GO
Loading...

Enter multiple symbols separated by commas

Materials and Metals Metals and Mining

More

  • SHANGHAI, March 23- Laden with debt and struggling to make money as the world's No.2 economy loses momentum, China's steel mills do not appear obvious candidates for overseas expansion. In a draft of a revised restructuring plan for the industry issued late last week, Beijing included a line saying it would support mills' efforts to buy assets abroad, with...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 23- Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply? Spot prices have recovered slightly recently, trading at $7.70 per million British thermal units last week, up from the record low of...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper jumped to a two month high on Friday after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from a fall in the dollar and supply concerns as a blockade of the Grasberg...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from supply concerns as a blockade of the Grasberg mine in...

  • NEW DELHI, March 20- India's parliament passed two bills on Friday to auction mines that produce minerals such as coal, iron ore and bauxite, in a boost for Prime Minister Narendra Modi's bid to kickstart an industry that has languished for years. The Mines and Minerals Development and Regulation, and Coal Mines Special Provisions bills were seen as a test of the...

  • LONDON, March 20- The iron ore market is turning ever more ugly. The price of ore for immediate delivery to China's Tianjin port is currently assessed by The Steel Index at $54.50 a tonne. "Peak steel" was penciled in for the next decade, an assessment that looks ever more questionable as China's steel producers reel from a toxic mix of slowing demand from the property...

  • *Shanghai copper stocks fall 2,267 T, first drop in 2 months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. The consensus view from Asia was that if it was a gain of over 10,000 or 20,000...

  • *Gold up 1 pct for the week after hitting 4- mth low. *Platinum still at around $50 discount to gold. LONDON, March 20- Gold edged back towards two-week highs on Friday, on track for its biggest weekly jump since January, after the U.S.

  • China slowdown pushes coal, iron ore to fresh lows Friday, 20 Mar 2015 | 4:00 AM ET

    By Henning Gloystein SINGAPORE, March 20- Key Asian mining markets are being thrown into crisis by China's slowdown and industrial reforms, with coal and iron ore prices falling this week to levels last seen before the global financial crisis. Benchmark Australian coal settled below $60 a tonne on Thursday, the lowest price since before 2008/ 2009. Prices of...

  • India's upper house passes bill to auction mines Friday, 20 Mar 2015 | 3:49 AM ET

    NEW DELHI, March 20- India's upper house of parliament passed a bill on Friday to auction mines that supply minerals like iron ore and bauxite for the first time, in a thumbs up for Prime Minister Narendra Modi's bid to kickstart an industry that has languished for years. The passage of the Mines and Minerals Development and Regulation bill by the Rajya Sabha was...

  • SYDNEY, March 20- Copper eased on Friday after posting its strongest gain in six weeks the session before, with losses curbed by supply concerns as a blockade of the Grasberg mine in Indonesia entered its fifth day. "Copper may have got a little ahead of itself overnight and what we're seeing is a bit of a pullback," a trader said. Three-month copper on the London Metal...

  • SYDNEY, March 20- Copper eased on Friday after posting the strongest gain in six weeks the session before, with losses capped by supply concerns as a blockade of the Grasberg mine in Indonesia entered its fifth day. "Copper may have got a little ahead of itself overnight and what we're seeing is a bit of a pullback," a trader said. Three-month copper on the London Metal...

  • JAKARTA, March 20- A blockade by workers at Freeport-McMoRan Inc's Indonesian mine extended into a fifth day on Friday, a union official said, with output still halted but maintenance workers allowed into the Grasberg site by protesters. A lengthy disruption to supplies from one of the world's biggest copper mines could support benchmark metal prices that...

  • JAKARTA, March 20- A blockade by workers at Freeport-McMoRan Inc's Indonesian mine extended into a fifth day on Friday, a union official said, with output still halted but maintenance workers allowed into the Grasberg site by protestors. A lengthy disruption to supplies from one of the world's biggest copper mines could support benchmark metal prices that...

  • SINGAPORE, March 20- Copper steadied on Friday after rallying 3 percent the session before, with production stopped at one of the world's biggest copper mines as workers blocked access. *Three-month copper on the London Metal Exchange was little changed at $5,855 a tonne at 0119 GMT. *Production has been halted at Freeport-McMoRan Inc's copper mine in Indonesia...

  • March 19- Canada's Bank of Nova Scotia sued Cliffs Natural Resources Inc, saying the U.S. iron ore miner had breached terms of a loan agreement when it filed for creditor protection for its Canadian operations. Cliffs in January stopped production at its Bloom Lake mine in Quebec, where costs exceeded expectations, and started restructuring the Canadian...

  • March 19- Nucor Corp, the No.1 U.S. steelmaker, cut its profit forecast for the first quarter, saying higher imports were hurting steel prices. Nucor expects imports to slow down in the second quarter, but remain at "excessively high levels", the company said on Thursday. Nucor estimated earnings of 10- 15 cents per share for the first quarter ending April 4.

  • March 19- Iron ore miner Cliffs Natural Resources Inc has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. Cliffs' application for creditor protection in Canada "constituted a default" under the loan agreement, accelerating the company's payment obligations, Scotiabank...

  • U.S. steelmaker Nucor cuts profit forecast Thursday, 19 Mar 2015 | 9:23 AM ET

    March 19- U.S. steelmaker Nucor Corp cut its first-quarter profit forecast, hurt by a fall in steel prices due to higher imports. Nucor estimated on Thursday earnings of 10- 15 cents per share for the quarter ending April 4. The company had earlier said it expected profit to be above 35 cents per share earned a year earlier.

  • March 19- Iron ore miner Cliffs Natural Resources Inc said it has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. The biggest U.S. iron ore miner said in January it was seeking creditor protection for its Canadian operations. Cliffs Natural said in November it would cease...