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Metals Industry News
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Metals Industry News
Met Coal Market Will Make A Turnaround In Long Term, But Early 2015 To Remain Challenging
Met coal market fundamentals have been adversely affected by weak economic conditions and a strong U.S. Dollar, which have resulted in excess met coal supply. As the met coal market remains oversupplied, met coal prices have been adversely affected; recently, the 2Q'15 met coal benchmark price settled at a new six-year low of $109.5 per ton.

Rio's Walsh Says Oyu Tolgoi Talks Down to Deal Breaker Issues
Rio Tinto Group, the world's second-largest mining company, is locked in talks with Mongolia over developing the second stage of the Oyu Tolgoi copper and gold mine, saying only a few matters remain on the table. "We are down to a few issues and these issues are deal breaker type issues," Chief Executive Officer Sam Walsh said Saturday in an interview in Ulaanbaatar.

3 Value Stocks Wall Street Is Missing
"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."

Dusan Hanak's successful film released on DVD in the UK
WITHIN THE series of Slovak films appearing on DVD in the United Kingdom for English-speaking audiences, the third movie is internationally successful Pictures of the Old World by DuA an HanA k. The film from 1972 was soon shelved and screened internationally at many festivals only after 17 years.

Company news: National Tractor Trailer School announces new graduates
Gregg Tomasino , of Syracuse, works for Werner Enterprises; Christopher Phillips , of Fulton, works for Swift Transportation; Norgery Lee , of Syracuse, works for A. Duie Pyle, Inc.; William Baum , of Central Square, works for Western Express, Inc.; Dylan Mattes , of North Syracuse, works for Werner Enterprises. Also, Thomas Pigula , of Clay, works for Swift Transportation; Bradley Boyer , of Marietta, works for Dot Foods; Brett S. Brien , of Fulton, works for Stevens Transport; Andrew Snyder , of North Rose, works for TMC Transportation, Inc.; Samuel Aiken , of Mexico, works for Chanelle & Brandos Transportation; Bernard Maxwell , of Camillus, works for Crete Carrier Corporation.

Cliffs Natural Resources Isn't a Good Buy Until Iron Ore Prices Improve
Cliffs Natural Resources released not-so-impressive results in the fourth quarter. It fell shy of analysts' estimates.

Chiefs rain on Ring parade
WHILE many people viewed Noront Resources' plan this week to acquire the vast chromite properties of Cliffs Natural Resources as a welcome shot in the arm of the stalled Ring of Fire mining project, Matawa First Nation Chiefs are grumpy. When Cliffs pulled out of the project, a sense of gloom settled over this region.

Iron Ore Miners Face - Breaking Point' If Prices Fall to $30
That's the level where many of the world's biggest producers would be at or below cost and forced to shut mines, according to Kenneth Hoffman, an analyst at Bloomberg Intelligence in Skillman, New Jersey. It's about 44 percent lower than current levels.

Century Expands Share Repurchase Program by $50 Million
Century Aluminum Company announced it has increased its share repurchase program by $50 million. This increase brings the total amount authorized for repurchases to $130 million since the program began, with $61 million available for future share repurchases as of March 25. Through the date of this announcement, the company has repurchased approximately 1.2 million shares for an aggregated purchase price of $19.4 million in the first quarter of 2015.

Australia's Bricklayers Are Hot Property
Not long ago, Australia's resources boom lured workers from as far away as the U.S. to claim the sky-high wages BHP Billiton Ltd. and other companies were offering to miners, truck drivers and pipe fitters. The pressing need now is for bricklayers.

Dynamic Materials Co. (BOOM) Announces Dividend of $0.04
Dynamic Materials announced a dividend on Thursday, March 19th, Analyst RN reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.04 per share on Wednesday, April 15th.

Molycorp said to discuss easing access to loans from Oaktree
Molycorp Inc. is seeking looser debt terms from lender Oaktree Capital Group LLC that would give the unprofitable miner of rare-earth minerals access to cash to support a turnaround effort, two people with knowledge of the matter said. The Greenwood Village-based company is seeking to borrow about $150 million in revolving credit that's available as part of a $400 million financing package Oaktree gave it in September, said the people, who asked not to be named because the negotiations are private.

