Sunday, October 20

Tag: Primary Metals

Impala Platinum Says 11 People Died in Shaft Incident
28Nov By adminNo Comments
World

Impala Platinum Says 11 People Died in Shaft Incident

Impala Platinum Holdings said 11 employees died in a shaft incident at its Rustenburg operations in South Africa, with 75 hospitalized, in the worst mining accident for a South African company in 14 years.The precious-metals mining company said Tuesday that the rescue operation is complete and all 86 employees are accounted for.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Regulators to Step Up Oversight of Iron-Ore Market
23Nov By adminNo Comments
World

China Regulators to Step Up Oversight of Iron-Ore Market

Nov. 22, 2023 11:28 pm ETChinese regulators pledged to step up oversight of the nation’s iron-ore market and warned traders not to speculate or hype price increases.The joint statement from regulators Thursday came in response to recent sharp rallies in iron ore prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Basic Materials Roundup: Market Talk
22Nov By adminNo Comments
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Basic Materials Roundup: Market Talk

Updated Nov. 22, 2023 4:55 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1006 ET – The U.K. risks falling behind the EU and exposing itself to high-emission steel exports by failing to confirm a carbon border policy in its latest budget statement, industry chiefs say. While the EU is implementing its own so-called carbon border adjustment mechanism by 2026, the absence of a similar move by the U.K. could mean high-emission steel currently exported to the EU will be diverted to the U.K., industry trade body UK Steel says. “It’s disappointing that the Chancellor didn’t use his Autumn Statement to announce a U.K. CBAM and a timetable to implement it by 2026,” UK Steel Director General, Gareth Stace, write...
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Health Care Roundup: Market Talk
20Nov By adminNo Comments
World

Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0833 GMT – Hong Kong shares closed higher, led by tech and consumer stocks amid overall positive sentiment. China kept its benchmark lending rates steady as expected, which may stabilize the mainland and Hong Kong stock markets. Almost all sectors gained, with the technology and consumer sectors leading gains. JD Health International rose 5.4% and Tencent Holdings gained 3.6%. Haidilao International was up 5.3% and China Mengniu Dairy advanced 4.3%. China Hongqiao Group led losses, dropping 0.3%, and Sino Biopharmaceutical was down0.3%. The benchmark Hang Seng Index closed 1.9% higher at 17778.07 and the Hang Seng Tech Index was up 2.45%. (jiahui.huang@ws...
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BHP Iron-Ore Train Drivers Plan Industrial Action From Friday
20Nov By adminNo Comments
World

BHP Iron-Ore Train Drivers Plan Industrial Action From Friday

Train drivers at BHP Group’s Australian iron-ore operations intend to begin industrial action on Friday in a dispute over working conditions that risks disrupting supplies of the steel ingredient from the world’s top producing region.The drivers have backed a range of measures that will start with bans on use of the company’s mobile rostering app, a step that will stop managers from being able to change drivers’ rosters without contacting them directly, a union representing the workers said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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BHP CEO Says Jury’s Out on China Recovery, But Commodity Demand Robust
1Nov By adminNo Comments
World

BHP CEO Says Jury’s Out on China Recovery, But Commodity Demand Robust

ADELAIDE, Australia—The chief executive of mining giant BHP Group took a cautious tone on China as latest data stoked concerns about the fragility of the economic recovery there, but said demand for commodities including iron ore and copper is robust.“There have been some green shoots over the past couple of months, but also some things that clearly aren’t progressing as quickly as some would hope for,” Mike Henry told reporters Wednesday, referring to China’s economy. “So the jury is still out a little bit in terms of how quickly things recover.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Fortescue First-Quarter Shipments Down, Costs Up
25Oct By adminNo Comments
World

Fortescue First-Quarter Shipments Down, Costs Up

Updated Oct. 25, 2023 7:46 pm ETFortescue Metals Group on Thursday said first-quarter iron-ore shipments fell by 6% on-quarter and costs rose.The world’s fourth-largest iron ore producer reported shipments of 45.9 million metric tons for the three months through September, down from 48.9 million tons the quarter immediately prior. Shipments totaled 47.5 million tons in the year-earlier period.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto & Transport Roundup: Market Talk
24Oct By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0355 GMT – Asia Aviation faces headwinds from rising jet fuel prices, intensifying competition and financial constraints, Thanachart Securities analyst Saksid Phadthananarak says in a research report. The brokerage lowers the stock’s target to THB1.80 from THB2.40 and maintains its sell rating. Airline operators like Asia Aviation are grappling with higher jet fuel prices, which have risen to US$111/bbl versus the average of US$103/bbl so far this year, and stronger competition as rivals ramp up passenger capacity, the analyst says. The Thailand-listed company’s funding sources for its THB2.5 billion and THB3 billion debt repayments due in 2024 and...
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Israel-Hamas War Revives Interest in U.S. Production of Iron Dome Missiles
23Oct By adminNo Comments
World

Israel-Hamas War Revives Interest in U.S. Production of Iron Dome Missiles

Oct. 22, 2023 11:24 pm ETIsrael’s war with Hamas has revived dormant U.S. interest in producing munitions for Israel’s Iron Dome missile defense system, U.S. Army and industry officials said, a development that would help a U.S. regional ally resupply for future conflicts.Any U.S. manufacturer of Tamir interceptors would take months to get moving. But with Hamas and Hezbollah firing hundreds of rockets at Israeli military sites and cities every day, Israel’s stockpile of interceptor missiles is dwindling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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