Latest Base metals industry News

Judge orders search of agency computers in PolyMet challenge

Nov. 19, 2019 5:11 PM EST

MINNEAPOLIS (AP) — A judge on Tuesday ordered a forensic search of computers used by three former top officials at the Minnesota Pollution Control Agency as part of an investigation into whether they sought to suppress concerns by federal regulators about pollution risks from the proposed PolyMet...

Mine waste gift bags pulled from shelves amid EPA warning

Nov. 18, 2019 6:53 PM EST

HELENA, Mont. (AP) — Environmental regulators have put a halt to a Montana business association’s sale of sandwich bags of mining waste advertised as a “Bag O’Slag.” Environmental Protection Agency officials overseeing the Superfund site cleanup of pollution from nearly a...

Chinese buyer of British Steel looks to grow abroad

Nov. 13, 2019 6:03 AM EST

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries from...

McConnell: Bevin 'had a good 4 years,' but likely lost

Nov. 11, 2019 2:38 PM EST

GHENT, Ky. (AP) — Senate Majority Leader Mitch McConnell says Kentucky Gov. Matt Bevin "had a good four years," but he says a review of Bevin's narrow reelection defeat is unlikely to change the outcome. Bevin trailed Democrat Andy Beshear by about 5,000 votes in the Nov. 5 election. A re-canvass of votes...

China's Jingye comes to the rescue of British Steel

Nov. 11, 2019 11:14 AM EST

LONDON (AP) — Chinese conglomerate Jingye has agreed to buy British Steel, in a rescue deal that potentially protects some 4,000 jobs and safeguards a strategic asset as Britain prepares to leave the European Union. Exact financial terms were not immediately disclosed Monday, and it was not clear what...

Italy presses steelmaker to agree deal on plant, save jobs

Nov. 7, 2019 2:05 PM EST

ROME (AP) — Italy has given steel maker ArcelorMittal a few days to agree to a plan to keep operating a major southern Italian steel plant, where the company says legal challenges and a "climate of hostility" will hinder its business plans. Political pressure was building Thursday both within Italy's...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:53 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:40 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Why Trump tariffs haven't revitalized American steelmakers

Nov. 4, 2019 12:20 PM EST

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers that depend on steel. But at least it would benefit U.S. steel companies and the Americans...

Zambia's founding leader protests mining project in park

Oct. 31, 2019 11:12 AM EDT

LUSAKA, Zambia (AP) — Zambia's founding president Kenneth Kaunda has issued a rare public plea to protest the construction of a major copper mine in a national park on the Zambezi River. The 95-year-old Kaunda says the mine planned for Lower Zambezi National Park "poses the biggest threat in history to the...