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Materials and Metals Metals and Mining

  • TORONTO, Oct 25- Vale SA's Canadian unit will pay a C $1 million fine after pleading guilty to four violations of a workplace safety law in connection with the 2014 death of a worker at a Sudbury, Ontario smelter, the Brazilian miner said on Tuesday. Ontario's government laid charges in March 2015, and Vale pled guilty in a Sudbury court on Monday, the company said.

  • PORT TALBOT, Wales, Oct 25- Port Talbot's loss-making steelworks is enjoying a windfall from a weaker pound, higher steel prices and stringent cost-cutting, but the benefit could be short-lived and not enough to persuade its Indian owners Tata Steel they want to keep it. The fate of the century-old steelworks, Britain's largest, has been up in the air since Tata...

  • Annualised run rates have accelerated by 2.16 million tonnes to 33.48 million over the last two months and China accounted for 55.7 percent of global output in September. These figures, supplied to the International Aluminium Institute by China's Nonferrous Metals Industry Association, come with a health warning, prone as they are to bouts of alarming...

  • Annualized run rates have accelerated by 2.16 million tonnes to 33.48 million over the last two months and China accounted for 55.7 percent of global output in September. These figures, supplied to the International Aluminium Institute by China's Nonferrous Metals Industry Association, come with a health warning, prone as they are to bouts of alarming...

  • The world's biggest publicly listed copper producer, which had a debt of $19 billion as of Sept. 30, unveiled in July a $1.5 billion share issue to help cut its debt and shift focus from its high-profile asset sales plan. Phoenix- based Freeport, which is under pressure from activist investor Carl Icahn, also cut a quarter of jobs in its oil and gas business in April and...

  • LONDON, Oct 25- Copper prices have rallied from their January lows, but investors looking for further hefty gains may be disappointed as ample supplies are likely to more than offset stronger demand in top consumer China. Fears about demand growth in China, which accounts for nearly half of global consumption estimated at around 22 million tonnes this year,...

  • LONDON, Oct 25- European shares rose on Tuesday, with Germany's DAX briefly touching a new peak for 2016, as gains in major mining companies and solid corporate results at leading blue-chip firms buoyed markets. The pan-European STOXX 600 index was up by 0.3 percent, while Germany's DAX rose 0.6 percent to touch a new peak for 2016 of 10,827.72 points.

  • TOKYO, Oct 25- Surging prices for coking coal will likely drive Japan's top two steel producers to miss their earnings forecasts for this financial year, but will help suppliers of the steelmaking ingredient such as Mitsubishi Corp, analysts said. Spot prices for premium hard coking coal in Australia, which dominates global exports, this week surged to over $245...

  • *Shanghai zinc, lead hit limit up. MELBOURNE, Oct 25- Shanghai zinc surged by its 5- percent upside limit on Tuesday to the highest since 2011, as a cut in capacity across China's steel and coal sectors buoyed prices of steelmaking ingredients. Tracking this, Shanghai zinc, used to galvanise steel, hit 19,045 yuan, the highest since September 2011 before ending up 4.8...

  • LONDON, Oct 25- European shares rose on Tuesday, as gains in Randstad, Orange and major mining companies lifted the region's stock markets. The pan-European STOXX 600 index was up by 0.2 percent, although the STOXX 600 remains down by around 6 percent since the start of 2016.. Randstad was among the best performers, climbing by 3.7 percent after the world's...

  • SHANGHAI, Oct 25- China stocks were slightly weaker on Tuesday, but hovered around nine-month highs, as a correction in infrastructure and transportation shares offset gains in coal miners. China's blue-chip CSI300 index dipped 0.2 percent, to 3,361.77 points at the end of the morning session, while the Shanghai Composite Index edged down 0.1 percent, to...

  • Bioleaching, a process used to separate dispersed copper in rocks, is friendlier to the environment and of lower cost for an industry hit by a fall in the price of this metal.

    With copper down 54% from 2011 peaks, and the metal's reputation as an economic harbinger, is there a U.S. recession coming?

  • MELBOURNE, Oct 25- Shanghai zinc jumped 4 pct to hit its highest since 2011 on Tuesday, fueled by surging prices for Chinese steel, which set off short covering, and fanned by increased risk appetite after a pick-up in manufacturing in Europe and the United States. *Shanghai zinc, used to galvanize steel, hit 18,920 yuan a tonne, the highest since Sept 2011, and was...

  • Lithium project still on track: Pilbara

    Ken Brinsden, MD & CEO at Pilbara Minerals talks about the Australian miner's Pilgangoora lithium project and the future of the lithium ion battery.

  • LIMA, Oct 24- Peru is scrutinizing paid security services that federal police provide to mining companies following a deadly protest by local residents that suspended exports from one of the world's biggest copper mines, the government told Reuters on Monday. The three-month-old centrist government of President Pedro Pablo Kuczynski is also talking with...

  • TORONTO, Oct 24- Canada's main stock index fell on Monday as lower oil and gold prices weighed on energy and mining shares and as Restaurant Brands International Inc declined after reporting quarterly earnings. Thanksgiving holiday and Federal Reserve interest rate decisions, said Paul Hand, managing director at RBC Capital Markets. The owner of Burger King...

  • LONDON, Oct 24- Britain's top share index closed lower on Monday after energy stocks came under pressure following a drop in crude oil prices and gold miners tracked weaker precious metals. The FTSE 250 mid-cap index fell 0.4 percent. "It's becoming increasingly clear that Saudi Arabia, along with the UAE and Kuwait will have to shoulder most of the output cut for...

  • LONDON, Oct 24- Zinc led base metals higher on Monday, fueled by a rise in investors' risk appetite and stronger physical demand in top consumer China. Benchmark zinc on the London Metal Exchange climbed 2.3 percent to $2,312.50 a tonne by 1427 GMT, bouncing back from a 1.2 percent loss on Friday. "Metals are well supported by better sentiment after the... return of risk...

  • Elon Musk's vision for life on Mars includes glass domes and spaceships

    The SpaceX and Tesla boss outlines his vision for the colonization of Mars in a Reddit 'Ask Me Anything' session on Sunday.

  • LONDON, Oct 24- Zinc led base metals higher on Monday, fuelled by a rise in risk appetite by investors, a retreat in the dollar from nine-month highs and stronger physical demand in top consumer China. Benchmark zinc on the London Metal Exchange climbed 1.7 percent to $2,297.50 a tonne by 1019 GMT, bouncing back from a 1.2 percent loss on Friday.