LONDON/ SYDNEY, July 23- Zinc held near a three-year peak on Wednesday with supply set to tighten while aluminum dipped from multi-month highs but could turn higher again as inventories fall and demand rises. But fundamentally there are questions, "said analyst Dominic Schnider of UBS Wealth Management in Singapore.» Read More
SYDNEY, July 23- London zinc and aluminium were poised near recent 3 year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.
*Copper, metallurgical coal output also set to rise in FY2015. SYDNEY, July 23- BHP Billiton beat its own guidance for full-year iron ore output, saying it mined a record 225 million tonnes in fiscal 2014, 4 percent ahead of its forecast, leading productivity gains across a number of businesses.
NEW YORK, July 22- Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said on Tuesday, the latest move in a years-long quest to protect the fledging industry from low-priced imports. "How can rebar and wire rod enter Egypt with zero customs?
Arch Coal rose$. 01 or. 3 percent, to $3.00. Consol Energy Inc. fell$. 12 or. 3 percent, to $40.76. Peabody Energy fell$. 14 or. 9 percent, to $15.18.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.25. Silver Standard Resources Inc. fell$. 22 or 2.3 percent, to $9.18. Silver Wheaton fell$. 22 or. 8 percent, to $26.49.
*Beijing trying to end years of support for bloated sector's such as steel. TANGSHAN, China, July 23- In Tangshan, a polluted industrial Chinese city that produces more steel a year than the entire United States, the Xinming Steel Pipe Plant shut earlier this month leaving more than 400 workers and a host of creditors unpaid.
Arch Coal rose$. 03 or. 8 percent, to $3.02. Consol Energy Inc. rose$. 11 or. 3 percent, to $40.99. Peabody Energy rose$. 20 or 1.3 percent, to $15.52.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 23 or 1.2 percent, to $18.87. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.
Pan American Silver Corp. fell$. 10 or. 7 percent, to $15.03. Silver Standard Resources Inc. fell$. 17 or 1.8 percent, to $9.23. Silver Wheaton fell$. 07 or. 3 percent, to $26.64.
JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.
*Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.
*China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.
July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.
Hecla Mining Co. fell$. 01 or. 2 percent, to $3.28. Pan American Silver Corp. fell$. 07 or. 5 percent, to $15.06. Silver Standard Resources Inc. fell$. 06 or. 7 percent, to $9.34.
Arch Coal unchanged at $2.99. Consol Energy Inc. rose$. 24 or. 6 percent, to $41.12. Peabody Energy rose$. 31 or 2.0 percent, to $15.63.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 15 or. 8 percent, to $18.95. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.
SOUTH PORTLAND, Maine— With a potential lawsuit targeting a decision to ban tar sands oil in South Portland, the governor's energy chief said Tuesday that he hopes the state can eventually have a conversation about managing the flow of petroleum products rather than having it decided locally.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
Barrick Gold Corp. fell$. 09 or. 5 percent, to $19.10. Gold Fields fell$. 04 or 1.0 percent, to $3.95. Newmont Mining Corp. fell$. 06 or. 2 percent, to $25.36.
*Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.