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Materials and Metals Metals and Mining

  • BEIJING, Oct 13- China's state planner on Thursday dismissed the months-long rally in coal prices as unsustainable, saying output from local mines would further replenish the country's stockpiles. Beijing has "confidence" it can keep coal supplies stable, Zhao Chenxin, spokesman for the National Development and Reform Commission, said in a news briefing on...

  • BEIJING, Oct 13- China went on an unexpectedly big buying spree for crude oil, coal and iron ore last month, customs data showed on Thursday, even as Beijing cools its overheated property market and concerns linger about the health of the world's No. 2 economy. Daily crude imports hit an all-time high as the nation again overtook the United States as the world's top...

  • SHANGHAI, Oct 13- China's iron ore imports surged to the second highest on record in September, customs data showed on Thursday, as mills in the world's top steel producer ramped up production amid healthy profits. Firm domestic prices also helped curb China's steel exports to the lowest since February, offering a reprieve for overseas rivals that had been...

  • *Spot gold had fallen 0.1 percent to $1,253.20 an ounce by 0052 GMT. *The European Central Bank may discuss technical changes to its asset-buying scheme next week but a decision could be deferred until December when the bank will also decide whether to extend the scheme beyond March, sources familiar with the discussion said. *Bank of England policymaker Michael...

  • TORONTO, Oct 12- Canada's main stock index advanced on Wednesday for the first time in four sessions as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. "A lot of the high dividend paying stocks, like REITs and telecoms have been hurt because of fears over rising rates, and I think interest rates are...

  • CSX CEO on earnings

    Michael Ward, CSX CEO, discusses his company's earnings and outlook, Hurricane Matthew, the current state of coal production and the presidential election.

  • Counting on coal country

    Pennsylvania, one of the key battle ground states in this year's presidential election, remains divided thanks to the coal mining industry. CNBC's Contessa Brewer explains.

  • The politics of coal

    CNBC's Contessa Brewer travels to the Keystone State to talk to voters about issues that matter most to them in this critical swing state.

  • LONDON, Oct 12- Copper steadied on Wednesday as dollar strength ahead of the release of the Federal Reserve's latest minutes offset a drop in London Metal Exchange inventories to a three-week low, and kept a broader recovery in base metals in check. Three-month copper on the London Metal Exchange closed at $4,814 a tonne, little changed from the previous session,...

  • JOHANNESBURG, Oct 12- South Africa has failed to protect residents affected by pollution from contaminated water and mine dumps over more than 130 years of gold mining near Johannesburg, an independent investigation by the Harvard Law School said. Its International Human Rights Clinic said successive governments including the current administration had...

  • TORONTO, Oct 12- Canada's main stock index modestly advanced in see-saw trading on Wednesday as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. Climate-change activists on Tuesday disrupted the flow of millions of barrels of crude from Canada to the United States in rare, coordinated action...

  • What's next for coal country?

    CNBC's Contessa Brewer travels to Pennsylvania to talk to voters about issues that matter most to them in this critical swing state.

  • LONDON, Oct 12- Gold rose on Wednesday as the dollar steadied though analysts said the likelihood of higher U.S. rates later this year was likely to keep prices under pressure, while oversupply pushed platinum to its lowest since April. Spot platinum fell to $937.25 earlier, its lowest since touching $936.81 on April 6, before rising 0.1 percent to $946.20 an ounce...

  • *Philippines struggling to maintain exports anyway. LONDON, Oct 12- Nickel's rally is expected to be sustained by robust demand from China's stainless steel mills, a significant factor behind recent price gains which many think are mainly due to worries about supplies from the Philippines. Benchmark nickel is up more than 40 percent since hitting a 12- year low...

  • ABUJA, Oct 12- Nigeria's government is in advanced talks with its sovereign wealth fund and stock exchange to create a $500 million exploration fund and corporate mining bonds to attract investment, its mining minister said. The OPEC member has made boosting the mining sector a priority as a slump in crude sales, which provide 70 percent of government revenues,...

  • LONDON, Oct 12- Copper prices rose on Wednesday as London Metal Exchange inventories fell to a three-week low and oil climbed, although dollar strength ahead of the release of the Federal Reserve's latest minutes kept a recovery in base metals in check. Three-month copper on the London Metal Exchange was at $4,822.50 a tonne at 0955 GMT, up 0.2 percent.

  • LONDON, Oct 12- Gold rose on Wednesday as the dollar steadied though analysts said the likelihood of higher U.S. rates later this year was likely to keep prices under pressure, while oversupply pushed platinum to its lowest since April. Spot platinum was up 0.6 percent at $950.4 an ounce at 0957 GMT after falling to $939.60 earlier, its lowest since touching...

  • BEIJING, Oct 12- China Construction Bank Corp will conduct a debt-to-equity swap with Yunnan Tin Group, the world's biggest tin producer and exporter, to cut debt and financing costs, the official Xinhua News Agency reported on Wednesday. Yunnan Tin agreement is the second debt-to-equity swap deal this week by CCB, which has also set up a 24 billion yuan...

  • BEIJING, Oct 12- China Construction Bank Corp will conduct a debt-to-equity swap with Yunnan Tin Group, the world's biggest tin producer and exporter, to cut debt and financing costs, the official Xinhua News Agency reported on Wednesday. Yunnan Tin agreement is the second debt-to-equity swap deal this week by CCB, which has also set up a 24 billion yuan...

  • MELBOURNE, Oct 12- London zinc partly recovered on Wednesday after posting its sharpest daily fall in more than 10 months after a major miner said it planned to double output next year, which pummeled zinc prices in Shanghai. One of Peru's top copper and zinc mines, Antamina, will likely double its zinc output to between 340,000 tonnes and 360,000 tonnes next year...