×

Materials and Metals Metals and Mining

  • LIMA, Oct 21- Supplies needed to keep operating one of the world's biggest copper mines, Las Bambas, are running out as access roads remain blocked by protesters in Peru, Chinese-owned miner MMG Ltd said on Friday. "Community roads are currently blocked and supplies for operating and subsisting are about to run out," MMG's Chief Executive Andrew Michelmore said in...

  • SAO PAULO, Oct 21- Iron ore prices should stay stable for the remaining of this year and also into 2017, Brazil's mining company Vale Chief Executive Officer Murilo Ferreira said on Friday. Iron ore for prompt delivery in China was quoted at $58.40 per tonne on Friday, 35 percent up year to date. China said this week its economy grew by 6.7 percent in the third quarter,...

  • NEW YORK/ ISTANBUL, Oct 21- Gold prices were little changed on Friday as a strong dollar limited gains, but the precious metal notched its first weekly rise in four as seasonal demand from Asia kicked in. Demand from Asia, including China, India and exchange-traded funds, has helped prop up prices this week. Demand from India is expected to remain elevated as...

  • ISTANBUL, Oct 21- Gold barely budged on Friday as rising demand from Asia was offset by a strong dollar but the precious metal remained on track for its first weekly rise since the week ending Sept. 30. Gold demand from Asia, including China, India and exchange-traded funds, has helped prop up prices this week. "There is accelerating physical gold demand in Asia and...

  • JOHANNESBURG, Oct 21- South Africa's AMCU union has reached wage deals in principle with platinum producers Anglo American Platinum, Impala Platinum and Lonmin, subject to final approval from its members, the union's president said on Friday. This means a strike has almost certainly been averted in South Africa's platinum sector, which is still recovering...

  • MELBOURNE, Oct 21- London aluminium was on track for its biggest weekly drop in seven weeks after record China production fanned supply concerns, while copper was set for a third weekly drop on worries about cooling demand. *Shanghai Futures Exchange copper slipped 0.3 percent to 37,130 yuan a tonne. *The European Central Bank left ultra-loose monetary policy...

  • MELBOURNE, Oct 21- London aluminum was on track for its biggest weekly drop in seven weeks after record China production fanned supply concerns, while copper was set for a third weekly drop on worries about cooling demand. *Shanghai Futures Exchange copper slipped 0.3 percent to 37,130 yuan a tonne. *The European Central Bank left ultra-loose monetary policy...

  • A lesser regional court cleared the Mexican company last November of any wrongdoing over its winning bid to reopen the Aznalcollar copper, zinc and lead mine in southern Spain, but an appeal by a rival bidder has now been accepted. Spain is hoping to re-open the mine after it was shut down following a toxic waste spill in 1998 that caused widespread damage to the...

  • *China sets down new regulations to cool housing market. *China copper premiums rise to $65- $70 from $60 last wk- Triland. MELBOURNE, Oct 20- London copper drifted on Thursday in low-volume trade, as steps by China to cool its real estate market, a key metals user, dampened buying interest.

  • A labourer works at a steel market in the Hubei province of China.

    Iron ore miners Rio Tinto and Fortescue released diverging quarterly production guidance, even as China's demand continued to support prices.

  • MELBOURNE, Oct 20- London copper traded little changed on Thursday in trade marked by low volumes as the third and final U.S. presidential debate got underway. Prices are holding above one-month lows of $4,623.25 a tonne, helped by slowly improving demand from China. *Shanghai Futures Exchange copper was also flat at 37,290 yuan a tonne.

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday cut its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter production data, citing shipping interruptions. The downward revision- equivalent to as much as $290 million at current ore prices- comes as the steelmaking commodity stages a recovery on the back of a...

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday said it has lowered its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter shipping data, citing shipping interruptions. The world's second-biggest producer of the steelmaking ingredient said third-quarter shipments from Australia fell 2 percent from...

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • SAO PAULO, Oct 19- Brazil's steel output rose in September, the first year-on-year gain in 15 months, a possible sign that the worst part of a downturn affecting the industry may be over, the Brazil's steelmakers' association, Instituto Aço Brasil, said on Wednesday. Brazil's steel industry is operating at about 60 percent of its built capacity of 49 million tonnes...

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday said it has lowered its 2016 guidance for iron ore shipments by as much as 5 million tonnes million tonnes after releasing lower third-quarter shipping data, citing shipping interruptions. The world's second-biggest producer of the steelmaking ingredient said third-quarter shipments from Australia fell 2...

  • SYDNEY, Oct 20- Global miner Rio Tinto has lowered its 2016 guidance for iron ore shipments to between 325 million and 330 million tonnes after releasing lower third quarter shipping data. The world's second biggest producer of the steelmaking ingredient said third-quarter shipments fell 5 percent to 80.9 million tonnes versus the year-ago quarter.

  • LIMA, Oct 19- Peru's government failed to restart talks with residents of remote Andean towns blocking a road to one of the country's biggest copper mines on Wednesday, as protesters demanded a meeting with President Pedro Pablo Kuczynski. But Prime Minister Fernando Zavala said Kuczynski would not travel to the highland region of Apurimac while residents...

  • LIMA, Oct 19- Protesters blocking a road to MMG Ltd's copper mine in Peru turned away a delegation of high-ranking government officials who hoped to restart talks on Wednesday after a local man was shot dead in clashes with police last week. Residents from Andean towns demanded a meeting with President Pedro Pablo Kuczynski as they mourned the 42- year-old...

  • *China industrial output 6.1 pct versus 6.4 pct. Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth...