Materials and Metals Metals and Mining


  • LONDON, Feb 2- Copper prices hit a four-week high on Tuesday as traders reversed bets on lower prices ahead of the Lunar New Year and sentiment was boosted by expectations of further supply cuts to offset slowing demand in top consumer China. Benchmark copper on the London Metal Exchange was up 0.9 percent at $4,601 a tonne at 0954 GMT. China starts a week-long...

  • MELBOURNE/ BEIJING, Feb 2- China plans to boost its crackdown on illegal mining of rare earths by setting up a system to certify the origin of supplies of the materials, used in everything from fighter jets to mobile phones. Illegal Chinese output and smuggling have helped drag global rare earth prices to their lowest in around six years, hitting legitimate...

  • MELBOURNE, Feb 2- London copper hit a four week top on Tuesday on technical buying as traders wound up positions ahead of the Lunar New Year, and after a steadier tone in China stocks and currency markets soothed concerns about the country's economy. Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in...

  • MELBOURNE, Feb 2- London copper edged lower on Tuesday after China's factory growth slowed sharply in January, but solid Chinese imports of the metal in December have sparked confidence that prices are finding a floor. But the China data that we saw earlier in the month including imports, seemed to provide a base for confidence for the bulls, "said analyst Daniel...

  • MELBOURNE, Feb 2- London copper was treading water on Tuesday after China's factory growth slowed sharply in January, but solid Chinese imports of the metal in December have sparked confidence that prices are finding a floor. *Shanghai Futures Exchange copper was steady at 35,610 yuan a tonne. *China's manufacturing activity contracted at its fastest pace in...

  • TORONTO, Feb 1- Tanking fertilizer prices have worsened the economic and budget outlook for the Canadian province of Saskatchewan, where the oil shock has already stalled growth, pushed the government into deficit and caused its bonds to underperform. Saskatchewan may have seen no growth, at best, in 2015, economists said, and given the latest potash news, this...

  • *China's government hasn't decided on plan to stockpile tin. LONDON, Feb 1- Copper prices slipped on Monday alongside Chinese equities on news the country's manufacturing sector shrank at the fastest in more than three years, reinforcing fears of weaker demand in the top consumer of industrial metals. China's official Purchasing Managers' Index fell to 49.4 in...

  • Metals close in the green

    CNBC’s Melissa Lee reports on the impact of a stronger dollar on the metals.

  • Iraq oil

    CNBC's Jackie DeAngelis looks ahead to market events that could move oil prices next week.

  • This picture taken on September 18, 2014 shows a truck carries ores from a quarry in the outskirts of Urumqi

    Profits earned by Chinese industrial firms in December fell 4.7 percent from a year earlier, as the slowing economy hits sales and forces price cuts.

  • A worker polishes steel coils at a factory of Dongbei Special Steel Group in Dalian, China.

    Beaten down metals prices may find some support as China's raw-materials dependent sectors begin to show some modest improvement, Goldman Sachs said.

  • Brazil's government and Samarco Mineracao have moved closer to a deal to settle a $4.8B lawsuit for damages from November's dam disaster.

  • China's demand for iron ore still holding up

    Jonathan Barratt , CIO at Ayers Alliance Securities, discusses Rio Tinto's production plans and the prospects for iron ore demand in China.

  • Why Rio Tinto posted iron ore shipment growth

    Annalisa Jeffries, associate editorial director of Asia metals at Platts, says Australia and Brazil cover 84 percent of iron ore exports to China, compared to 74 percent a couple of years ago.

  • Gold output has peaked in this commodities cycle, according to mining industry leaders and analysts, the Financial Times reports.

  • Oil and gas business is suffering: Sodexo CEO

    Michel Landel, CEO of Sodexo, says the company's oil and gas business has declined by 14 percent, although the business represents just 7 percent of Sodexo's group revenue.

  • Copper falls to 7-year low

    Is copper signaling a warning to the world? CNBC's Jackie DeAngelis and the Futures Now Traders have a play that targets the red metal.

  • Alcoa's earnings are tied to China story: Morningstar

    China's construction slowdown and increased exports of semi-finished aluminum goods have hurt Alcoa, explains Andrew Lane, metals analyst at Morningstar

  • Is Alcoa going down the right path?

    Charles Bradford, president and metals analyst at Bradford Research, says a potential spin-off of Alcoa's business division is a good call, given that metal prices are out of Alcoa's control.

  • Where is Alcoa heading?

    Philip Van Deusen, director of research at Tigress Financial Partners, discusses news of Alcoa potentially spinning off its automotive and aerospace business.