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Materials and Metals Metals and Mining

  • WASHINGTON, March 30- The Department of Commerce made a final finding that seven foreign producers dumped certain carbon and alloy steel cut-to-length plate in the U.S. market, allowing it to impose duties ranging from 3.62 percent to 148 percent, Commerce Secretary Wilbur Ross said on Thursday. The determinations of dumping, or selling a product below its fair...

  • MELBOURNE, March 30- London copper slipped on Thursday in low-volume trade as the dollar held gains on brighter economic signals from the United States and traders waited for further U.S. and China economic cues for direction. *CHINA: China's economy, the world's second largest, will likely expand 6.8 percent in the first quarter of 2017, the official Xinhua...

  • SAN SALVADOR, March 29- El Salvador's Congress on Wednesday approved a law prohibiting all metal mining projects in a bid to protect the poor Central American country's environment and natural resources. In October, El Salvador won an arbitration at the World Bank's International Centre for Settlement of Investment Disputes against the...

  • WASHINGTON, March 29- A Native American tribe in Montana and a coalition of conservation groups sued the Trump administration on Wednesday for lifting a moratorium on coal leases on public land without consulting tribal leaders and conducting a full environmental review. "It is alarming and unacceptable for the United States, which has a solemn obligation as...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling, coal mining and renewable energy production on federal lands to ensure taxpayers receive their full value. In January 2016, the administration of former Democratic President Barack Obama began a...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. In January 2016, the administration of former Democratic President Barack Obama began a multiyear review of the federal...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. In January 2016, the administration of former Democratic President Barack Obama began a multiyear review of the federal...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. Interior Secretary Ryan Zinke said the committee would advise him on whether the government is getting a fair price from...

  • LONDON, March 29- Aluminium hit its highest level in nearly two years on Wednesday, supported by optimism that China would carry out plans to cut supply and by a rebound in the oil price. "As long as China follows through with this and takes its environmental concerns seriously, there is potential for aluminium to perform quite well," Nitesh Shah, a commodities...

  • *OECD figures show Iran a rising steel power. LONDON/ FRANKFURT, March 29- The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. Any decision not to impose duties on...

  • LONDON, March 29- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant U.S., Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said. U.S. shale oil production using fracking technology has turned the world's largest oil consumer into an exporter of crude and products,...

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • Three-month copper on the London Metal Exchange was flat at $5,873 a tonne by 1025 GMT, after hitting $5,927.50, its highest since March 20. *CHINA MANUFACTURING: Activity in China's vast manufacturing sector likely grew for an eighth straight month in March as a surprise rebound in the property market added to a construction boom, boosting sales of building...

  • MELBOURNE, March 29- London copper climbed to its highest in more than a week on Wednesday, buoyed by brighter data from the United States and expectations of seasonally improving second-quarter demand. *SHFE: Shanghai Futures Exchange copper was up 2.6 percent at 47,530 yuan a tonne. *CHINA MANUFACTURING: Activity in China's vast manufacturing sector likely...

  • *North Asia demand strong as Asia/Pacific output stalls. *North Asia sucks in coal from as far away as U.S., Colombia. SINGAPORE, March 29- Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices.

  • MELBOURNE, March 29- London copper held steady near its highest in more than a week on Wednesday, buoyed by brighter data from the United STates, and expectations of seasonally improving second-quarter demand. "Sentiment was also boosted by secondary economic data in China that showed March activity was strong. *CHINA MANUFACTURING: China said on Tuesday it...

  • MELBOURNE, March 29- London copper held steady near its highest in more than a week on Wednesday, underpinned by expectations of seasonally improving second-quarter demand. *LME COPPER: Three-month copper on the London Metal Exchange was flat at $5,873 a tonne by 0127 GMT, holding 2 percent gains from the previous session when prices struck the highest since...

  • "You know our nation can't run on pixie dust and hope, and the last eight years showed that," Interior Secretary Ryan Zinke said before Trump signed the executive order on a stage at the Environmental Protection Agency lined with coal miners. "These initiatives prevent things from getting worse for coal, but they won't help much," said Charles Dayton, vice president...

  • "You know our nation can't run on pixie dust and hope, and the last eight years showed that," Interior Secretary Ryan Zinke said before Trump signed the executive order on a stage at the Environmental Protection Agency lined with coal miners. "These initiatives prevent things from getting worse for coal, but they won't help much," said Charles Dayton, vice president...

  • VANCOUVER, March 28- More partnership deals are likely in the gold industry as miners start investing in new projects again but are keen to lower the risk, analysts said after Goldcorp Inc and Barrick Gold Corp's announced a 50-50 joint venture in Chile. As part of a complex series of transactions costing Goldcorp about $445 million up front, the Vancouver- based...