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Materials and Metals Metals and Mining

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid. Glencore offered $2.55 billion cash this month for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal, which is...

  • But monetary tightening in China has stoked worries about the appetite for industrial metals in its biggest market. Monetary tightening in China is still taking place. " *ZINC: Benchmark zinc on the London Metal Exchange closed 0.04 percent down at $2,555 a tonne, retreating from an intraday peak of $2,581.50, the highest since June 1.

  • LONDON, June 20- Global output of steel, a gauge of economic health, jumped 2 percent in May, retreating from the 5 percent surge in April as demand for the alloy tapers off, industry data showed on Tuesday. Output in China, which accounts for half of global steel production and a quarter of global steel exports, rose 1.8 percent to 72.3 million tonnes, said Worldsteel,...

  • SAO PAULO, June 20- Latin American currencies and stocks dropped on Tuesday as falling prices of commodities from crude oil to iron ore curbed demand for assets from exporters of basic products. News of increased supply by several key oil producers hammered crude futures to a seven-month low, extending a trend that has undermined attempts by OPEC and others to...

  • But monetary tightening in China has stoked worries about the appetite for industrial metals in its biggest market. Monetary tightening in China is still taking place. " *ZINC: Benchmark zinc on the London Metal Exchange was down 0.4 percent at $2,547 a tonne at 1411 GMT, retreating from an intraday peak of $2,581.50, the highest since June 1.

  • PARIS/ VOREPPE, France, June 20- All-metal planes are a thing of the past, but evolving aluminium-based materials remain in the race with composites to supply the next generation of jets, according to aluminium maker Constellium. This has left aerospace demand for aluminium trailing behind booming use of the metal in the car industry, where aluminium supplied by...

  • PARIS/ VOREPPE, France, June 20- All-metal planes are a thing of the past, but evolving aluminum-based materials remain in the race with composites to supply the next generation of jets, according to aluminum maker Constellium. This has left aerospace demand for aluminum trailing behind booming use of the metal in the car industry, where aluminum supplied by the...

  • SYDNEY/ LONDON, June 20- Rio Tinto selected Yancoal on Tuesday to buy its Coal& Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore which had put in a higher bid. Earlier this month, Glencore offered $2.55 billion cash for Rio's coal mines in the Hunter Valley region of New South Wales, beating a previous offer from Yancoal,...

  • A steady drumbeat of news has encouraged bulls recently, including news of a market deficit, an expected strike in major producer Peru and declining inventories. *ZINC: Benchmark zinc on the London Metal Exchange was up 0.6 percent at $2,571 a tonne by 1040 GMT after touching $2,581.50, the highest since June 1. A planned nation-wide mining strike in Peru due to...

  • *China has not been major tin exporter for nearly a decade. BEIJING/ MELBOURNE, June 20- China's Yunnan Tin Co Ltd, the world's biggest tin producer, says it has received government approval for so-called "processing trade," churning out refined metal for export using concentrate shipped in from abroad. The step comes after China, the world's biggest user and...

  • MELBOURNE, June 20- London copper traded little changed on Tuesday, supported by upbeat sentiment over the global economy after confidence at Japanese manufacturers rebounded, but prices were capped by a stronger dollar. *INFRASTRUCTURE: State-owned China Railway Group has signed a $2.5 billion memorandum of understanding with Russia to build a high-speed...

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of stronger demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years...

  • *Falling car sales in China, U.S. to undermine palladium. NEW YORK/ LONDON, June 19- Gold fell to a near five-week low on Monday as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses. moving average to $1,244.27, its lowest since...

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of stronger demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years...

  • linger@ SAO PAULO, June 19- Brazilian stocks rose on Monday, supported by shares of miners and planemaker Embraer SA, though lingering concerns that a political crisis could delay structural reforms kept a lid on gains. Shares of miner Vale SA added the most points to Brazil's benchmark Bovespa stock index, tracking iron ore futures higher. Still, concerns...

  • *China's steel product exports: http://tmsnrt.rs/2rMrdIc. *China's real estate investment: http://tmsnrt.rs/2tjvwN8. LONDON, June 19- China's exports of steel product have fallen sharply over the first few months of this year.

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of higher demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years due...

  • She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years due to mine closures. HOME PRICES: Home prices leveled off in China's biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a series of government...

  • *falling car sales in China, U.S. to undermine palladium. LONDON, June 19- Gold hit four-week lows on Monday as the dollar held firm and the market waited for comments from a top Federal Reserve official on U.S. monetary policy, but prices were supported by the start of talks on the terms of Britain's departure from the European Union. "The dollar is a large part of what's...

  • JAKARTA, June 19- About a dozen newly constructed nickel smelters in Indonesia have stopped operations due to a plunge in nickel prices while others are operating at a loss, an industry association executive said on Monday. There are 12 other nickel smelters in Indonesia which have been able to carry on producing, but they have suffered from losses, Handojo added.