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Metals and Mining Diversified Metals and Mining

  • LONDON/ CAPE TOWN, Feb 7- Mining stocks are outpacing oil-related peers in a "reflation rally" sparked by U.S. While both energy and mining stocks rose, the latter charged higher in the second half of the year led by bellwethers such as Anglo American and Glencore, in stark contrast to a dismal 2015. "Our UK PMs hold miners in preference to oil majors based on prospects...

  • LONDON, Feb 7- Last month Indonesia rocked the nickel market. What Indonesia giveth, the Philippines apparently taketh away. And while events in both Indonesia and the Philippines are going to be key price drivers for the foreseeable future, they will impact only the most upstream part of a supply chain which is still amply filled at the refined metal stage.

  • Small-scale miners dig inside a newly-opened mine tunnel at a site in the town of Monkayo in the Compostela Valley, Mindanao.

    The Philippine mining minister's decision to close over half of the country's mines and suspend others is "illegal," an industry group said.

  • This photo taken on June 16, 2016 shows a barge being loaded with nickel ore at a private port in Infanta town, Pangasinan province, north of Manila.

    The planned closure of 23 Philippine mines, mostly nickel producers, and the suspension of five others will affect about 1.2 million people.

  • TORONTO, Feb 1- Canada's main stock index eked out a small gain on Wednesday as miners and energy stocks rose with higher prices for oil and some base metals, while nuclear producer Cameco Corp sank on news of a scrapped contract. The Toronto Stock Exchange's S&P/TSX composite index settled up 16.43 points, or 0.11 percent, at 15,402.39. Its materials group, which...

  • A worker monitors operations as water is added to concentrate at Freeport McMoRan's Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015.

    Freeport-McMoRan warned that it would need to start slashing output and jobs at its Indonesia mine if it fails to get an export permit.

  • Commodities prices could be much better: MMG

    Andrew Michelmore, CEO at MMG, says that market sentiment when it comes to investing has changed.

  • More mining floats in Australia in 2017: Expert

    Philip Alexander, Jacanda Capital, says that the window for small tech floats is closing in the market.

  • Rio Tinto hits its iron ore guidance but...

    Rob Brierley at Patersons Securities talks about how the miner missed its copper targets and his expectations for iron ore prices.

  • Signage for Rio Tinto is displayed atop the company's offices in the central business district of Perth, Australia, on Friday, Oct. 28, 2016.

    Global miner Rio Tinto hit its mid-point target for iron ore shipments from Australia in 2016 and kept its guidance for this year intact.

  • TORONTO, Jan 6- Canada's main stock index fell on Friday, with gold miners and other materials stocks leading a broad retreat from a three-day rally that saw the index approach an all-time high to start the year. The Toronto Stock Exchange's S&P/TSX composite index ended the day down 90.53 points, or 0.58 percent, at 15,496.05 despite booming jobs and trade data.

  • TORONTO, Jan 6- Canada's main stock index fell in early trading on Friday, with gold miners and other materials stocks leading a broad retreat from the three-day rally that started the year. At 9:42 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 61.85 points, or 0.4 percent, at 15,524.73 despite booming jobs and trade data.

  • *Britain's FTSE among top performers in Europe. The FTSE 100 has gained 14 percent in 2016 to trade just below a record high set in October, making it the best performer among major European stock indexes despite the shock of June's Brexit vote. "The latest GDP figures point to a strong UK economy which has probably accounted for some of the pick-up in equity prices...

  • LONDON, Dec 29- Oil's plunge to its lowest in over a decade and fears over China's economy hammered global commodity markets and share prices earlier this year, but investors who held their nerve will be partying the hardest this holiday season. Shares in mining and commodity trading giant Glencore are up 200 percent this year and shares in Anglo American are up...

  • TORONTO, Dec 9- Canada's main stock index barely extended a 19- month high on Friday, jumping 1.7 percent over the week, as heavyweight energy and bank stocks gained with rising oil prices and bond yields while mining losses eclipsed broad gains. Diversified miner Teck Resources Ltd fell 6.9 percent to C $29.37. "I think the materials have run way too far too fast and...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain in morning trade on Friday as miners rose with gold and financial stocks pulled back at the end of a busy week of earnings. Energy stocks also moved lower after notching sharp gains earlier in the week as an OPEC deal to curtail production sent crude prices soaring, with Suncor Energy Inc down 0.8 percent...

  • TORONTO, Nov 23- Freeport-McMoRan Inc, the world's largest publicly listed copper producer, said on Wednesday it raised $1.5 billion in an equity offering, completing its plan to reduce debt with proceeds from asset sales and new equity. Freeport, which has sold mining and energy assets in deals worth $6.6 billion this year, said it can now meet its debt reduction...

  • LONDON, Nov 23- Copper fell on Wednesday, snapping two days of gains on concerns that the recent price rally sparked by U.S. president-elect Donald Trump's stated commitment to higher infrastructure spending had become overstretched. However, it failed to sustain a push above $6,000 a tonne. Three-month copper on the London Metal Exchange was untraded in...

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...