×

Materials and Metals Metals and Mining

  • *STOXX up 0.7 percent, close week down 0.5 pct. *Miners drop as metal prices weaken on China worries. LONDON, Feb 3- European shares ended a mixed week on a positive note on Friday, helped by well-received company earnings and buoyant economic data, while mining stocks were hit by weaker metal prices.

  • LONDON, Feb 3- Copper fell for a third session on Friday after China wrong-footed investors and increased its interest rates, sparking concern about a clampdown on speculators. "The higher rates basically indicate that this year controlling excessive financial risk has become a top priority of the authorities," said Xiao Fu, head of commodity market strategy at...

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest public-listed copper miner, said on Friday it will need to cut staff and development spending in Indonesia if the government there continues to delay export approval of its copper concentrates. The Phoenix- based miner said it has the right to export copper concentrate from its Grasberg mine without...

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest public-listed copper miner, said on Friday it will need to cut staff and development spending in Indonesia if the government continues to delay export approval of its copper concentrates. The Phoenix, Arizona- based miner said it had the right to export copper concentrate without restriction or export...

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest publicly-listed copper miner, said on Friday it will cut costs, staff, and spending in Indonesia in the "near-term" if there is continued delay in government approval to export copper concentrates.

  • LONDON, Jan 3- There's lithium in them there Cornish hills! "Cornwall's mining industry set for 50 bn pound revolution," proclaimed a headline in The Sun newspaper. The company, led by Jeremy Wrathall, a graduate of Cornwall's famous Camborne School of Mines and now a banker with Investec, is currently trying to raise 5 million pounds to start an exploration...

  • LONDON, Feb 3- Copper fell for a third session on Friday after China wrong-footed investors and boosted interest rates, sparking concern about a clampdown on speculators. "The higher rates basically indicate that this year controlling excessive financial risk has become a top priority of the authorities," said Xiao Fu, head of commodity market strategy at Bank...

  • LONDON, Feb 3- Copper fell for a third session on Friday after China wrong-footed investors and boosted interest rates, sparking concern about a clampdown on speculators. "The higher rates basically indicate that this year controlling excessive financial risk has become a top priority of the authorities," said Xiao Fu, head of commodity market strategy at Bank...

  • *London copper down nearly 1 pct, nickel falls more than 2 pct. MELBOURNE, Feb 3- London copper fell on Friday after China raised interest rates, spooking metals markets with fears that an erosion of cheap liquidity could stunt economic growth. London nickel prices also fell, but were still on track for a 7- percent weekly gain after the Philippines said it would...

  • This photo taken on June 16, 2016 shows a barge being loaded with nickel ore at a private port in Infanta town, Pangasinan province, north of Manila.

    The planned closure of 23 Philippine mines, mostly nickel producers, and the suspension of five others will affect about 1.2 million people.

  • MELBOURNE, Feb 3- London nickel prices slipped on Friday, but were still on track for a 7 percent weekly gain on prospects of tighter supply after Philippines said it would permanently close half its nickel production. *Shanghai Futures Exchange nickel was up 3.2 percent at 84,910 yuan a tonne. *China's factory activity expanded for the seventh straight month in...

  • LONDON, Feb 2- Last year zinc was the star performer among the major base metals traded on the London Metal Exchange. LME three-month metal, currently trading around $2,340 per tonne, has notched up a year-to-date gain of over 16 percent, beating zinc into second place. A ferocious squeeze on the London market has helped.

  • WASHINGTON, Feb 2- The U.S. Congress moved swiftly on Thursday to undo Obama-era rules on the environment, corruption, labor and guns, with the Senate wiping from the books a rule aimed at reducing water pollution. By a vote of 54-45, the Senate approved a resolution already passed in the House of Representatives to kill the rule aimed at keeping pollutants out of...

  • By a vote of 54-45, the Senate approved a resolution already passed in the House of Representatives to ax the rule, which is intended to keep water sources in areas of mountaintop removal mining clear of waste. The Senate was scheduled later on Thursday to debate killing an equally controversial rule requiring extraction companies such as Exxon Mobil and...

  • WASHINGTON, Feb 2- The U.S. Senate voted on Thursday to overturn a rule aimed at cutting water pollution from coal-mining waste, the first of a number of Obama-era regulations congressional Republicans are aiming to kill. By a vote of 54-45, the Senate approved a resolution passed in the House of Representatives on Wednesday to axe the rule intended to keep water...

  • WASHINGTON, Feb 2- The battered U.S. coal industry rejoiced after the Senate voted on Thursday to repeal a rule that limited companies from dumping mining waste in streams, saying the move could halt the sector's decline. The Senate, approving a resolution passed by the House of Representatives on Wednesday, overturned the Stream Protection Rule as part of a...

  • WASHINGTON, Feb 2- The U.S. Senate voted on Thursday to repeal a regulation aimed at cutting water pollution from coal-mining waste, in the first successful use of a law known as the Congressional Review Act in more than 15 years. In a vote of 54 to 45, the Senate approved a resolution already passed in the House of Representatives on Wednesday to kill the rule...

  • *Philippines mine closures may be offset by Indonesia. LONDON, Feb 2- Nickel prices hit three-week highs on Thursday after the Philippines ordered the closure of 21 mines, mainly nickel producers that account for about half of output in the world's top ore supplier. The campaign to fight environmental degradation in the Philippines which prompted the mine...

  • LONDON, Feb 2- Last year zinc was the star performer among the major base metals traded on the London Metal Exchange. LME three-month metal, currently trading around $2,340 per tonne, has notched up a year-to-date gain of over 16 percent, beating zinc into second place. A ferocious squeeze on the London market has helped.

  • *Philippines mine closures may be offset by Indonesia. LONDON, Feb 2- Nickel prices hit two-week highs on Thursday after the Philippines ordered the closure of 21 mines, mainly nickel producers that account for about half of output in the world's top ore supplier. The campaign to fight environmental degradation in the Philippines which prompted the mines...