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Metals and Mining

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  • *Platinum on Friday hit lowest since Sept 2009. NEW YORK/ LONDON, Oct 3- Gold fell 1.6 percent on Friday, dropping below $1,200 an ounce for the first time this year, as data showing a stronger-than-expected U.S. labor market bolstered bets that the U.S. Platinum dropped around 3 percent and other precious metals and commodities also fell broadly as the dollar index...

  • *Platinum on Friday hit lowest since Sept 2009. LONDON, Oct 3- Gold fell below $1,200 an ounce for the first time this year on Friday as the dollar jumped after better-than expected U.S. non-farm payroll data, which could bolster bets on a Federal Reserve rate hike in mid-2015 or even earlier. "The move in the dollar has been quite drastic after the good U.S. non-farm...

  • Ebola epidemic: Which sectors to watch Friday, 3 Oct 2014 | 9:09 AM ET
    People wearing protective clothing for the Ebola virus, in Freetown, Sierra Leone, September 28, 2014.

    The Ebola epidemic could have “significant implications” for commodities, Deutsche Bank warned, as deaths top 3,300.

  • Oct 3- Iamgold Corp said on Friday it has agreed to sell its niobium mine in Quebec to a group of companies led by investment firm Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Magris is acquiring the niobium asset in partnership with Singapore's Temasek Holdings and CEF Holdings Ltd, a Hong Kong- based investment company...

  • *Gold not far above $1,200 resistance level. *Platinum on Friday hit lowest since Sept 2009. LONDON, Oct 3- Gold fell on Friday, set for a fourth weekly loss in five, and platinum slumped to a five-year low as the dollar rebounded ahead of U.S. jobs data.

  • Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by investment company Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Iamgold, which has assets in Canada, South America and Africa, will get an additional $30 million when commercial production begins at the adjacent...

  • Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. The sale of Niobec, located in the Saguenay-Lac-Saint-Jean region in Quebec, includes an adjacent rare earths deposit. Iamgold will get an additional $30 million when...

  • LONDON, Oct 3- Gold fell on Friday, poised for a fourth weekly loss in five, while platinum slumped to a five-year low as the dollar rebounded ahead of U.S. jobs data that will give more clues about the Federal Reserve's monetary tightening strategy. It was down 0.5 percent at $1,207.45 by 0949 GMT and looked likely to challenge the important $1,200 resistance level,...

  • *Gold, other precious metals hurt by strong dollar. *PGMs could see further liquidation- HSBC. SINGAPORE, Oct 3- Gold was poised for a fourth weekly loss in five on Friday, hurt by the strength of the dollar in recent weeks, while platinum slumped to a five-year low.

  • *Financing fraud at Qingdao port delaying expected nickel deficit. *China exports more than 50,000 T nickel in June-Aug. SYDNEY, Oct 3- A commodity fraud at China's Qingdao port has hit bank financing of metal deals, sparking a surprise jump in nickel exports and pushing back expectations of a global supply shortage of the metal used mainly in stainless steel.

  • TORONTO, Oct 2- Turquoise Hill Resources Ltd said on Thursday it was still in talks with the Mongolian government to resolve issues that have delayed the underground expansion of its Oyu Tolgoi gold and copper mine in the country. Turquoise Hill, which is majority owned by global miner Rio Tinto Plc, said on Thursday that while progress has been made, a resolution...

  • METALS-Copper falls, economic data in focus Thursday, 2 Oct 2014 | 8:37 AM ET

    *Coming up: U.S. durable goods orders at 1400 GMT. LONDON, Oct 2- Copper slipped on Thursday, with prices vulnerable to further pressure from the dollar's recent strength as investors awaited fresh data for further clues on the health of the U.S. economy and the outlook for interest rates. Benchmark copper on the London Metal Exchange traded at $6,652 a tonne in...

  • METALS-Copper steadies as dollar rally stalls Thursday, 2 Oct 2014 | 6:45 AM ET

    *Coming up: ECB's Draghi holds news conference at 1230 GMT. LONDON, Oct 2- Copper held steady on Thursday, up from 3-1/ 2 month lows hit the previous day, as the dollar softened from recent highs, although prices remained vulnerable to dollar strength as investors await further clues on the health of the U.S. economy. Benchmark copper on the London Metal Exchange...

  • *First Ebola case in U.S. sends Wall Street tumbling. *Platinum slides to lowest since Sept. 2009. NEW YORK/ LONDON, Oct 1- Gold rose on Wednesday, rebounding from the previous day's nine-month low near $1,200 an ounce, as disappointing U.S. factory data sparked a selloff on Wall Street and prompted investors to seek a safe haven in the yellow metal.

  • POLL-Oil price forecasts cut, to stay subdued in 2015 Wednesday, 1 Oct 2014 | 10:12 AM ET

    *Brent seen averaging $103.30, WTI $96.10 in 2015. Brent has averaged near $110 a barrel since 2011 but has fallen sharply since June as U.S. shale oil supplies outstripped expectations and Iraqi and Libyan production has risen despite violence and political unrest in the two OPEC members.

  • *China markets shut for week-long holiday. LONDON, Oct 1- Copper prices rebounded slightly from 3-1/ 2 month lows on Wednesday, but remained vulnerable to a strong dollar and concerns about lackluster demand from top consumer China as the its property sector cools.

  • *China markets shut for week-long holiday. LONDON, Oct 1- Copper prices hovered near 3-1/ 2 month lows on Wednesday, under pressure from a strong dollar, concerns about lacklustre demand from top consumer China and growing supplies.

  • *Platinum slides to lowest since Sept. 2009. LONDON, Oct 1- Gold held near 9- month lows on Wednesday, weighed down by broad-based strength in the dollar on growing expectations that the U.S. Spot gold was at $1,209.20 an ounce at 0927 GMT, little changed from late Tuesday, after earlier slipping to within 10 cents of the previous day's 9- month low at $1,204.40.

  • Novelis opens aluminium recycling plant in Germany Wednesday, 1 Oct 2014 | 5:36 AM ET

    HAMBURG, Oct 1- Novelis, a U.S.-based manufacturer of rolled aluminium products, said it had opened a $258 million recycling plant in Germany to process aluminium scrap obtained throughout Europe. Good availability of scrap in Europe is a major reason for locating the plant in Germany, he said.

  • Novelis opens aluminum recycling plant in Germany Wednesday, 1 Oct 2014 | 5:36 AM ET

    HAMBURG, Oct 1- Novelis, a U.S.-based manufacturer of rolled aluminum products, said it had opened a $258 million recycling plant in Germany to process aluminum scrap obtained throughout Europe. Good availability of scrap in Europe is a major reason for locating the plant in Germany, he said.