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Materials and Metals Metals and Mining

  • 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...

  • Commerce Secretary Wilbur Ross said on Thursday that a national security review of the U.S. steel industry will be completed "very shortly" and will seek to protect the interests of both domestic steel producers and consumers. Ross told a Senate Appropriations subcommittee hearing that he believes there is "a genuine national security issue that must be...

  • CALGARY, Alberta, June 8- The Canadian government is inviting Chinese investment in its oil sands sector, Canada Natural Resources Minister Jim Carr said on Thursday, following a torrid six months in which $22.5 billion in foreign capital fled the embattled sector. The vast oil sands deposits in northern Alberta are home to the world's third-largest crude...

  • LONDON, June 8- What's up with zinc? London Metal Exchange zinc was trading just shy of $3,000 per tonne as recently as late February. At one stage on Wednesday it hit a seven-month low of $2,427.50 and has since staged only a half-hearted recovery to $2,480.00.

  • CALGARY, Alberta, June 8- Canada believes there are opportunities for Chinese investment in the Alberta oil sands, Canadian Natural Resources Minister Jim Carr said on Thursday, adding the government would welcome investment in the sector from any nation. The vast oil sands deposits in northern Alberta are home to the world's third-largest crude reserves but...

  • LONDON, June 8- Copper rose on Thursday, continuing this week's recovery from its lowest level in nearly three weeks as better than expected Chinese economic data allayed some concerns about oversupply. China reported stronger than expected exports and imports for May despite falling commodity prices, suggesting that the economy is holding up better than...

  • MELBOURNE, June 8- London copper rose to a one-week high on Tuesday after China trade improved in May which alleviated concerns over the health of the world's second-biggest economy. China's unwrought copper arrivals also jumped from a month earlier, making up for a drop in concentrate imports that had been impacted by supply disruptions in Indonesia and...

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...