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Metals and Mining Diversified Metals and Mining

  • LONDON, Dec 12- Miner and trader Glencore said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT would be at the top end of its previous guidance at $2.8 billion, steady...

  • LONDON, Dec 5- Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. Electric vehicle metals account for roughly 50 percent of Glencore's core profit, more than double the...

  • Moon Express Chairman Naveen Jain speaks about competition among technology firms to reach the moon.

  • LONDON, Nov 28- Nickel prices hit their lowest in more than six weeks on Tuesday as the market fretted about weaker demand in top consumer China and rising supplies from major producer Indonesia. "We do see China demand coming off and more material coming out of Indonesia. INDONESIA: The gradual lifting of Indonesia's ban on raw material exports, imposed in early...

  • LONDON, Nov 28- Nickel prices hit their lowest in more than six weeks on Tuesday as the market fretted about weaker demand in top consumer China and rising supplies from major producer Indonesia. "We do see China demand coming off and more material coming out of Indonesia. INDONESIA: The gradual lifting of Indonesia's ban on raw material exports, imposed in early...

  • BEIJING, Nov 23- Shanghai aluminum prices rose as much as 1 percent on Thursday, on track to end a four-day losing run despite some lingering bearish sentiment. The metal is still down by around 8 percent in Shanghai so far this month, as Chinese winter smelting restrictions in force from mid-November turned out to be less severe than the market expected.

  • BEIJING, Nov 23- Shanghai aluminium prices rose as much as 1 percent on Thursday, on track to end a four-day losing run despite some lingering bearish sentiment. The metal is still down by around 8 percent in Shanghai so far this month, as Chinese winter smelting restrictions in force from mid-November turned out to be less severe than the market expected.

  • BEIJING, Nov 23- Aluminum rose by around 1 percent in early trade on the Shanghai Futures Exchange on Thursday, on track to end a four-day losing run. *SHFE AlUMINIUM: Shanghai's most-traded aluminum contract was up 0.9 percent at 15,045 yuan a tonne at 0112 GMT, having begun November close to 16,400 yuan a tonne. *LME ALUMINIUM: On the London Metal Exchange,...

  • BEIJING, Nov 23- Aluminium rose by around 1 percent in early trade on the Shanghai Futures Exchange on Thursday, on track to end a four-day losing run. *SHFE AlUMINIUM: Shanghai's most-traded aluminium contract was up 0.9 percent at 15,045 yuan a tonne at 0112 GMT, having begun November close to 16,400 yuan a tonne. *LME ALUMINIUM: On the London Metal Exchange,...

  • LONDON, Nov 22- Zinc climbed to the highest in over a week on Wednesday on persistent concern about shortages and after Chinese steel futures rallied. The zinc market is tight, with treatment charges at low levels, an indication that concentrate supplies are thin, said Robin Bhar, head of metals research at Societe Generale. *LME ZINC: Benchmark zinc on the London...

  • *Any growth plans will focus on India. The company, which mines zinc in India, South Africa and Namibia, said earnings before interest, tax, depreciation and amortization rose to $1.69 billion in the six months ended Sept. 30, marginally below analysts' estimate of $1.71 billion. Operating profit from its zinc business surged nearly 80 percent, as zinc production...

  • Earnings before interest, tax, depreciation and amortization rose to $1.69 billion in the six months ended Sept. 30, from $1.23 billion, a year ago. The company, which mines zinc in India, South Africa and Namibia, reported a near 80 percent jump in operating profit from its zinc business, helped by a 42.1 percent jump in total zinc content mined in India.

  • Vedanta said on Friday that earnings before interest, tax, depreciation and amortization rose to $1.69 billion in the six months ended Sept. 30, from $1.23 billion, a year ago. The company, which mines zinc in India, South Africa and Namibia, reported a near 80 percent jump in operating profit from its zinc business, helped by a 42.1 percent jump in total zinc content...

  • *Petcoke ban comes into effect around New Delhi on Wednesday. NEW DELHI/ SINGAPORE, Nov 1- A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. Its use was banned around New Delhi to...

  • *Petcoke ban comes into effect around New Delhi on Wednesday. NEW DELHI/ SINGAPORE, Nov 1- A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. Its use was banned around New Delhi to...

  • *South Africa weighs on Anglo America. LONDON, Oct 31- Anglo American's new chairman, who arrives on Wednesday, faces investor calls for clear direction at the miner, long seen as a potential takeover target. Top 20 investors in the company who asked not to be named said Anglo's CEO Mark Cutifani had sorted out operational issues, but a vision for what happens next in...

  • Bill Johnston, minister for mines and petroleum of Western Australia, says the state is likely to continue producing more than half of the global supply.

  • *Small cap mining listings struggle on London market. Six small miners have listed in London this year, up from two last year, but four of those are now trading below their offer price despite a rally in metals, led by a 27 percent jump in copper and aluminium prices and a 10 percent rise for gold. London hosts the world's biggest mining companies, including Rio Tinto...

  • *Small cap mining listings struggle on London market. Six small miners have listed in London this year, up from two last year, but four of those are now trading below their offer price despite a rally in metals, led by a 27 percent jump in copper and aluminium prices and a 10 percent rise for gold. London hosts the world's biggest mining companies, including Rio Tinto...

  • Andrew Cole, MD & CEO, OZ Minerals, says demand for copper is being pushed along by new technologies such as electric cars and wind turbines.