Materials and Metals Metals and Mining

  • China, which buys about two-thirds of global seaborne iron ore, imported 88.4 million tonnes in July, the second-highest amount on record, according to customs data. In the first seven months of the year China has imported 582 million tonnes of iron ore, up 8.1 percent on the same period in 2015 and putting it on track for full-year imports near 1 billion tonnes,...

  • MUMBAI, Aug 9- Hindustan Zinc Ltd, a subsidiary of billionaire Anil Agarwal's mining conglomerate Vedanta Ltd, aims to double silver output in five years due to rising prices and increased demand from solar panel makers. The group plans to produce 500 tonnes of silver this fiscal year and double that to 1,000 tonnes by fiscal 2022, Chief Executive Sunil Duggal...

  • *China ramps up pollution crackdown, tin plants shut for longer. LONDON, Aug 9- Copper fell to its lowest in four weeks on Tuesday, weighed down by soft oil prices, seasonally weak demand in top metals consumer China and concern that Beijing may not cut rates soon. "You'll have to wait a few more weeks, or maybe one or two months, until the seasonally low demand from China is...

  • *China ramps up pollution crackdown, tin plants shut for longer. MELBOURNE, Aug 9- London copper slipped on Tuesday to its weakest in almost a month as the dollar rose, while improving producer prices in China suggested it may not need to ease policy soon. From China, producer price deflation moderated further, adding to views that the central bank may be in no hurry to...

  • China, which buys about two-thirds of global seaborne iron ore, imported 88.4 million tonnes in July, the second-highest amount on record, according to customs data. In the first seven months of the year China has imported 582 million tonnes of iron ore, up 8.1 percent on the same period in 2015 and putting it on track for full-year imports near 1 billion tonnes,...

  • *Pollution crackdown to reshape metals industry- trader. MELBOURNE/ SHANGHAI, Aug 9- China could ramp up imports of refined tin as a string of environmental inspections at smelters in the world's top producer of the metal curbs local output. Affected smelters account for some 45 percent of China's annual tin production, or around 110,000 tonnes of capacity,...

  • SHANGHAI, Aug 9- China plans to raise environmental standards in its highly-polluting mining sector, according to a policy draft circulated by the Ministry of Environmental Protection. Amid rising concerns about the state of its environment, China has declared war on polluters and has drawn up new laws, standards and punishments aimed at forcing firms and...

  • *China ramps up NPI, stainless steel output. MELBOURNE, Aug 9- London copper drifted on Tuesday as inflation in China eased in July, highlighting worries about the health of the world's top copper consumer after imports fell last month. China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in...

  • *China ramps up NPI, stainless steel output. MELBOURNE, Aug 9- London copper drifted on Tuesday as inflation in China eased in July, highlighting worries about the health of the world's top copper consumer after imports fell last month. China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in...

  • *LME works with World Gold Council and five banks. The 139- year old exchange is working in collaboration with the World Gold Council, an industry body backed by gold mining companies such as Barrick Gold and Goldcorp, and is supported by five banks and proprietary trader OSTC, which have committed to provide liquidity. London currently dominates the global...

  • *FTSE 100 up 0.3 pct. LONDON, Aug 8- Britain's blue-chip FTSE 100 index edged up on Monday to touch its highest level in more than 13 months on the back of gains in mining stocks and Barclays, which was boosted by an upgrade. British banks slumped after Britons voted on June 23 to leave the European Union, though they are now only 0.2 percent below their pre-Brexit level.

  • *China iron ore imports second highest on record. *China crude import lowest since January on daily basis. Shipments of iron ore to China climbed 2.7 percent from a year ago and by 8.3 percent from June to hit 88.4 million tonnes in July, data from the General Administration of Customs showed on Monday.

  • SHANGHAI/ BEIJING, Aug 8- Seven large Shanxi province-owned coal miners will be permitted to extend the maturities of some existing debt, state news agency Xinhua reported, as Chinese regulators continue their efforts to provide a softer landing for the stricken sector. Citing a document released by the Shanxi branch of China's banking regulator, Xinhua said...

  • *Coming up: China trade data for July. MELBOURNE, Aug 8- London copper edged away from a four-week low on Monday after a solid jobs report boosted prospects the U.S. Federal Reserve could still raise rates this year, and ahead of China trade data that could shed light on its appetite for metals.

  • MELBOURNE, Aug 8- London copper was marking time near a four-week low on Monday after a solid jobs report boosted prospects the U.S. *Three-month copper on the London Metal Exchange was flat at $4,791 a tonne by 0050 GMT, following losses from the previous session when it plumbed its weakest since July 12 at $4,783. *Peru's centrist President Pedro Pablo Kuczynski...

  • WASHINGTON, Aug 5- The U.S. Commerce Department on Friday set final anti-dumping duties on hot-rolled flat steel from Japan, South Korea, Turkey, Britain, Brazil, the Netherlands and Australia on Friday, locking in import taxes of 3.7 percent to about 34.3 percent for five years. The department also imposed final anti-subsidy duties of 3.9 to 11.3 percent against...

  • His wife, daughter, and sons Rocky and Tony, both miners, turned out for ice-cream, pop and a farewell toast for a man who had been at the West Virginia strip mine since the beginning. In a generation, the Hobet mine transformed from a small, founder-run operation to a company cheered in three different incarnations by Wall Street and twice bankrupt- a twisting path...

  • NEW DELHI, Aug 5- State-run Steel Authority of India Ltd has earmarked 40 billion rupees for capital expenditure in the 2016/ 17 fiscal year and expects its annual sales to grow by more than 10 percent. SAIL, India's biggest state-owned steel company, is trying to cut costs by producing more from its new efficient units and by adding value to its product line,...

  • LONDON, Aug 5- Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production. The Turkish cabinet decided to impose the tax of $15/ tonne on imports from the United States, Colombia, Russia and South Africa on July 18 and announced it in the Official Gazette...

  • *Tin hits highest since February 2015. LONDON, Aug 5- Copper prices fell on Friday as the dollar rose after data showed jobs growth in the United States beat forecasts and raised expectations of higher U.S. interest rates this year. Benchmark copper on the London Metal Exchange was down 0.5 percent at $4,808 a tonne at 1322 GMT.