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China January Inflation Decreases to 0.8%

Feb 10, 2015

China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday. Food prices, which account for nearly ...

Tags: consumer price index, CPI

Peru's Billionaire Brescia Family Paid About $400 Million to Buy The World's Largest Tin

Apr 3, 2014

As metal prices plunged on the eve of the financial crisis in September 2008, Peru's billionaire Brescia family paid about $400 million to buy the world's largest tin deposit in the Amazon jungle. Now their mining company Minsur SA sits ...

Tags: Tin, metal, Metallurgy, Mineral

LME May Become The First International Exchange House to Establish Commodities Warehouses

Oct 18, 2013

The London Metal Exchange (LME) may become the first international exchange house to establish commodities warehouses in the China (Shanghai) Pilot Free Trade Zone (FTZ), accroding to Xinhua News Agency. It's reported that copper and ...

Tags: LME, Metallurgy, Mineral, Energy

Leeco Steel Opened a New Facility in Hamilton

Apr 1, 2013

Lisle, Illinois-based Leeco Steel, a part of the O'Neal Industrial Metals Group, has opened a new facility in Hamilton, Ontario that will begin shipping steel plate this month. Leeco Steel is a global supplier of carbon, HSLA heat-treated ...

Tags: Steel, Metallurgy, Mineral, Energy

Esmark Announced That They Consummated a Sale and Licensing Agreement

Jan 22, 2013

On Monday, Esmark Inc., Stahlschmidt Incorporated and Bouchard Group, L.L.C. jointly announced that they have consummated a sale and licensing agreement whereby Stahlschmidt and Bouchard Group have jointly acquired Esmark Technologies from ...

Tags: Esmark, Bouchard Group, construction, company news

Cold-Call Phone Scams Have Switched From Traditional Sales Staples

Jan 7, 2013

Cold-call phone scams have switched from traditional sales staples, such as unlisted shares in obscure companies, to novel new get-rich investment options such as land, wine, and lumps of rare earth metals. The Independent reports that ...

Tags: rare earth metals, rare earth, rare earth elements, UK investors

London Copper Rose More Than 2% on Wednesday

Jan 6, 2013

London copper rose more than 2% on Wednesday, headed for its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper ...

Tags: London, copper, copper consumption, metal induatry

Copper Fell by The Most in Two Weeks

Jan 5, 2013

Bloomberg reported that copper fell by the most in two weeks,paring a weekly gain,as industrial metals dropped after US Federal Reserve policy makers said they will probably end their USD 85 billion monthly bond purchase program sometime ...

Tags: Bloomberg, copper, US Federal Reserve

London Copper Firmed After Data Showed China's Manufacturers Built on a Recovery

Dec 28, 2012

Reuters reported that London copper firmed after data showed China's manufacturers built on a recovery this month, driving a fifth straight week of gains but a lack of resolution to the US fiscal cliff kept a lid on prices. Growth in ...

Tags: London, copper, China, manufacturers

Exports From The GCC Countries to China Rose to USD 7.1 Billion

Dec 27, 2012

Trade Arabia News Service reported that exports from the GCC countries to China rose to USD 7.1 billion in October from a yearly low of USD 4.9 billion in August, marking a 45.6% increase in just Q1. Growth expectations in the Chinese ...

Tags: exports, GCC countrie, China, Chinese economy

Japan Is Set to Commence Imports of Rare Earth Metals for India

Dec 26, 2012

Japan is set to commence imports of rare earth metals for India in order to hedge against worsening relations with chief supplier China. The Asahi Shimbun reports that Japan is expected to announce the start of imports from India during a ...

Tags: India, Japan, Rare Earth, Metallurgy

Reuters Planed to Find a Fix to a Looming Fiscal Cliff

Dec 21, 2012

Reuters reported that London copper slipped bruised by the struggles of US lawmakers to find a fix to a looming fiscal cliff and on a rebound in the dollar after it tumbled following the Federal Reserve's extension of loose monetary policy. ...

Tags: copper, metals, Metal Exchange, metals demand

London Copper Hit Its Highest in Almost Two Months on Monday After Data

Dec 18, 2012

Reuters reported that London copper hit its highest in almost two months on Monday after data showed China's factory output growth accelerated to eight month highs in November but lingering worries that the euro zone may return to recession ...

Tags: Copper, industrial metals, gains

MMX Led The Brazilian Bovespa Index After Saying It Will Sell BRL 1.37 Billion

Dec 14, 2012

Bloomberg reported that MMX Mineracao & Metalicos SA, the mining company controlled by billionaire Mr Eike Batista, led the Brazilian Bovespa index after saying it will sell BRL 1.37 billion of new shares, reducing funding concerns for its ...

Tags: iron ore price news, gold shares, stock market prices, stock and shares

B&T Steel Will Upgrade The Company's Two Light and Heavy Gauge Cut to Length Lines

Dec 14, 2012

The investment at B&T Steel a unit of Mississauga based Russel Metals Inc, will upgrade the company's two light and heavy gauge cut to length lines with new equipment to stretch and level coiled steel to suit customers' demands. The new ...

Tags: buy steel pipe, steel beam, steel plate, steel strip

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