Gerdau posts slight core earnings beat as US revenue rises
Gerdau is Brazil's largest steelmaker by market capitalization and the owner of mills across the Americas.
Gerdau is Brazil's largest steelmaker by market capitalization and the owner of mills across the Americas.
Revenue for the major global copper producer rose 10% in the quarter.
Shares of Weir Group traded 4.5% higher in London on the Q1 trading update.
Brazilian steelmaker Usiminas on Thursday delivered first quarter results above market expectations.
The company had earlier warned of total losses of 13 million metric tons of iron ore due to inclement weather.
The miner reported net income jumped 64% to 13.5 billion yuan last year, beating analysts’ estimates.
The world's largest aluminum producer outside China posted a net profit of $803 million for the year ended December 31.
The South America-focused miner declared a final dividend of 1.94 cents per share, amounting to at least $10 million for shareholders.
Rio Tinto plans to create a standalone lithium division after it completes the $6.7 billion acquisition.
West McArthur is about 20 km west of Cameco’s McArthur River mine.