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Metals Industry News
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Metals Industry News
Indonesia Squeezing China as Bauxite Prices Climb: Commodities
It's been 10 months since Indonesia banned exports of bauxite, used to extract aluminum, in a bid to transform its mining industry, and the global market is still struggling to replace the lost supply. Bauxite prices are up about 15 percent and aluminum is rallying the most since 2009, driving up costs for importers including the world's top buyer, China.

Rio Invests $350 Million in Diamond Project After Walsh Backing
Rio Tinto Group , the world's second biggest mining company, approved a $350 million project to expand a diamond mine in northwestern Canada, weeks after Chief Executive Officer Sam Walsh flagged an investment. Construction of the A21 kimberlite pipe at the Diavik mine, 220 kilometers south of the Arctic Circle, will start next year, London-based Rio Tinto said today in a statement.

Police Fire Rubber Bullets at Ivanhoe Mine Protesters
South African police fired rubber bullets to disperse protesters who blocked a highway with rocks and tires near Ivanhoe Mines Ltd. 's Platreef project to demonstrate against plans to start building the $1.6 billion platinum mine. Some members of the local community are opposed to the approval of a license that allows billionaire Robert Friedland's Ivanhoe to develop Platreef.

Nickel Drops Most in a Week as Colombia Mine Strike Canceled
Nickel prices fell the most in a week after a union ruled out a strike this year at Colombia's Cerro Matoso mine. Workers at the mine owned by BHP Billiton Ltd. considered a walkout in a dispute over extended hours.

Century Aluminum Sets New 1-Year High at $29.80
Shares of Century Aluminum hit a new 52-week high during trading on Tuesday , Stock Ratings Network reports. The stock traded as high as $29.80 and last traded at $29.70, with a volume of 1,137,787 shares.

Market Vectors Coal ETF Extends Losses
ETF trends reported that the Market Vectors Coal ETF is down another 13 percent, adding to the funds losses of almost 30 percent over the past two years. KOL's struggles are encouraging some hedge funds to short not only shares of companies held by the ETF, but also short distressed debt issued by several of KOL's most embattled constituents.

Is Peabody Energy A Safe Bet On A Coal Rebound?
Peabody Energy is often considered to be a rather safe bet on a coal rebound. The company has decent operating costs, $2.3 billion of total liquidity and appears to be more stable than heavily pressured companies like Walter Energy or Alpha Natural Resources .

Vulture hedge funds bet on coal mining bankruptcies
Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap by snapping up their bonds on the chea p; if the companies go bankrupt, they aim to swap the debt for controlling shares, and mines and other assets can be sold at a profit once coal prices rebound. These vulture funds have used these tactics in other ailing industries such as air travel and paper manufacturing, but an improving economy has left them with few new targets this year; more of the funds are descending on big coal as declining coal prices catch up with mining companies that borrowed too heavily.

CNBC's Stock Pops & Drops From November 24
On CNBC's Stock Pops & Drops , Dan Nathan spoke about a 1.41 percent decline in Verizon Communications Inc. . The stock traded lower on a downgrade by Citigroup.

BHP Billiton To Turn Olympic Dam Mine To World's 2nd Largest Copper Mine
BHP dropped 2.5 percent after it missed analysts' forecast in its full-year profit late on Tuesday and said it delayed production the $14 billion Canadian potash project. Picture taken August 20, 2013.

Comparing America's 3 Largest Waste Management Companies
The waste management industry is expected to outperform the S&P broader market substantially this and next quarters, and moderately in 2015 and beyond. Mean/high targets for the three largest U.S. waste management companies - Waste Management , Republic Services , and Stericycle - range from 3% to 15% above current prices.

Cliffs Natural Resources Debt Tender Offer
The news that Cliffs Natural Resources may close its Bloom Lake mine was a hot topic in recent days. The statement that closure costs could be in the range of $650 million - $700 million stunned investors and sent Cliffs' shares into a wild swing.

