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Materials and Metals Metals and Mining

  • NEW DELHI, May 15- Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. "India would like to use its abundant coal reserves as it provides a cheap source of energy and ensures energy security as well," the...

  • *Guinea has missed iron ore "supercycle," say analysts. *Guinea wants new transport links across country. CONAKRY, May 15- Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.

  • LONDON, May 15- Aluminium prices rose to a one-week high on Monday as the market focused on the potential for output cuts in top producer China and higher oil prices. "We could see a more balanced market in China and lower exports to the rest of the world." SMOG: China has ordered aluminium producers in 28 cities to slash output during winter and outlined plans to curb...

  • LONDON, May 15- Aluminum prices rose to a one-week high on Monday as the market focused on the potential for output cuts in top producer China and higher oil prices. "We could see a more balanced market in China and lower exports to the rest of the world." SMOG: China has ordered aluminum producers in 28 cities to slash output during winter and outlined plans to curb coal...

  • LONDON, May 15- If there were any doubt that the zinc supply chain is tightening, it should be dispelled by this year's benchmark smelter treatment charge. This year's headline fee of $172 per tonne is the lowest in a decade, a firm swing of the negotiating pendulum in favor of miners and a tangible sign that the much-anticipated concentrates crunch has arrived.

  • LONDON, May 15- With London mayor Sadiq Khan and his Parisian counterpart Anne Hidalgo cracking down on vehicle emissions this spring in the global push for clean air, it should be a boom time for platinum which is used in catalytic converters. London and Paris are part of the C40 Cities initiative, which links cities working to improve air quality.

  • LONDON, May 15- Aluminum prices rose to a one-week high on Monday as the market focused on the potential for output cuts in top producer China, expectations of a tighter supplies and higher oil prices. "We could see a more balanced market in China and lower exports to the rest of the world." SMOG: China ordered aluminum producers in 28 cities to slash output during...

  • TORONTO, May 12- Canada's main stock index closed marginally lower on Friday, weighed by alternative lender Home Capital Group Inc after it acknowledged uncertainty about its ability to continue as a going concern, while natural resource stocks lent support. Excavation company Badger Daylighting Ltd ended down 14.3 percent at C $26.20 after reporting...

  • The Pebble Limited Partnership mining company will terminate two lawsuits it had filed against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the owner applied for a development permit. Ronald Thiessen, chief executive...

  • TORONTO, May 12- Canada's main stock index slipped on Friday morning after alternative lender Home Capital Group Inc acknowledged uncertainty about its ability to continue as a going concern. At 10:25 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 9.33 points, or 0.06 percent, to 15,541.22. Diversified miner Teck Resources rose 2.3...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the project owner applied for a development permit. Ronald Thiessen, chief executive officer and...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. Opponents of the mine include environmental groups as well as many native residents who rely on the fish from the Bristol Bay watershed, which EPA has said supports the world's...

  • LONDON, May 12- Copper prices steadied on Friday after hitting a week high in the previous session, with investors taking comfort from moves by top copper consumer China to ease monetary policy in a bid to stimulate growth. "While people were fearing tightening monetary policy in China would reduce growth, it's unlikely the Chinese will really push a hard...

  • LONDON, May 12- The London Metal Exchange is running short of tin. There is, for example, now more tin sitting in warehouses operated by the Shanghai Futures Exchange than in the LME system. Graphic on LME and Shanghai Futures Exchange stocks:.

  • *Dirt-poor Guinea afflicted by the "resource curse". BOKE, Guinea, May 12- When the frustration of youths in this Guinean mining town finally erupted, they looted shops, pillaged government buildings and smashed up dozens of vehicles, dispersing only when police opened fire. They were the latest symptom of the "resource curse," the paradox that nations with plentiful...

  • SYDNEY, May 12- Copper prices remained flat in Asia on Friday as equities headed for a strong end to the week and the short-covering that pulled the contract higher overnight failed to re-emerge. A weakened outlook for copper demand in China, which consumes nearly half the world's requirements, amid soft data on imports and demand growth, weighed on sentiment, the...

  • BRUSSELS, May 12- The European Union has imposed definitive anti-dumping duties on Chinese imports of seamless pipes and tubes of iron or steel to protect its industry from steel overcapacity. In a notice published in the official journal on Friday, the European Commission said it was imposing definitive anti-dumping duties after an investigation on a...

  • SYDNEY, May 12- Copper was flat in Asia on Friday as equities headed for a strong end to the week and the short-covering that pulled the contract higher overnight failed to re-emerge. Weakened outlooks for copper demand in China, which consumes nearly half the world's requirements, amid soft data on imports and demand growth, weighed on sentiment, the trader said.

  • May 12- Gold prices held firm on Friday on political uncertainty in the United States, but were set for their fourth straight weekly loss due to expectations of an interest rate hike by the U.S. *President Donald Trump on Thursday ran into resistance for calling ousted FBI chief James Comey a "showboat." *Finance chiefs from the G7 begin a two-day meeting in Italy on...

  • TORONTO, May 11- Union workers at ArcelorMittal's Mont-Wright iron ore mine in northern Quebec have ratified a new four-year contract with the steelmaker, the world's largest, the United Steelworkers union said on Thursday. The 2,000 members voted on a contract that maintains the pension plan for all employees and provides pay parity for workers at the...