×

Materials and Metals Metals and Mining

  • MOSCOW, April 18- En+ Group, which manages Russian tycoon Oleg Deripaska's aluminum and hydro power businesses, reported 2016 adjusted core earnings of $2.3 billion on Tuesday, in its first public disclosure of financial results in two years. "These results reflect positive trends which we have seen continuing into 2017, notably stronger aluminum pricing and...

  • SHANGHAI, April 18- China's main stock indexes fell for the third session in a row on Tuesday amid worries over increasing regulation and the sustainability of the country's economic growth. Developer China Fortune Land, cement maker Tangshan Jidong Cement and steelmaker Hesteel have retreated around 20 percent from recent highs. "Quite a few people believe...

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • BEIJING, April 18- A recovery in China's industrial sector, which accounts for about one-third of the economy, drove China's better-than-expected first quarter economic growth as export orders picked up and steel output hit a record. Data on Tuesday from the National Bureau of Statistics showed the industrial sector grew 6.5 percent in the first quarter from...

  • A worker loads an aluminum coil onto a loading dock at the Arconic Inc. manufacturing facility in Alcoa, Tennessee

    Investors believe new leadership will help Arconic capitalize its cost-cutting, says Jorge Beristain.

  • NEW YORK, April 17- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, according to a federal court filing. Monroe Energy inked a three-year contract with BP in August 2014 to supply the company's 185,000 barrel-per-day refinery outside Philadelphia with crude oil from the Eagle Ford or Bakken shale fields, according...

  • NEW YORK, April 17- U.S. shale production in May was set for its biggest monthly increase in more than two years, government data showed on Monday, as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel. May output is set to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information...

  • By Kevin Yao and Yawen Chen. BEIJING, April 17- China's economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for China, and worry Beijing is still relying...

  • *GDP grows fastest in 6 quarters on factory output, retail sales. BEIJING, April 17- China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for...

  • *GDP grows fastest in 6 quarters on factory output, retail sales. BEIJING, April 17- China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. But most analysts say the first quarter may be as good as it gets for...

  • BEIJING, April 17- China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beijing tries to rein in excess capacity in the bloated sector and demand remains flat. March's monthly total easily beat the previous record of 70.65 million tonnes hit in March 2016, data from the...

  • BEIJING, April 17- China's coal output rose 1.9 percent in March compared with the same month a year earlier, its first year-on-year gain in at least two years, suggesting miners are ramping up production to take advantage of rising prices. "Coal production will grow faster in following months as policy makers put a strong emphasis on securing supplies," said Zhang...

  • BEIJING, April 17- China's economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that is showing signs of overheating. The strong reading should help underpin wobbly global financial markets but adds to worries that China's...

  • BEIJING, April 17- China's coal output rose 1.9 percent in March from a year earlier to 300 million tonnes, posting the first increase since at least March 2015, the National Bureau of Statistics said on Monday.

  • SYDNEY, April 14- Shanghai copper edged up on Friday but was still mired near its weakest for the year as mounting geopolitical tensions curbed appetite for risk, while London markets were closed for the Easter holiday. *SHFE COPPER: Shanghai Futures Exchange copper had risen 0.5 percent to 46,290 yuan a tonne by 0114 GMT. *NORTH KOREA TENSIONS: Military force...

  • SHANGHAI, April 14- China aims to create 10 "mega" coal producers by the end of the decade as part of its drive to consolidate the industry and tackle overcapacity, the official China Daily reported on Friday, citing an energy official. Wang Xiaolin, deputy director of the National Energy Administration, said China was preparing guidelines to create 10 new industry...

  • MOSCOW, April 13- Russia, the world's third biggest gold producer, plans to launch a number of new production sites as it aims to grow in gold output. Below are some gold projects, expected to be started in Russia in coming years. Polyus Natalka H2 2017 c.14.

  • *Russia is the world's third biggest gold producer. UST-NERA, Yakutia, Russia, April 13- In winter it gets so cold that metal snaps. As alluvial deposits disappear in other areas, producers are opening mines to help Russia keep its place as the world's third biggest gold producer after China and Australia and ahead of the United States in fourth place.

  • LONDON, April 13- Copper rebounded from its lowest in three months on Thursday, helped by a weaker dollar and upbeat trade data from China, the largest consumer of the metal, that spurred hopes for higher demand. "The China data definitely shows a recovery from recent lows, so its not surprising to see prices higher," said Eugene Weinberg, head of commodities research...

  • MELBOURNE, April 13- London copper rose from its lowest in three months on Thursday after upbeat China trade data for March, and as traders closed positions ahead of the long Easter holiday weekend. *LME COPPER: London Metal Exchange copper rose 1.5 percent to $5,712 a tonne by 0534 GMT, paring losses from the previous session when prices fell more than 2 percent to...