Ivanhoe Mines Reports Exceptionally High-Grade Silver, Zinc and...
The new results include those from the first hole, KPU040, drilled through the historical Big Zinc zone from the hanging-wall drill drift on the 1,272-metre level, which provides the geometry for near-true-width intercepts. KPU040 was drilled on section 3 North and intersected high grades of base and precious metals mineralization: -- 70 metres grading 43.0% zinc, 5.5% copper, 244 grams per tonne silver and 71 g/t germanium and 0.1 g/t gold.

BHP Reassures Investors on Dividends as Deeper Cost Cuts Bite
BHP Billiton Ltd. reassured investors that billions of dollars of planned capital spending and cost cuts will help allow the world's biggest miner to maintain dividends as iron ore and crude oil prices plunge. Capital outlays will drop to $13 billion in fiscal 2016, down more than 40 percent from 2012, the company said today.

Markets Live: FMG soars on sugar hit
Miners surge in early trade as investors bet on further action from Chinese authorities to support the country's economy, with Fortescue up 10 per cent alone. Iron ore miners are running hard in early trade on hopes Chinese authorities will act further to shore up the country's slowing economy, with Fortescue surging 10 per cent on much larger than average volumes.

Hedge Funds Bet on Coal-Mining Failures
Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap. The coal industry is in a prolonged slump with a long list of causes topped by sluggish demand and competition from cheap natural gas, which have pushed prices to historic lows.

BHP Outlines Plan to Cut Costs, Reshuffles Management
BHP Billiton Ltd. outlined plans to cut costs further and curb investment spending as the world's biggest miner by market value looks to simplify and strengthen its business amid falling commodity prices. The Anglo-Australian resources group Monday said it wants to record at least another $4 billion of productivity-led gains by the middle of 2017, through paring costs and bolstering the volume of commodities it produces.


Plastics Industry News
Chinese company buys Cooper's share of joint venture
A joint venture founded by China's Chengshan Group and U.S.-based Cooper Tire & Rubber Company will be wholly owned by Chengshan. According to the announcement by Chengshan on Thursday, the two companies have reached an agreement in which Chengshan will buy the 65 percent of shares held by Cooper in the joint venture at a price of more than 280 million U.S. dollars.

Apple may be stopping production of the iPhone 5c next year, MacRumors says
Appaloosa gives quarterly update on stakes NEW STAKES: NXP Semiconductors , Lorillard , Alibaba , and Shire . INCREASED STAKES: Whirlpool , Priceline , Delta , CBS , and General Motors . featured expert Kevin Matras highlights: Cooper Tire &...
This week, A stock's Earnings Yield measures just that, the anticipated yield an investment in a stock could give you based on the earnings and the price paid for the stock. The most common way people will use this ratio is to compare it to other stocks and to compare the yields to the 10 Year T-Bill.

Midland's Patrick Smith honored by the American Chemical Society
Patrick Smith, research scientist at Michigan Molecular Institute, has been honored by the American Chemical Society with the E. Ann Nalley Regional Award for Volunteer Service. A nominee must be a member of the American Chemical Society residing in a local section within the region and have made significant contributions to their region of the American Chemical Society.

Press release distribution, EDGAR filing, XBRL, regulatory filings
Richard Baker, Governor ... )--Insmed Incorporated today announced that Company management will participate at the following investor conferences in December: Leerink Partners' P... )--Abbie Celniker, Ph.D., President and CEO of Eleven Biotherapeutics, will present at the Oppenheimer 25th Annual Healthcare Conference in NY on Thursday,12/11/2014... )--FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code --CHC Group Ltd. , the parent company of CHC Helicopter, today announced that it has cancelled a rights offering of preferred shares in the company that had been...

