Stocks in Switzerland were little changed, with the benchmark Swiss Market Index falling for a fourth consecutive week, as investors weighed U.S. economic data amid concern that central banks may pare stimulus measures.
Vale SA rose the most among major iron-ore producers after profit beat analysts’ estimates for the first time in two years on cost reductions and higher copper sales that offset lower prices for the steel ingredient.
Eramet SA’s Societe Le Nickel unit suspended nickel mining on New Caledonia before an approaching cyclone expected to hit the island tomorrow, Reuters said , citing an unidentified spokeswoman for the company.
Eramet SA’s Societe Le Nickel unit, which on Jan. 14 suspended nickel mining on New Caledonia because of a cyclone, is resuming operations, Reuters reported , citing an unidentified spokeswoman for the company.
A prefabricated six-story hotel, once destined to house BHP Billiton Ltd. workers, is sitting in 126 boxes stranded on the Melbourne city docks. The stalled project is a sign of the deepening global slowdown in mining.
Restrictions on nickel-ore exports by Indonesia may force Japan, the world’s third-largest producer of refined metal, to source raw material from other suppliers or reduce output, Sumitomo Metal Mining Co. said.