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Materials and Metals Metals and Mining

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday in a work report at the opening of the annual meeting of parliament. The National Development and Reform Commission said it would shut or stop construction of coal-fired power plants with capacity...

  • WASHINGTON, March 3- The U.S. International Trade Commission said on Friday it had made a final finding that the U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy steel cut-to-length plate from China. China's Ministry of Commerce, however, said issues in the U.S. steel industry were not related to Chinese imports,...

  • March 3- The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday. "It's specific to new pipelines or those that are being repaired," White House spokeswoman Sarah Sanders told reporters on Air Force One,...

  • March 3- The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday. "It's specific to new pipelines or those that are being repaired," White House spokeswoman Sarah Sanders told reporters on Air Force One,...

  • *China congress begins on Sunday. LONDON, March 3- Copper prices ended slightly lower on Friday, finishing the week a little softer as the dollar largely retained recent gains on expectations that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • *FTSE 100 down 0.3 pct. LONDON, March 3- Britain's top share index retreated on Friday, weighed down by a raft of disappointing earnings updates as well as weakness in the mining sector. "This suggests a worrying continuation of what terms a' tepid' macro environment, clients' grinding it out in a highly competitive game' and a cooling of positive tail winds," Mike van...

  • *China congress begins on Sunday. LONDON, March 3- Copper prices held steady on Friday and were on track to close the week little changed as the dollar largely retained recent gains on expectations that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • JAKARTA, March 3- Indonesia will not back down from new rules requiring Freeport-McMoran to divest a majority stake in its local unit, Energy and Mineral Resources Minister Ignasius Jonan said, in a dispute over rights to the world's second-biggest copper mine. Freeport's exports of copper concentrate from its Grasberg mine have been at a standstill since...

  • *China congress begins on Sunday. LONDON, March 3- Copper prices held steady on Friday and were on track to close the week little changed as the dollar retained gains on expectactions that the U.S. Prices have consolidated in a $5,800- $6,200 range since hitting a 20- month high of $6,204 on Feb. 13.

  • LONDON, March 3- China's "Air Pollution Control" regulation was formally approved on Feb. 20 and published on Feb. 28. Some 40 percent of China's production capacity is potentially affected with analysts calculating a 1.3 million tonne hit on output. FACTBOX on China's new pollution-cutting measures:.

  • KINSHASA, March 3- Tens of millions of dollars in royalties and signing bonuses that Glencore told an independent transparency board it had paid to Congo's state mining company actually went to a business controlled by Israeli billionaire Dan Gertler, advocacy group Global Witness said in a report on Friday. Glencore-controlled Kamoto Copper Co told the...

  • MANILA, March 3- The Philippines may consider banning exports of raw minerals to encourage domestic processing and boost the value of shipments, an environment official said on Friday, as the government looks to extract more from its mining sector after a crackdown. Previous governments in the Philippines have supported calls to spur domestic processing of...

  • MANILA, March 3- The Philippines may consider banning exports of unprocessed minerals in an effort to promote value addition in the mining sector, a senior environment official said on Friday. The Philippines is the world's top nickel ore supplier, shipping nearly all of its output to China. Previous governments have supported calls to spur domestic...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...