×

Materials and Metals Metals and Mining

  • TORONTO, Sept 21- Canada's main stock index inched higher on Thursday morning as gains for heavyweight banking stocks offset declines for gold and base metal miners hurt by the U.S. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was slightly higher, up 16.85 points, or 0.11 percent, at 15,406.45 as investors bought into financial stocks,...

  • LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...

  • ULAANBAATAR, Sept 21- A boom in the coal trade in Mongolia has helped elevate the country's benchmark stock index and pump the tiny exchange's market capitalisation to five-year highs as optimism about the economy grows following a bailout deal. Mongolia has helped fill a supply gap following Beijing's ban on imports from North Korea and some smaller ports, as...

  • HARARE, Sept 21- Zimbabwe's gold production rose 10 percent in the first eight months of this year to 14.6 tonnes, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe's single largest mineral export. The central bank has said Zimbabwe could be losing up to $500 million through illegal gold exports.

  • LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...

  • MELBOURNE, Sept 21- London metals came under pressure on Thursday after the Federal Reserved raised expectations of one more rate hike this year, lifting the dollar and raising prospects of higher costs for industrial metals. *LME COPPER: London Metal Exchange copper had slipped by 0.8 percent to $6,471 a tonne by 0150 GMT, following a slightly softer close in the...

  • Andrew Forrest, chairman, Fortescue Metals, says ending global slavery is possible now because it can be measured and dismantled.

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • *Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros.

  • LONDON, Sept 20- Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Anil Agarwal has previously stated he has no plans to take over Anglo American, although his family trust is now...

  • *Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Sure, Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations to create the continent's No.2 steelmaker.

  • Marc Faber

    "The Gloom Boom and Doom Report" Publisher Marc Faber won't back down from his bearish call on U.S. stocks.

  • **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. **U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A $517 million...

  • **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. **U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A $517 million...

  • LONDON, Sept 20- Aluminum soared to its highest in five years on Wednesday on reports that China's mammoth producer Chinalco was cutting output two months early and would soon pare back stocks of available metal. "China is making an effort to make efforts to cut back ahead of the winter months," Natixis analyst Bernard Dahdah. CHINA OUTPUT: China's aluminum...

  • *Expect annual synergies of 400- 600 million euros. ESSEN, Germany, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations in a preliminary deal that would create the continent's No.2 steelmaker after ArcelorMittal. The companies say they need to consolidate to address overcapacity in the European...

  • BEIJING, Sept 20- Shanghai aluminum prices on Wednesday hit their highest in nearly six years on a report that two companies in Henan province have started cutting production almost two months before China's official winter restrictions kick in. The most-traded aluminum contract on the Shanghai Futures Exchange finished up 3.36 percent, its biggest...

  • BERLIN, Sept 20- German Economy Minister Brigitte Zypries said on Wednesday that employees were not yet convinced about plans for Germany's Thyssenkrupp and India's Tata Steel to merge and added that all affected parties needed to accept any deal. Thyssenkrupp and Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in...

  • BERLIN, Sept 20- German Labour Minister Andrea Nahles said on Wednesday that a merger between Germany's Thyssenkrupp and India's Tata Steel should not happen at any cost and the headquarters needed to be in Germany if it did happen. The sites in Germany must be maintained and compulsory redundancies must be ruled out, "Nahles said in an emailed statement, adding...