Nine months: Raven Industries' Sales Down 5%, Net Income Down 26%
NINE MONTHS: RAVEN INDUSTRIES' SALES DOWN 5%, NET INCOME DOWN 26% Nov. 25, 2014 Source: Raven Industries news release To view the complete report, click here. Raven Industries, Inc. today reported sales and earnings for its fiscal third quarter ended October 31, 2014.

Goodyear Urges Consumers to Check Tires Before Holiday Travel
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Stocks with implied volatility movement; GT Loco
Goodyear may benefit in 2015 from Chinese tire duties, says Deutsche Bank After the Department of Commerce assigned a higher than expected preliminary subsidy rate of 15.69% to tires exported from China, Deutsche Bank noted that additional tariffs on Chinese tires would likely have a significant impact on the U.S. tire market and be positive for companies like Goodyear . Cooper Tire is another publicly traded U.S. tire company.

Fed moves to impose tariffs on Chinese tires
Federal officials took a step Monday toward imposing tariffs on Chinese-made tires, which unionized Cooper Tire & Rubber Co.

CropLife America Names New Sr VP/Science & Regulatory Affairs
CROPLIFE AMERICA NAMES NEW SR VP/SCIENCE & REGULATORY AFFAIRS Nov. 25, 2014 Source: CropLife America news release Jay Vroom, president and CEO of CropLife America , announced today that Dr. Janet E. Collins will join CLA as senior vice president of science and regulatory affairs, effective January 5, 2015. Dr. Collins brings 25-plus years of professional experience and leadership in regulatory affairs and nutrition science to her new role.

Dow reaches agreement with investor Third Point
Dow Chemical Co., the largest U.S. chemical maker, has avoided a fight with activist investor Third Point LLC after agreeing to add four new independent directors. Two Third Point nominees will join the board on January 1, according to a statement from Dow.

Synthetic Biology Market Growth Analysis and 2018 Worldwide Forecasts adds Synthetic Biology Market by Tool , Technology , Application - Global Forecast to 2018 as well as Global Synthetic Biology Market 2014-2018 research reports to the biotechnology intelligence collection of its online library. The synthetic biology market is rapidly evolving, with various technological advancements that have resulted in a paradigm shift within the market.

Maui GMO ban supporters seek to dismiss lawsuit
Groups of moms and environmentalists are among the organizations that want to help defend a new Maui County law that bans the cultivation of genetically modified organisms. The coalition filed a motion Friday seeking permission to intervene in a federal lawsuit filed by Monsanto Co.

Goodyear airships to collect Toys for Tots
Goodyear first nicknamed one of its blimps the "Santa Claus Express" in 1927. The company is offering chances to win a ride on an airship during its Toys for Tots drive.

Dow Chemical Co (DOW) And Sothebys (BID) Succumb to Dan Loeb's Will
While the issue of the benefit or harm that activist investors cause remain debatable, Dan Loeb has added two more successive victories on his Resume, as both Dow Chemical Co and Sothebys agreed to his demands. Bloomberg 's Erik Schatzker reported on the culmination of a six month proxy fight between Mr. Loeb and Sotheby's which mostly revolved around the inadequacies of the company's CEO, William Ruprecht, who has now agreed to step down.

Searching for life in east Akron, 'East End' developer sees it all following Goodyear...
When Goodyear Tire and Rubber Company was getting antsy for a new headquarters in the mid-2000s, it became clear to the city and developers that the company's complex east of downtown wasn't up to muster. Never mind the iconic signs and the delicately sculpted Gothic brick facade of the company's namesake theater, or the pastoral cemetery and turn-of-the-century bank building.

Dow Chemical CEO Says Not Quitting Kuwait, But Shifting Strategy
Asked about Dow's strategy in Kuwait, Chief Executive Andrew Liveris, speaking on the sidelines of a conference in Dubai, said his company was "moving from doing commodities just for commodities sake, moving more downstream and Kuwait is more about commodities..." Dow Chemical announced earlier this month said that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures, in order to release capital for other strategic purposes. It did not give details.

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