Futures & Commodities Metals

  • Regional Forester Leanne Marten submitted a letter to the Bureau of Land Management endorsing the plan to withdraw 30,000 acres in Montana's Paradise Valley and the Gardiner Basin from new claims for gold, silver, platinum and other minerals, U.S. Forest Service spokeswoman Marna Daley said. The proposal has received bipartisan backing in Montana, with...

  • ST. LOUIS— The St. Louis- based coal company Peabody Energy has agreed to purchase Shoal Creek metallurgical coal mine from Drummond Co. Inc. for $400 million. The Shoal Creek mine is on the Black Warrior River in central Alabama and serves Asian and European steel mills. The Shoal Creek mine was developed in 1994 and employs about 400 people.

  • TORONTO, Sept 21- Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The council includes Adrian Day Asset Management, Apogee Global Advisors,...

  • FRANKFURT, Sept 21- German utility RWE would lose as much as 5 billion euros if it cannot continue mining lignite by removing the last bit of an ancient forest in Germany, its chief executive told public broadcaster ZDF. The company has drawn heavy criticism from environmentalists over the planned clearing of Hambach forest, located in North Rhine-Westphalia,...

  • MELBOURNE, Sept 21- London copper popped to its highest in six weeks on Friday and targeted its biggest weekly advance in 15 weeks as investors expected trade tariffs to have a softer impact on global growth than feared. *SHFE: Shanghai Futures Exchange copper rose above 50,000 yuan for the first time in six weeks and was last up 0.8 percent at 49,820 yuan.

  • *China needs higher grade, less polluting ore as it battles smog. China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies. The push to get contracts for quality ore is gathering pace as China gears up to enforce industrial production limits on...

  • LONDON, Sept 20- Tin has been spared the volatility afflicting the rest of the industrial metals over the past month. The London contract is too illiquid to attract the attention of many of the speculative players who have been hammering the likes of copper as a proxy for their negative view on global manufacturing growth. The London Metal Exchange three-month...

  • BOGOTA, Colombia— Colombia's military says a holdout rebel faction has attacked a mining camp run by Toronto- based Continental Gold Inc. and killed three of its workers. The attack occurred in Yarumal, a mountainous area of Antioquia Province, where Continental Gold is conducting exploration work. Earlier this month a Continental Gold employee was killed in...

  • Sept 20- Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. The incident took place in the village of Ochali in the municipality of Yaramul, Antioquia, which is located within the boundaries of Continental's Berlin project, the company said in a statement.

  • CAPE TOWN, Sept 20- South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on Thursday. Communications Minister Nomvula Mokonyane said more details about the charter would be announced on Friday by President...

  • LONDON, Sept 20- Tin has been spared the volatility afflicting the rest of the industrial metals over the past month. The London contract is too illiquid to attract the attention of many of the speculative players who have been hammering the likes of copper as a proxy for their negative view on global manufacturing growth. The London Metal Exchange three-month...

  • MELBOURNE, Sept 20- London zinc rose for a fourth session on Thursday on the back of relief that the latest tariffs in the Sino-U.S. trade conflict were set at lower levels than some had feared and supported by a shortage of the metal in top consumer China. *SHANGHAI COPPER: Shanghai Futures Exchange copper also eased by 0.3 percent to 49,340 yuan a tonne while SHFE...

  • DALIAN, China, Sept 20- China's steel demand will remain firm despite the country's escalating trade war with the United States, and any efforts by Washington to "sabotage" the Chinese economy will not succeed, the head of China's steel association said. China on Tuesday imposed fresh tariffs on $60 billion worth of U.S. imports, retaliating soon after the Trump...

  • DALIAN, China, Sept 20- Volumes at China's biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmkaing raw material pushed up as steel output has been strong despite pollution-linked curbs, its president said. Despite production restrictions in many cities including top-producer Tangshan, China's overall...

  • NEW YORK/ LONDON, Sept 19- Gold rose on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the U.S.- China trade war on the U.S. economy, luring some buyers back into precious metals investments. The U.S. dollar edged lower against the euro and fell to the lowest level in nearly three weeks against the risk-sensitive...

  • MOSCOW, Sept 19- The start of aluminum production at Russia's Taishet aluminum smelter, a project of sanctions-hit Rusal, has been postponed until after 2020, Russia's economy ministry said in materials prepared for a government meeting. Rusal, the world's No.2 aluminum producer after China's Hongqiao, declined comment. The United States imposed sanctions...

  • LONDON, Sept 19- Copper jumped to its highest in three weeks on Wednesday, boosted by a weaker dollar after a new round of U.S.- China trade tariffs were not as high as previously expected. China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for U.S. tariffs on $200 billion worth of Chinese goods. Base metals prices have slid this year,...

  • LONDON, Sept 19- Shale gas developer Cuadrilla will start fracking at its Preston New Road site in northwest England in the next few weeks, it said on Wednesday, as it announced government approval for a second well. The British Geological Survey estimates shale gas resources in northern England alone could amount to 1,300 trillion cubic feet of gas, 10 percent of...

  • BEIJING, Sept 19- Shanghai copper prices rose sharply in early trade on Wednesday, tracking a jump in London in the previous session and hitting a one-month high as investors shrugged off an escalation of the U.S.- China trade row. China responded to the latest U.S. tariffs on $200 billion of Chinese goods with tariffs on about $60 billion worth of U.S. goods, as...

  • LONDON, Sept 18- Nickel has finally succumbed to the base metals price rout. But the "electric premium" in the price has been crushed by the broader market concerns about the escalating trade stand-off between the United States and China. Nickel was on a roll in the first half of this year, up 25 percent in early June, when it was trading above $15,000 per tonne.