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Materials and Metals Metals and Mining

  • LIMA, Aug 16- Peru declared a 30- day state of emergency in a remote Andean region to end a protest by residents who have blocked a road used by miner MMG Ltd to move its copper concentrate to port for shipping, the government said on Wednesday. Residents in the area have refused to allow trucks from the Las Bambas mine transit a local road unless MMG or the government...

  • MELBOURNE, Aug 17- A broad-based rally in metals extended on Thursday to new multi-year peaks for London aluminum, copper and zinc, on expectations that China's reform of its metals industry will curb supply against a background of robust demand. *LME COPPER: London Metal Exchange copper struck its highest since November 2014 at $6,580 a tonne, before paring...

  • MELBOURNE, Aug 17- A broad-based rally in metals extended on Thursday to new multi-year peaks for London aluminium, copper and zinc, on expectations that China's reform of its metals industry will curb supply against a background of robust demand. *LME COPPER: London Metal Exchange copper struck its highest since November 2014 at $6,580 a tonne, before paring...

  • LIMA, Aug 16- Peru declared a 30- day state of emergency in a remote Andean region to end a protest by residents who have blocked a road used by miner MMG Ltd to move its copper concentrate to port for shipping, the government said on Wednesday. Residents in the area have refused to allow trucks from the Las Bambas mine transit a local road unless MMG or the government...

  • LONDON, Aug 16- Zinc prices surged to their highest in almost a decade on Wednesday while aluminum and copper hit their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying. LME ZINC: Benchmark zinc on the London Metal Exchange closed up 5.4 percent at $3,119 a tonne, on track for its biggest gain...

  • LONDON, Aug 16- Miners and oil stocks led Europe's major share indexes higher on Wednesday on the back of higher metals prices and improved euro zone GDP figures. Basic resource stocks provided the top boost, gaining 2.5 percent after London zinc hit a decade high, lifted by Chinese construction spending. Glencore, Boliden, Anglo American and Outokumpu rose by...

  • LONDON, Aug 16- Zinc prices surged to their highest level in almost a decade on Wednesday while aluminium and copper prices were at their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying. LME ZINC: Benchmark zinc on the London Metal Exchange was up 5.1 percent at $3,117.50 a tonne at 1455 GMT, on...

  • LONDON, Aug 16- Zinc prices surged to their highest level in almost a decade on Wednesday while aluminum and copper prices were at their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying. LME ZINC: Benchmark zinc on the London Metal Exchange was up 5.1 percent at $3,117.50 a tonne at 1455 GMT, on...

  • CONAKRY, Aug 16- Aluminum Corp of China plans to invest $500 million in a project to produce bauxite, used to make aluminum, in Guinea starting next year, the mines ministry said. The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.

  • *Miners, energy firms lead Europe shares higher; Asia rises. LONDON, Aug 16- European shares were on track for their best week since late April on Wednesday, gaining almost 1 percent on forecast-beating growth data, rising metals prices and a weakening euro. The pan-European STOXX 600 index rose 0.8 percent, led by basic resources companies and energy firms,...

  • *Miners, energy firms lead Europe shares higher; Asia rises. LONDON, Aug 16- European shares were on track for their best week since late April on Wednesday, gaining almost 1 percent on forecast-beating growth data, rising metals prices and a weakening euro. The pan-European STOXX 600 index rose 0.8 percent, led by basic resources companies and energy firms,...

  • "Round tripping to Dubai will come down due to the move," an official with India Bullion and Jewellers Association Ltd said. "Until now, traders only had to pay a lower import tax or no tax at all on gold jewellery and gold coins so long as they re-exported the gold," Commerzbank analyst Carsten Fritsch said in a note. India's gold imports in July nearly doubled from last...

  • Aug 16- U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The price of frack sand is...

  • LONDON, Aug 16- Miners and oil stocks helped Europe's major share index make robust gains on Wednesday as higher metals prices lent a hand and improved euro zone GDP figures underpinned investor optimism over the region's equities. Basic resource stocks were the top boost, jumping 1.8 percent after London zinc hit a decade high, lifted by Chinese construction...

  • BEIJING, Aug 16- China will ban the production and trade of a range of products containing mercury by 2020, including thermometers and blood pressure monitors, and ban primary mercury mining by 2032, as a global pact to cut pollution from the metal comes into effect. China- the world's biggest miner and consumer of mercury- signed the Minamata Convention on...

  • LONDON, Aug 16- Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track. Basic resources stocks were the top boost, up 1.1 percent after London zinc hit a decade high, lifted by Chinese...

  • JAKARTA, Aug 16- Flash floods have left one worker missing and caused extensive damage to a power plant at U.S.-owned miner Freeport Indonesia's operations in the eastern-most province of Papua, company officials said on Wednesday. "One person remains unaccounted for after flash floods that occurred late Tuesday destroyed roads, bridges, water lines and most...

  • JAKARTA, Aug 16- Flash floods have left one worker missing and caused extensive damage to a power plant at U.S.-owned miner Freeport Indonesia's operations in the eastern-most province of Papua, company officials said on Wednesday. "One person remains unaccounted for after flash floods that occurred late Tuesday destroyed roads, bridges, water lines and most...

  • The rally in zinc, used for galvanising steel, comes as China steps up plans to develop infrastructure while capacity cuts in its steel industry reform boost prices, said analyst Daniel Hynes of ANZ in Sydney. "There a fair level of scepticism at the start of the year when China's infrastructure projects were announced but we're seeing much...

  • MELBOURNE, Aug 16- London zinc was edging towards its highest in a decade on Wednesday, boosted as a months-long rally in steel prices also pushes up markets for steelmaking raw materials. *LME aluminum hit its highest since November, 2014 at $2,065 a tonne as Chinese capacity cuts extend to the sector as Beijing tries to clean up its skies ahead of the winter...