Latest Base metals industry News

The Latest: Detroit board OKs money for hydration stations

Oct. 9, 2018 2:08 PM EDT

DETROIT (AP) — The Latest on unsafe levels of lead and copper found in drinking fountains and water fixtures in Detroit schools (all times local): 2:05 p.m. The Detroit Public Schools Community District school board has approved spending of about $3 million on hydration stations and related expenditure...

9 people killed in fiery blast at central India steel plant

Oct. 9, 2018 7:34 AM EDT

NEW DELHI (AP) — Nine people have died in a fiery explosion at a steel plant in central India. The state-owned Steel Authority of India Limited says in a statement that Tuesday morning's explosion at the SAIL Bhilai Steel Plant was sparked by a fire in a gas pipeline in a coke oven battery complex during...

Manufacturer to invest $6.4m in Tennessee, create 80 jobs

Oct. 6, 2018 12:52 PM EDT

LAWRENCEBURG, Tenn. (AP) — A Canadian company has announced that it will set up its first U.S. manufacturing facility in Tennessee, an investment of $6.4 million expected to create 80 jobs. State economic development officials and Craig Manufacturing Ltd. announced plans Friday for a new Lawrenceburg...

British mining venture signs exploration deal in Afghanistan

Oct. 5, 2018 6:45 PM EDT

WASHINGTON (AP) — A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country. Centar Ltd. said it hopes to begin exploration in two sites next year and would within a year become one of the largest...

Asian shares turn lower after strong day on Wall Street

Oct. 4, 2018 12:06 AM EDT

BANGKOK (AP) — Shares fell Thursday in Asia despite a strong day on Wall Street that was spurred by encouraging signs on U.S. hiring and growth in the service sector. KEEPING SCORE: Hong Kong's Hang Seng index sank 1.8 percent to 26,612.23 and Japan's Nikkei 225 index lost 0.7 percent to 23,941.51. The...

Germany's Thyssenkrupp to split into 2 separate companies

Sep. 27, 2018 10:48 AM EDT

BERLIN (AP) — German steel company and industrial equipment maker Thyssenkrupp says it plans to split into two firms in a setup that it says will be "much more focused and efficient." Thursday's announcement followed long-running speculation about the company's future. A statement Thursday said management...

AP FACT CHECK: Trump wrong on judges, 'plummeting' poverty

Sep. 24, 2018 1:26 AM EDT

WASHINGTON (AP) — As the midterm elections draw near, President Donald Trump's tendency to declare his campaign promises fulfilled when they aren't has come into starker relief. He insists poverty in the U.S. is "plummeting," even though the number of poor people has barely declined under his watch and...

AP FACT CHECK: Trump's errant claims on Kavanaugh, economy

Sep. 22, 2018 10:14 AM EDT

WASHINGTON (AP) — Juggling a suddenly hot-potato Supreme Court nomination and midterm-election jousting, President Donald Trump flubbed facts across a broad front over the past week. His comments about nominee Brett Kavanaugh's accuser betrayed a misunderstanding of how the process works. His claim to be...

Peabody to purchase Shoal Creek coal mine in Alabama

Sep. 21, 2018 11:06 AM EDT

ST. LOUIS (AP) — The St. Louis-based coal company Peabody Energy has agreed to purchase Shoal Creek metallurgical coal mine from Drummond Co. Inc. for $400 million. Peabody said Friday that the transaction is expected to close by the end of the year. The Shoal Creek mine is on the Black Warrior River in...

As midterms near, Trump gambles on his hardline trade policy

Sep. 17, 2018 4:37 PM EDT

WASHINGTON (AP) — Farmers worry about falling crop prices and lost sales overseas. Manufacturers fear rising costs and new foreign taxes on their exports. American allies overseas are furious. By any conventional gauge, President Donald Trump's uncompromising stance toward tariffs and the pain they've...