Latest Base metals industry News

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...

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...