Latest Base metals industry News

Bougainville votes for independence from Papua New Guinea

Dec. 11, 2019 8:23 AM EST

CANBERRA, Australia (AP) — The South Pacific region of Bougainville voted overwhelmingly to become the world’s newest nation by gaining independence from Papua New Guinea, results showed Wednesday. Bougainville Referendum Commission Chairman Bertie Ahern was cheered when he announced that more than...

Court rejects Minnesota's renewal of US Steel mine permit

Dec. 9, 2019 5:06 PM EST

MINNEAPOLIS (AP) — The Minnesota Court of Appeals on Monday reversed a decision by state regulators to renew a wastewater discharge permit for U.S. Steel's giant Minntac iron ore mine in the northeast of the state. The court sent the dispute back to the Minnesota Pollution Control Agency for further...

Mexico may accept US steel trade rule, rejects aluminum

Dec. 9, 2019 10:27 AM EST

Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S. request for 70% regional content on steel could be written into an addendum to the U.S.-Mexico Canada free trade agreement. But Ebrard...

Asian stocks follow Wall Street lower on trade worries

Dec. 4, 2019 12:11 AM EST

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Benchmarks in Tokyo and Hong Kong fell more than 1% while Shanghai and South Korea also retreated. Trump said he has "no deadline" for a...

Court seems ready to curb claims over Montana Superfund site

Dec. 3, 2019 4:34 PM EST

WASHINGTON (AP) — The Supreme Court seemed inclined Tuesday to rule that Montana homeowners who are seeking additional cleanup of arsenic left over from years of copper smelting need the permission of the Environmental Protection Agency. That outcome would be a loss for the homeowners and a win for...

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Dec. 3, 2019 12:12 PM EST

CLEVELAND (AP) — Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s iron ore pellet production with AK Steel’s rolled and stainless steel operations....

Brazil’s Bolsonaro under fire after Trump slaps tariffs

Dec. 2, 2019 4:27 PM EST

SAO PAULO (AP) — Brazilian President Jair Bolsonaro’s U.S.-focused foreign policy efforts suffered a severe setback on Monday when his American counterpart Donald Trump pledged to impose tariffs on steel and aluminum on the South American nation. Trump initially leveled the threat by Twitter while...

Apache man moving ‘home’ to protest copper mine in Arizona

Nov. 27, 2019 5:25 PM EST

FLAGSTAFF, Ariz. (AP) — Wendsler Nosie Sr. is drawn to a mountainous area in central Arizona where he and other Apaches have harvested medicinal plants, held coming-of-age ceremonies and gathered acorns for generations. On Thursday, he’ll start a three-day journey to make a permanent home in the...

Italian premier: ArcelorMittal will negotiate on steel mill

Nov. 23, 2019 9:44 AM EST

ROME (AP) — Italy’s leader said that steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern plant that is one of Europe’s largest steel producers, while union leaders on Saturday clamored for authorities to protect the thousands of jobs at stake....

Minnesota to do state review of proposed copper-nickel mine

Nov. 22, 2019 4:43 PM EST

MINNEAPOLIS (AP) — Minnesota officials announced Friday that the state will conduct its own environmental review of a proposed copper-nickel mine, rather than join the federal government’s environmental assessment of the project that some say will pollute a pristine wilderness area. The Department...