Waste Management Completes Acquisition of Deffenbaugh Disposal, Inc.
"The acquisition of the Deffenbaugh assets aligns perfectly with our stated goal of driving shareholder value by maximizing our focus on our core business," said David P. Steiner, President and Chief Executive Officer of Waste Management. "It also achieves one other important objective: replacing a portion of the divested 2014 Wheelabrator earnings at an attractive price."

Wallbridge Temporarily Stops Its Broken Hammer Operation Due to Spring Half-Load Restrictions
Wallbridge Mining Company Limited today announced that it will temporarily stop the operation of its Broken Hammer open pit mine as of March 28, 2015 due to mandatory load restrictions imposed by the municipalities of Sudbury and Timmins on its access roads during spring thaw which could last for a period of 4 to 8 weeks depending on weather conditions. Under the original mine plan for Broken Hammer, mining would have been completed by the end of March 2015.

Commercial Metals Posts Upbeat Q2 Earnings, But Misses Revenue Estimates
Commercial Metals Company reported stronger-than-expected earnings for its second quarter, but the company's revenue missed analysts' expectations. Net earnings attributable to CMC jumped to $54.5 million, or $0.46 per share in the second quarter, compared to $11.1 million, or $0.09 per share, in the year-ago period.

Rio Tinto's Walsh slams 'hare-brained scheme'
Rio Tinto Group, the world's second-largest iron ore exporter, labelled a rival's call for the biggest producers to cap output as nonsense. Rio Chief Executive Officer Sam Walsh said that Fortescue Metals Group Ltd Chairman Andrew Forrest's call on Tuesday for major competitors to limit output to boost prices was a "hare-brained scheme".

Learn the Basics of Corrective Waves
See how three Elliott wave patterns develop -- in Cliffs Natural Resources Inc , iShares Russell 2000 Index and Direxion Daily Financial Bull 3X Shares -- in this classic 5-minute video excerpt from Jeffrey Kennedy's Trader's Classroom service. If you are prepared to take the next step in educating yourself about the basics of the Wave Principle -- access the FREE Online Tutorial from Elliott Wave International.

CVP's Recycling Partnership hires technical assistance coordinator
The Curbside Value Partnership's Recycling Partnership , Falls Church, Virginia, has named Cody Marshall its technical assistance coordinator. In naming him to the position, the CVP says that Marshall has considerable experience working with local governments and recycling programs, which will be a significant asset to the Recycling Partnership as it couples its funding with targeted operational and educational outreach assistance.

Matawa chiefs oppose Ring of Fire project sale
This week's acquisition by Noront Resources of the chromite properties from Cliffs Natural Resources has raised a furor among the First Nation communities closet to the Ring of Fire. This week's acquisition by Noront Resources of the chromite properties from Cliffs Natural Resources has raised a furor among the First Nation communities closet to the Ring of Fire.

Could Cliffs Natural's Latest Move Save the Stock?
Commodities stocks have been punished in recent years, and one of the hardest-hit companies has been iron-ore specialist Cliffs Natural Resources . With demand for steel production pressured by sluggish global economic conditions, the price of iron ore and metallurgical coal used to make steel have come crashing downward, threatening Cliffs Natural's profitability at a particularly unfortunate time.


Plastics Industry News
Dow Chemical: A Buy As Transformation Accelerates
The company entered into an agreement with Olin Corporation to separate the majority of its chlorine business by spinning the business off into a joint venture. The company's spinoff of the majority of their chlorine business will cut its exposure to the low-margin chlorine business.

Cooper execsa salaries climb
By LOU WILIN STAFF WRITER Roy Armes, Cooper Tire & Rubber Co.' s chief executive officer and chairman, earned $9.1 million in 2014, or 56 percent more than in 2013, the company reported.

Sothebys (BID), Enphase Energy Inc (ENPH): Why You Should Follow...
The possibility for a company to go public through an IPO is probably one of the best things that capitalism could've come up with. However, a small drawback comes from the fact that nowadays everyone can trade stocks and manage their own portfolio.

Richmond's Inaugural Oyster Roast & Festival
Richmond's Oyster Roast & Festival: Join the Virginia Green Travel Alliance inaugural Support Virginia Green Tourism Oyster Roast & Festival, Saturday, March 28, 4 -7pm at the American Civil War Center at Tredegar. Have your Virginia oysters, served raw, roasted & fried, sample Virginia wineries & micro-Breweries and food from Richmond Restaurants.

