×

Materials and Metals Metals and Mining

  • MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5...

  • MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5...

  • *Sale to form part of Indonesia's 51 pct holding in mine. May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's Inalum. Rio Tinto confirmed that discussions between it, Indonesia's state mining holding company Inalum and miner Freeport were ongoing, "including...

  • EAST PEORIA, Ill., May 23- Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. But meeting that boom in demand at the world's largest heavy equipment manufacturer is a challenge, in part because of Caterpillar suppliers like Steve...

  • MANILA, May 23- London copper futures edged lower on Wednesday, pulling back from the previous session's nearly one-month peak, after U.S. COPPER: Three-month copper on the London Metal Exchange was down 0.5 percent at $6,945 a tonne by 0143 GMT, after peaking at $6,999 on Tuesday, its loftiest since April 26. In Shanghai, the most-traded July copper contract on the...

  • *Sale to form part of Indonesia's 51 pct holding in mine. May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's Inalum for $3.5 billion. No agreement has been reached and there is no certainty that a binding agreement with Indonesia's state mining holding...

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminum market and trade dynamics, it's curious how hazy its internal workings are.

  • May 23- Global miner Rio Tinto Ltd on Wednesday confirmed it was in discussions with Inalum and Freeport-McMoRan regarding Inalum's potential purchase of Rio's stake in the Grasberg mine, including the price of the deal. No agreement has been reached and there is no certainty that binding agreements would be signed, Rio said in a statement noting reports of the...

  • May 22- Canada's Cobalt 27 Capital Corp said on Tuesday it has agreed to the world's first cobalt-nickel streaming finance deal on a producing mine with an Australian miner as the industry looks to bolster supplies of the key battery metal. The transaction comes as Brazilian miner Vale SA was seeking to sell cobalt from its Voisey's Bay mine in eastern Canada in...

  • A Chinese worker loading aluminium tapes at an aluminium production plant in Huaibei, east China's Anhui province.

    "Those are not being touched" as part of a separate trade pact with China, Mnuchin told senators.

  • A worker loads a liquid electrolyte into the electrolysis bath at the Krasnoyarsk aluminum smelter, operated by United Co. Rusal, in Krasnoyarsk, Russia.

    A growing list of countries reject the view that tariffs are justified by U.S. national security concerns.

  • The turbo-charged expansion has outpaced even China's voracious demand for the metal, inciting increasing protestation from the rest of the world over the resulting flow of exports and lack of transparency from China's alumunium sector. Given China's central role in the aluminum market and trade dynamics, it's curious how hazy its internal workings are.

  • BRUSSELS— The European Union expressed doubt Tuesday that U.S. He also temporarily excluded big steel producers Canada and Mexico, provided they agree to renegotiate a North American trade deal to his satisfaction. I'm not sure frankly, "Trade Commissioner Cecilia Malmstrom told reporters in Brussels after discussing the tariffs with EU ministers.

  • WASHINGTON— The United States has raised tariffs on steel from Vietnam that Washington says originated in China and evaded anti-dumping duties on Chinese steel. Importers of corrosion-resistant and cold-rolled flat steel from Vietnam will be required to post deposits to pay possible duties of 39 to 256 percent, the Commerce Department said Monday.

  • It's not so much that iron ore prices or volumes are expected to shift dramatically in the coming months, it's more that structural changes in the world's biggest importer, China, are re-shaping how the industry works. China imported 353.4 million tonnes of iron ore in the first four months of 2018, a mere 0.2 percent more than the same period last year, according...

  • China holds they key for iron ore demand

    Paul Gray of Wood Mackenzie says China's steel industry continues to show good demand for iron ore but will eventually level off as capacity reaches its "peak."

  • WASHINGTON, May 21- The U.S. Commerce Department on Monday slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and anti-subsidy orders. U.S. customs authorities will collect anti-dumping duties of 199.76 percent and countervailing duties of 256.44 percent on imports of...

  • WASHINGTON, May 21- The U.S. Commerce Department on Monday slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and anti-subsidy orders.

  • LONDON, May 21- Copper rose to a one-week high on Monday as fears over a U.S.-China trade war eased, countering the impact of a rising dollar, while nickel came under pressure from falling ferrous metals prices in China. *COPPER: Three-month copper on the London Metal Exchange traded up 0.6 percent to $6,895 a tonne in official midday rings, having hit a one week high...

  • MELBOURNE, May 21- Copper edged higher on Monday after China and the United States put their trade row "on hold," easing concerns that the dispute could escalate, although headwinds from a stronger dollar capped further gains. *Shanghai Futures Exchange copper also edged up by 0.3 percent to 51,370 yuan a tonne. Treasury Secretary Steven Mnuchin said on Sunday.