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Materials and Metals Metals and Mining

  • *Plans investigation into cast iron from China/ India. *China says WTO rules mean it merits new treatment from Dec. 11. BRUSSELS, Dec 9- The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe's steel problems are due to the region's own economic...

  • LONDON, Dec 9- Crunch time is coming for the flow of nickel ore from the Philippines to China. Between them they account for around half of the country's production, putting at risk China's nickel pig iron producers who have become increasingly reliant on Philippine supply for their raw material input. This time around, however, normal seasonality could generate...

  • *China economy reflating as producer prices surge. LONDON, Dec 9- Copper was set to close the week higher on Friday after robust China data offered more evidence that the world's No.2 economy is recovering, though moves by Chinese authorities to tame speculation made some bulls cautious. The stronger-than-expected 3.3 percent surge in prices, along with upbeat...

  • BRUSSELS, Dec 9- The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, a case Beijing said it viewed with deep concern. An official at China's Commerce Ministry said Beijing attached a "high degree of attention and concern" to the case and that Europe's steel problems were due...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma Negra deal would involve the sale of a 40- percent stake.

  • *Blames hackers based in southeast Asia. FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, said it had been targeted by attackers located in...

  • Dec 8- United States Steel Corp said on Thursday that Chief Executive Mario Longhi was referring to the whole U.S. steel industry, not US Steel, when he spoke on Wednesday about potentially restoring up to 10,000 jobs in the United States. He had been asked about initiatives proposed by President-elect Donald Trump, who has said he wants to renegotiate trade deals,...

  • MOSCOW, Dec 8- Russian billionaire Vladimir Lisin may sell part of his holding in the country's largest steelmaker NLMK, which he controls, three banking and industry sources told Reuters on Thursday. Lisin controls 85.5 percent of NLMK and Forbes magazine ranks him as Russia's eighth richest businessman worth about $9.3 billion. Lisin's representative...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world's largest steel makers, attributed the breaches to unnamed attackers located in southeast Asia engaged in what it...

  • World realisng that monetary stimullus stopped working in 2014

    Robert Bishop, founder and managing principal at Impala Asset Management, discusses his stock pick of Rio Tinto and reacts to the latest ECB policy move.

  • LAUNCESTON, Australia, Dec 8- China has thrown the world's commodity producers and traders a massive party in the last few months, as evidenced by robust figures for November's imports of crude oil, iron ore and coal among others. China imports of iron ore jumped to the third highest on record, with November's 91.98 million tonnes up 13.8 percent from the previous...

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from ThyssenKrupp AG in cyber attacks earlier this year, the steelmaker said on Thursday. Secured systems operating steel blast furnaces and power plants in Duisburg, in Germany's industrial heartland in the Ruhr Valley, were unaffected, the company said. ThyssenKrupp is a major supplier of steel to...

  • BEIJING, Dec 8- China's imports of commodities surged unexpectedly last month putting the world's second-largest economy on track to set records for shipments of iron ore, coal and soybeans even as concerns linger about slowing economic growth. "The rise in copper imports reflected in part a rise in Shanghai Futures Exchange inventories and stronger demand...

  • LAUNCESTON, Australia, Dec 8- China has thrown the world's commodity producers and traders a massive party in the last few months, as evidenced by robust figures for November's imports of crude oil, iron ore and coal among others. China imports of iron ore jumped to the third highest on record, with November's 91.98 million tonnes up 13.8 percent from the previous...

  • BEIJING, Dec 8- China imported 91.98 million tonnes of iron ore in November, up 13.8 percent from the previous month and reaching one of the highest volumes on record, official data from the country's customs authority showed on Thursday. The total was an increase of 12 percent from 80.8 million tonnes in November last year and was the third highest month on record,...

  • *November iron ore imports up 12 pct on year. BEIJING, Dec 8- China imported 91.98 million tonnes of iron ore in November, up 13.8 percent from the previous month and one of the highest volumes on record, official data from the country's customs authority showed on Thursday. The total was an increase of 12 percent from 80.8 million tonnes in November last year and was...

  • LIMA, Dec 7- The government of Pedro Pablo Kuczynski has asked MMG Ltd's copper mine Las Bambas to seek fresh approval for its environmental plan to correct any possible shortcomings, the vice president said Wednesday. Martin Vizcarra said Las Bambas, one of the world's biggest copper pits, would be able to operate as usual while it prepares an "integral"...

  • SYDNEY, Dec 8- Planned changes to Papua New Guinea's mining laws are creating uncertainty ahead of an upcoming election, despite strong interest in proposed multibillion dollar mining and energy projects in the Pacific nation, lenders and advisers say. The quality of the copper, gold and gas resources in the country mean there is appetite to lend to projects...

  • SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, while Shanghai copper lost more ground on mounting concerns a recent rally pinned on strong physical demand was overstretched. *The most-traded copper contract on the Shanghai Futures Exchange slipped 1.38 percent to 47,270 yuan a tonne. *Asian shares hopped higher on...