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Metals and Mining

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  • SYDNEY, Sept 1- London copper edged down on Monday, after ending August with its biggest monthly drop since March on signs of fragility in the global economy, as markets awaited the release of a key manufacturing gauge in top metals user China. *LME aluminium eased 0.2 percent to $2,092 a tonne after hitting its highest since Feb 2013 at $2,119.50 on Friday.

  • *Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.

  • *Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a fresh 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.

  • The crisis in eastern Ukraine has emboldened Europe and the United States to impose broad sanctions on Russia. But Europe finds itself in a precarious position, with almost a third of the natural gas the continent consumed in 2013 flowing from Russia, according to the U.S. Energy Information Administration.

  • LONDON, Aug 29- Copper edged higher on Friday as the euro steadied, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.

  • SYDNEY/ LONDON, Aug 29- Copper edged higher on Friday as the euro strengthened, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.

  • LONDON, Aug 29- For the world's hard-pressed aluminum producers the current outlook is the rosiest in many years. That's largely thanks to the combination of a robust London Metal Exchange price, currently trading around $2,100 per tonne, its highest level since early 2013, and historically elevated physical premiums.

  • NEW DELHI, Aug 29- Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when millions of people were left without power in one of the world's worst blackouts.

  • SINGAPORE, Aug 29- Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal. Gold was trading flat at $1,289.20 an ounce by 0306 GMT.

  • The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.

  • *Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.

  • METALS-LME copper steadies in low volumes, ECB in focus Thursday, 28 Aug 2014 | 3:43 AM ET

    SYDNEY, Aug 28- Copper steadied in low trade volumes on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand.

  • *Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.

  • SYDNEY, Aug 28- The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A $1 billion to A $2 billion as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.

  • *Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.

  • METALS-LME copper drifts in low volumes; eyes on ECB Wednesday, 27 Aug 2014 | 8:57 PM ET

    SYDNEY, Aug 28- Copper drifted in low volume trade on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand. *The most-traded October copper contract on the Shanghai Futures Exchange eased 0.2 percent to 50,330 yuan a tonne.

  • *Palladium- backed fund shows hefty outflow; prices up. NEW YORK/ LONDON, Aug 27- Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in U.S. equities.

  • RIO DE JANEIRO, Aug 27- Brazil's new mining code, a flagship policy of President Dilma Rousseff first announced in 2009, is unlikely to be passed before next year and could be ditched entirely if the government changes in upcoming elections, industry insiders say.

  • WINNIPEG, Manitoba, Aug 27- Canadian uranium miner Cameco Corp said on Wednesday that it would shut down the world's biggest uranium mine at McArthur River, Saskatchewan, as well as the Key Lake mill after the United Steelworkers union said workers planned to strike starting Saturday.

  • LONDON, Aug 27- The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 percent iron ore as assessed by the Steel Index has just fallen below the $89 per tonne level for the first time since September 2012.