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Metals and Mining Steel Producers

  • President-elect Donald Trump's Cabinet have emerged, including former CIA chief and retired General David Petraeus as a potential defense secretary, according to a Wall Street Journal report. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired Lieutenant General Michael Flynn to be national...

  • President-elect Donald Trump's Cabinet have emerged, including former CIA chief and retired General David Petraeus as a potential defense secretary, according to a Wall Street Journal report. On Friday it was announced that Trump had chosen Republican Senator Jeff Sessions to be attorney general, retired Lieutenant General Michael Flynn to be national...

  • LONDON, Nov 18- Copper clocked its biggest weekly fall in a month on Friday as the dollar soared to a 14- year high and traders decided a rally driven by U.S. president-elect Donald Trump's economic policies was overdone, for now. Since hitting a 17- month high above $6,000 on Nov. 11, however, copper has dropped nearly 10 percent, hurt in the latest instance by Federal...

  • SAO PAULO, Nov 18- Falling debt costs and a steadier Brazilian currency bolstered some companies' third-quarter earnings but the results disappointed hopes for signs of a recovery in the country's recession-bound economy. Brazil's benchmark Bovespa stock index has rallied nearly 40 percent in 2016, despite the worst recession since the 1930 s, as investors...

  • WASHINGTON, Nov 18- Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. "This is the best news that Appalachia as a whole has had in about 10 years," said Jason Bostic, a vice president at the West Virginia Coal Association, referring to Trump's...

  • WASHINGTON, Nov 18- Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. "This is the best news that Appalachia as a whole has had in about 10 years," said Jason Bostic, a vice president at the West Virginia Coal Association, referring to Trump's...

  • HAVANA, Nov 17- Sherritt International Corp's joint nickel venture in Cuba will return to profit next year if prices for the metal sustain themselves at the current level, the Canadian mining company's head said in an interview. Beyond its Cuba venture, Sherritt also has a stake in a large Madagascar nickel mine. The Canadian company has been operating in...

  • Senator Ted Cruz as a potential attorney general and North Carolina Governor Nikki Haley as secretary of state, as he works to fill administration positions ahead of his inauguration on Jan. 20. Trump said on Sunday he would hire Republican National Committee Chairman Reince Priebus as White House chief of staff and named Stephen Bannon, former head of the...

  • Senator Ted Cruz as a potential attorney general and North Carolina Governor Nikki Haley as secretary of state, as he works to fill administration positions ahead of his inauguration on Jan. 20. Trump said on Sunday he would hire Republican National Committee Chairman Reince Priebus as White House chief of staff and named Stephen Bannon, former head of the...

  • Senator Ted Cruz as a potential attorney general and North Carolina Governor Nikki Haley as secretary of state, as he works to fill administration positions ahead of his inauguration on Jan. 20. Trump said on Sunday he would hire Republican National Committee Chairman Reince Priebus as White House chief of staff and named Stephen Bannon, former head of the...

  • LAUNCESTON, Australia, Nov 16- There are two ways of looking at Rio Tinto's decision to close one of its major iron ore mines over the Christmas period: to take the company's explanation of operational reasons at face value or to see the move as part of a wider strategy. Rio told its employees at the Hope Downs 4 mine in Western Australia that it would close the...

  • OPEC will 'cheat' on any agreement: Gartman

    Dennis Gartman, The Gartman Letter, provides his thoughts on the likelihood of an OPEC agreement on oil production, and weighs in on the future of commodity prices on the heels of Trump's election. You want to be a buyer of the "stuff that goes into economic goods," says Gartman.

  • LAUNCESTON, Australia, Nov 16- There are two ways of looking at Rio Tinto's decision to close one of its major iron ore mines over the Christmas period: to take the company's explanation of operational reasons at face value or to see the move as part of a wider strategy. Rio told its employees at the Hope Downs 4 mine in Western Australia that it would close the...

  • LAUNCESTON, Australia, Nov 15- China may need a bigger mallet to hammer the nation's commodity investors and take the wind out of what Beijing believes is a speculative bubble in prices for natural resources. The Shanghai Futures Exchange raised fees for its benchmark steel rebar contract on Nov. 8, while warning of wild swings in some of its products.

  • LONDON, Nov 15- China has already met its target of cutting 45 million tonnes of steel production capacity this year, according to the country's top economic planning body, the National Development and Reform Commission. It may even eliminate a bit more over the last couple of months of 2016.. Beijing's planners do targets well, particularly when they have...

  • LAUNCESTON, Australia, Nov 15- China may need a bigger mallet to hammer the nation's commodity investors and take the wind out of what Beijing believes is a speculative bubble in prices for natural resources. The Shanghai Futures Exchange raised fees for its benchmark steel rebar contract on Nov. 8, while warning of wild swings in some of its products.

  • SAO PAULO, Nov 14- The Brazilian real weakened more than its peers on Monday as traders' concerns over the election of Donald Trump as U.S. president drove investors to seek safer investments ahead of a local holiday. The peso has been the world's worst-performing currency this year on fears Trump could decrease trade and build a wall between the Mexico and the...

  • LAUNCESTON, Australia, Nov 14- The election of Donald Trump as U.S. president has added froth to prices for metals and bulk commodities, but the real driver is, and will remain, the outlook for China. And that rally has a lot more to do with developments in China than it has to do with whether Trump can convince fellow Republican lawmakers to send the U.S. budget further...

  • LAUNCESTON, Australia, Nov 14- The election of Donald Trump as U.S. president has added froth to prices for metals and bulk commodities, but the real driver is, and will remain, the outlook for China. And that rally has a lot more to do with developments in China than it has to do with whether Trump can convince fellow Republican lawmakers to send the U.S. budget further...

  • SYDNEY, Nov 14- Shanghai metals futures opened lower across the board on Monday as hopes for a swift boost from Donald Trump's U.S. presidential election win and improved industrial prospects in China dwindled after propelling markets high late last week. *The most-traded copper contract on the Shanghai Futures Exchange slipped 0.86 percent to 44,940 yuan a...