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Materials and Metals Metals and Mining

  • SAO PAULO, Oct 7- The division between the two controlling shareholders of Usinas Siderúrgicas de Minas Gerais SA risks destroying the Brazilian flat steelmaker, a senior executive at minority shareholder and rival Cia Siderúrgica Nacional SA said on Friday. The business relationship between controlling shareholders Nippon Steel& Sumitomo Metal Corp...

  • Futures Now: Not so precious week for metals

    The "Futures Now" team discusses the gold and silver markets with CNBC's Jackie DeAngelis.

  • *Indonesia reconsiders nickel ore export ban. LONDON, Oct 7- Copper rose on Friday after the dollar pared gains on data showing U.S. employers took on fewer workers than expected in September, indicating the Federal Reserve could be more cautious about raising interest rates. "The dollar edged lower after the payrolls and encouraged a moderate rally in base metal...

  • *Latest in series of duties set for Chinese steel. BRUSSELS, Oct 7- The European Union has set provisional import duties on two types of steel coming into the bloc from China to counter what it says are unfairly low prices, in a move likely to anger Beijing. China, the source of 50 percent of the world's steel and the largest steel consumer, has said the problem is a global...

  • Indonesia reconsiders nickel ore export ban. LONDON, Oct 7- Aluminum hit a seven-week high and copper also rose on Friday after the dollar slipped on data showing U.S. employers took on fewer workers than expected in September, indicating the Federal Reserve could be more cautious about raising interest rates. "The dollar edged lower after the payrolls and...

  • *Latest in series of duties set for Chinese steel. BRUSSELS, Oct 7- The European Union has set provisional import duties on two types of steel coming into the bloc from China to counter what it says are unfairly low prices, in a move likely to anger Beijing. China, the source of 50 percent of the world's steel and the largest steel consumer, has said the problem is a global...

  • BRUSSELS, Oct 7- The European Union has set provisional import duties on two grades of steel coming into the bloc from China to counter what it says are unfairly low prices in a move likely to anger Beijing. The hot-rolled steel case includes Bengang Steel Plates Co Ltd and Hebei Iron& Steel Co. Ltd and units of Jiangsu Shagang Group. The heavy plate steel case covers...

  • China is experiencing a resurgence in construction as the government boosted stimulus measures in a slowing economy.

    Australia on Friday raised price forecasts for iron ore and coal on the back of an unexpected demand from Chinese steelmakers.

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • TORONTO, Oct 6- Canada's main stock index edged lower on Thursday as gold miners' shares fell with the precious metal on increased expectations that U.S. interest rates will rise this year. Barrick Gold Corp fell 2.3 percent to C $20.59 and Detour Gold Corp lost 3.4 percent to C $22.87. So when you get a move like this... it is going to have some impact, "said Philip...

  • *Economics of shale gas in UK unclear- UK Energy Research Centre. LONDON, Oct 6- Britain's government approved its second-ever shale gas fracking permit on Thursday, overruling a local authority decision and boosting the country's position as Europe's most promising shale gas exploration ground. Britain's Secretary of State for Communities and Local...

  • *Economics of shale gas in UK unclear- UK Energy Research Centre. LONDON, Oct 6- Britain's government approved its second-ever shale gas fracking permit on Thursday, overruling a local authority decision and boosting the country's position as Europe's most promising shale gas exploration ground. Britain's Secretary of State for Communities and Local...

  • LONDON, Oct 6- Copper hit a two-week low on Thursday as the dollar rose ahead of U.S. jobs data that could increase the likelihood of Federal Reserve interest rate rises before year-end and the market waited for clues on demand in top consumer China. Traders said volumes were subdued by a week-long holiday in China. Yet China is still expected by analysts to be the...

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • LONDON, Oct 6- Copper hit a two-week low on Thursday as the dollar rose ahead of U.S. jobs data which could reinforce the idea of Fed rate rises rates later this year and the market waited for clues to demand in top consumer China. Benchmark copper on the London Metal Exchange was down 0.7 percent at $4,764 a tonne at 1038 GMT, after touching $4,761.50 earlier.

  • LONDON, Oct 6- The British government approved a new shale gas fracking permit on Thursday, overruling a local authority decision and boosting Britain's position as Europe's most promising shale gas exploration ground. Britain's Secretary of State for Communities and Local Government Sajid Javid gave the go-ahead for shale gas company Cuadrilla to carry...

  • Britain's Department for Communities and Local Government said it was also minded to approve the second permit but has asked for further evidence on road safety. Soon after, Britain gave its communities minister power to directly approve shale gas permits. Britain is estimated to have substantial amounts of shale gas trapped in underground rocks and the...

  • BRIEF-CUADRILLA SAYS UK APPROVES ONE, NEEDS MORE TIME ON. SECOND SHALE GAS PERMIT@ permit@. *Cuadrilla says uk government approves one of two shale gas fracking permits.

  • But coal is still the world's second primary fuel after oil, according to the International Energy Agency. The price recovery is a boon for mining companies, such as Whitehaven Coal, Rio Tinto, and Glencore, and stands in sharp contrast to forecasts by Goldman Sachs and the International Energy Agency, who have said coal is in terminal decline.

  • But coal is still the world's second primary fuel after oil, according to the International Energy Agency. The price recovery is a boon for mining companies, such as Whitehaven Coal, Rio Tinto, and Glencore, and stands in sharp contrast to forecasts by Goldman Sachs and the International Energy Agency, who have said coal is in terminal decline.