Dow Chemical (DOW) Stock Gaining Today After Announcing Chlorine Business Split
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U.S. Stocks Snap Losing Streak
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Dow Chemical to merge chlorine operations with Olin
Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global materials firm with annual sales of almost $7 Don't worry, it's painless.

Deals of the day- Mergers and acquisitions
** U.S. energy firm Chevron is seeking to sell its entire stake in Caltex Australia Ltd for about A$4.6 billion , exiting Australia's biggest refiner after nearly 40 years as falling oil prices and high costs hurt margins. ** A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

Resource Authority to collect Bags for Benches
The New River Resource Authority is partnering with Food Lion and the TREX Company to offer plastic bag recycling for benches. The idea behind this program is to keep bags out of the landfill while increasing area recycling in the area.

Dow Chemical, Olin in $5B Cash-and-Stock Deal
Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.

Dow unit merging with Olin
Dow Chemical Co. is merging part of it chlor-alkali business with Olin Corp. in a deal valued at $5 billion.

The Wall Street Journal: Dow Chemical to split off chlorine business in $5 billion deal
Dow Chemical Co. said Friday that it will split off a significant portion of its chlorine business and merge it with Olin Corp. in a deal valued at $5 billion.

Futures tick lower as dollar gains ahead of Yellen
U.S. stock index futures dipped on Friday, setting indexes up for a full week of daily declines, as the dollar index added to the previous session's rebound ahead of a speech from Federal Reserve Chair Janet Yellen. * Equities have traded in lock step with the U.S. currency of late ahead of the start of earnings season, as traders gauge how much the greenback's strength will hurt corporations' bottom lines.

Accelerate Color Creation With ColorMatrix(TM) Select from PolyOne
PolyOne Corporation , a leading provider of specialized polymer materials, services and solutions, has launched ColorMatrix Select, a cloud-based liquid color selection and supply service. The new service combines advanced liquid colorants, Web-accessed software, and automated dispensing technology to offer a complete package that enables companies and designers to take greater control of their color development and supply chain.

Goodyear opens first tire development center in China
The Goodyear Tire & Rubber Company has established its first development center in China. Participating in an event celebrating the opening of the facility in Pulandian are Richard J. Kramer, Goodyear chairman and chief executive officer; Tang Jun, party secretary, Dalian Municipal Committee; Scott Weinhold, consul general, United States Consulate in Shenyang, China; and Xiao Shengfeng, mayor, Dalian Municipal Government.

Stock Traders Buy Large Volume of Put Options on Dow Chemical
Shares of Dow Chemical saw unusually large options trading activity on Thursday. Traders bought 4,771 put options on the company, reports.

Feds give green light to Charlotte company's $590M acquisition
Carlisle Cos. Inc. has received approval from the Federal Trade Commission to buy certain assets from Graco Inc. and a subsidiary.

New Ultra High Performance Tire from Bridgestone in Stores
Tuned for maximum handling on the track and engineered to deliver faster lap times, the Potenza RE-71R tire is designed to fit sports cars, coupes and sedans popular with today's enthusiast drivers. "The Potenza RE-71R tire is a unique street tire that stands up to the extreme conditions of the track and also delivers impressive everyday performance," said , senior product manager, Bridgestone Americas.

Can rich builder take over Asiana?
Hoban Construction, a mid-tier local builder, showed much confidence in winning a controlling stake in Kumho Industrial, saying the company has enough cash to satisfy creditors. Kim Sang-yeol, founder and chairman of Hoban Construction, said his firm is in a position to bid 1 trillion won to acquire a 57.5 percent stake in Kumho Industrial, which owns key affiliates of Kumho Asiana Group, including the country's second-biggest air carrier Asiana Airlines.

CTI Industries Corporation Reports Results for Full Year and Fourth Quarter 2014
For the year ended December 31, 2014, consolidated net sales totaled $57,828,000, compared to consolidated net sales of $56,059,000 for the year ended December 31, 2013, an increase of 3.2%. Sales for 2014 were at an all-time record high for CTI.

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