Materials and Metals Metals and Mining

  • April 4- Canadian gold miner Torex Gold Resources Inc said on Monday it was suspending operations at a mine in Mexico due to a blockade by three families demanding payments alleging environmental damages. "The authorities have been actively involved in resolving the situation and we hope that their efforts are successful soon," Chief Executive Fred Stanford...

  • *Fortescue to let Downer EDI service contract expire. Fortescue said it would take over operations at its Christmas Creek mine in Western Australia once its outsourcing contract with Downer expires in September. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and productivity of...

  • SYDNEY, April 4- Australia's Fortescue Metals Group Ltd said on Monday it would take over operations at its Christmas Creek mine from September, after an outsourcing contract expires with mining services company Downer EDI Ltd. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and...

  • Central banks impact on Gold

    Chris Powell from the Gold Anti-Trust Action Committee argues that central banks are intervening in gold markets in a bid to keep prices down.

  • BEIJING, April 3- Creditors in China's Bohai Steel Group have agreed to extend the maturity of their loans and lower the interest rates under a second restructuring plan for the troubled steelmaker, according to financial magazine Caixin on Sunday. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel...

  • LONDON, April 3- Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 3- Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 2- Britain's Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday. Steelmakers in Britain pay some of the highest energy costs and green taxes in the world, but the government says the...

  • Miners: Where the value lies

    Libra Investment Services founding partner Rob McCreery explains why he’s not reluctant to get involved in mining stocks, despite uncertainty in global markets.

  • Vapor rises above Tata Steel's plant in Port Talbot, south Wales, on January 18, 2016.

    A steelmaking crisis gripping the U.K. has led analysts to question the long term viability of the industry in the country.

  • What USD moves tell us about commodities

    Jeremy Wrathall, head of global natural resources at Investec, says if you correlate commodity prices relative to the U.S. dollar it’s almost a “perfect inverse correlation.”

  • Gold prices in process of bottoming out: BAML

    Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses how central banks have an influence on the gold price, and where the commodity is heading.

  • Commodities in the last quarter

    CNBC looks back at how commodity markets moved in the last quarter.

  • Gold rally is a 'marathon, not a sprint'

    Brandon Wendell from Online Trading Academy argues that Goldman's bearish case for gold is incorrect and sees an upside target of $1,387 per ounce.

  • Australia's economy outlook

    Australia's four big banks actually have very little exposure to the mining sector, says Senior Portfolio Manager with Aurora Funds Management

  • Bullish on Gold

    Expect the Fed to keep policy easy as global growth is set to slow, building a bullish case for gold, says Rosland Capital's Jeffrey Nichols.

  • An employee uses an angle grinder on the production line of the tube mill at the manufacturing facility of Uttam Galva Steels Ltd., the Indian unit of ArcelorMittal, in Khopoli, Maharashtra, India.

    Britain's once-mighty steel industry looked in dire straits Wednesday with politicians and union leaders calling for state intervention.

  • Is now the time to invest in mining?

    Paul Renken, chief geologist and mining analyst at VSA Capital, says now is the time for bottom-fishing for those who want mining stocks.

  • Vapor rises above Tata Steel's plant in Port Talbot, south Wales, on January 18, 2016.

    The British steel industry suffered a blow as Tata confirmed fears that it was about to put its UK business up for sale, reports the Financial Times.

  • The "Fast Money" traders give their final trades of the day.