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Materials and Metals Metals and Mining

  • SINGAPORE, June 12- Copper prices climbed for a forth consecutive session on Monday, underpinned by strong demand from top consumer China and concerns over tight supplies from Chile. *LME COPPER: Three-month copper on the London Metal Exchange had risen 0.2 percent to $5,813.5 a tonne by 0104 GMT, extending Friday's gains that saw prices climb to their highest...

  • *Spot gold had risen 0.3 percent to $1,269.16 per ounce by 0053 GMT. *U.S. gold futures for August delivery were flat at $1,271.60. *Palladium, which hit its highest level in 16 years on Friday, was up 0.3 percent at $893.50 an ounce.

  • WASHINGTON, June 10- More than two dozen U.S. lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to reject the proposed sale of U.S. aluminum products maker Aleris Corp to China Zhongwang Holdings Ltd to protect U.S. security interests. Aleris spokesman Jason Saragian said Aleris did not make defense products in the United States.

  • TORONTO, June 9- Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, to 6.33 percent as of June 6, from 7.2 percent in late November, according to a regulatory filing on Friday. Icahn held 91.6 million Freeport shares as of June 6, a filing with the U.S. Securities and Exchange Commission showed.

  • NEW YORK/ LONDON, June 9- Gold prices fell about 1 percent on Friday as the dollar strengthened while palladium leapt more than 7 percent as a surge in speculative demand forced industrial users to close out short positions, traders said. That pushed prices through the 16- year declining trendline at $868 an ounce, triggering a further surge that took them to their...

  • BRUSSELS, June 9- The European Union has set duties of up to 35.9 percent on imports of hot-rolled flat steel from China to counter what it says are unfair subsidies in a finding challenged by Beijing. She added that she hoped global discussions on steel overcapacity would eventually convince China to end unfair schemes to ensure a level playing field for all...

  • GENEVA, June 9- India has complained to the World Trade Organization that the United States has failed to drop anti-subsidy duties on certain Indian steel products after losing an earlier ruling, a document published by the WTO said on Friday. India said the United States had failed to meet an April 2016 deadline to comply with a WTO ruling that faulted it for...

  • JOHANNESBURG, June 9- Miners have downed tools and 16 workers have been physically assaulted in a wildcat strike at Sibanye Gold's Cooke operation west of Johannesburg, the company said on Friday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it will clear all illegal...

  • GENEVA, June 9- India has complained to the World Trade Organization that the United States has failed to drop anti-subsidy duties on certain Indian steel products after losing an earlier ruling, a document published by the WTO said on Friday.

  • LONDON, June 9- Palladium leapt more than 7 percent on Friday to its highest in over 16 years, as a surge in speculative demand forced industrial users to close out short positions, traders said, pushing the metal through long-term chart resistance. That pushed prices through the 16- year declining trendline at $868 an ounce, triggering a further surge that took...

  • BRUSSELS, June 9- The European Union has set duties of up to 35.9 percent on imports of hot-rolled flat steel from China to counter what it says are unfair subsidies in a finding challenged by Beijing. She added that she hoped global discussions on steel overcapacity would eventually convince China to end unfair schemes to ensure a level playing field for all...

  • LONDON, June 9- Copper prices hit their highest in over five weeks on Friday, helped by supply concerns in Chile, recent data pointing to robust import demand from China and falling stocks of the metal. Three-month copper on the London Metal Exchange had climbed 0.6 percent to $5,766 a tonne by 0920 GMT, after touching $5,806, its highest since May 3.

  • TORONTO, June 9- Freeport-McMoRan Inc, the world's largest publicly traded copper miner, is "on a path" to get a new mining deal with Indonesia this year for its giant Grasberg mine, Chief Financial Officer Kathleen Quirk said on Thursday. The Arizona- based company resumed copper concentrate exports from Grasberg, the world's second-biggest copper mine, in April...

  • SYDNEY, June 9- Copper firmed on Friday, helped by supply concerns in Chile and recent data pointing to robust import demand from China, with the Shanghai futures contract hitting a two-week high. A fall in inventories both on the London Metal Exchange and the Shanghai Futures Exchange also helped support prices, traders said. *SHANGHAI: The most-traded copper...

  • MELBOURNE, June 9- Global aluminum maker Alcoa has restarted half the capacity at its aluminum smelter in Australia's Victoria that was crippled by a state-wide blackout six months ago. "Getting to the half way point in our bid to restore the business has been a big task, but what I have seen up to now gives me great confidence in our ability to deliver the plan," Plant...

  • MELBOURNE, June 9- Global aluminium maker Alcoa has restarted half the capacity at its aluminium smelter in Australia's Victoria that was crippled by a state-wide blackout six months ago. "Getting to the half way point in our bid to restore the business has been a big task, but what I have seen up to now gives me great confidence in our ability to deliver the plan,"...

  • MELBOURNE, June 9- Global aluminium maker Alcoa has restarted half the capacity at its aluminium smelter in Australia's Victoria that was crippled by a state-wide blackout six months ago. "Getting to the half way point in our bid to restore the business has been a big task, but what I have seen up to now gives me great confidence in our ability to deliver the plan,"...

  • MELBOURNE, June 9- Global aluminum maker Alcoa has restarted half the capacity at its aluminum smelter in Australia's Victoria that was crippled by a state-wide blackout six months ago. "Getting to the half way point in our bid to restore the business has been a big task, but what I have seen up to now gives me great confidence in our ability to deliver the plan," Plant...

  • SYDNEY, June 9- Copper firmed in early Asian trading, helped by supply concerns in Chile and recent data pointing to robust import demand from China. A fall in inventories both on the London Metal Exchange and the Shanghai Futures Exchange also helped support prices, traders said. *SHANGHAI: The most-traded copper contract on the Shanghai Futures Exchange was up...

  • TORONTO, June 8- Freeport-McMoRan Inc, the world's largest publicly traded copper miner, is "on a path" to get a new mining deal with Indonesia this year for its giant Grasberg mine, Chief Financial Officer Kathleen Quirk said Thursday. The Arizona- based company resumed copper concentrate exports from Grasberg, the world's second-biggest copper mine, in April...