO DE JANEIRO, Feb 26- Brazilian miner Vale SA posted full-year net income of $657 million on Thursday, well below analyst forecasts, hurt by weakness in iron ore prices and in Brazil's real currency versus the dollar. Despite record production of iron ore and nickel last year, the dramatic fall in profits and cash flow is increasing pressure on Vale to sell assets...

  • MELBOURNE, Feb 26- South Korea's state commodity buyer has paid a lower premium for aluminum in its latest tender, signaling a turning point for costs to obtain the metal in Asia as regional supply climbs. It comes just as quarterly talks between producers and consumers kick off in Japan, which typically set the benchmark for the region. South Korea's public...

  • HONG KONG, Feb 26- China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West. While China is the world's largest consumer of the precious metal, having surpassed India, daily trading of...

  • *Palladium prices hit 6- week high at $804.10/ oz. LONDON, Feb 25- Gold rose on Wednesday, recovering from the previous day's seven-week lows, after comments from Federal Reserve Chair Janet Yellen suggested the central bank would not be rushed into raising interest rates. The precious metal rose more than 1 percent to a session high earlier in Asia after Chinese...

  • ATHENS, Feb 25- Greece's new left-wing government will not block Canadian firm Eldorado Gold Corp.' s mining operations in the country's north but will review permits for a processing plant at the site, a senior energy ministry official said on Wednesday. "The mining will not stop," the official told reporters, a day after Greece climbed down from pledges to halt...

  • LONDON, Feb 24- Non-Chinese aluminium production was unchanged in January, according to the latest figures from the International Aluminium Institute. A combination of lower London Metal Exchange basis price and softer physical premiums, particularly in Europe, has seen the all-in price slide back to just above $2,100 per tonne from over $2,450 as recently...

  • CALGARY, Alberta, Feb 24- Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from the sands. The oil sands of northern Alberta hold the world's third-largest proven crude...

  • CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $23 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...

  • CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $21 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...

  • LONDON, Feb 24- The head of the world's largest mining company BHP Billiton said on Tuesday that the price of its main commodity, iron ore, is likely to fall in the near term under pressure from increasing global supply. "Although we see some loss of production, particularly from expensive Chinese iron ore... we still see a growing surplus of low-cost supply and...

  • LONDON, Feb 24- Non-Chinese aluminum production was unchanged in January, according to the latest figures from the International Aluminum Institute. A combination of lower London Metal Exchange basis price and softer physical premiums, particularly in Europe, has seen the all-in price slide back to just above $2,100 per tonne from over $2,450 as recently as...

  • *Natalka's gold reserves estimate cut by 49 pct. MOSCOW, Feb 24- Polyus Gold, Russia's biggest gold producer, is sticking with its flagship Natalka project despite a drop in its estimated gold reserves, and hopes to prepare an operating plan by mid-2015, it said on Tuesday. "This is a major decrease, although the company previously guided that it's likely to happen,"...