Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Materials Up After BHP Earnings -- Materials Roundup

07/20/2021 | 04:48pm EDT

Producers of metals and other raw materials recouped some of their recent losses after a strong earnings report from the world's largest miner by volumes.

BHP Group shares rose after the Anglo-Australian mining behemoth posted earnings above Wall Street expectations and amid speculation that it was close to offloading energy operations. BHP executives vowed to concentrate on the productivity of existing mines, despite a boom in commodities prices, to avoid overextending capital spending ahead of any price correction.

Rival miner Anglo American reported higher copper, iron-ore, and platinum group metals production for the second quarter, bolstering its shares.

U.S. steelmaker Nucor plans to buy Hannibal Industries, a maker of steel racks for warehouses and other locations, for about $370 million, one of a number of metals companies diversifying their business.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

07-20-21 1647ET

Latest news "Economy & Forex"
02:01pEU hopes to solve Northern Ireland's Brexit trade issues by year-end
RE
01:59pWith the focus on a taper, five questions for the Fed
RE
01:58pRussia says it agrees on terms for supply of its beef to China
RE
01:50pYOUGOV : UK inflation expectations show record jump in Sept -Citi/YouGov
RE
01:48pEli Lilly to supply up to 220,000 doses of its COVID-19 antibody combo to EU
RE
01:45pLabor, building material shortages depress U.S. single-family housing starts
RE
01:44pGM PRESIDENT : Global chip supplies to stabilize, but at lower-than-desired levels
RE
01:41pChina Evergrande's rising default risks shift focus to possible Beijing rescue
RE
01:32pANOTHER HEADWIND? : global gas price spike worries energy execs
RE
01:14pGoogle to buy more office space in NYC as big tech swoops down on real estate
RE
Latest news "Economy & Forex"