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Metals and Mining

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  • LONDON, June 30- Copper dipped on Monday as investors waited for further signs of U.S. growth, but the metal was on track for its second straight monthly gain on tight supply and hopes of solid demand from China.

  • *Gold set for 3 pct Q2 gain, underperforming complex. *Platinum, palladium up on S.African energy worries.

  • LONDON, June 27- Copper slipped after hitting its highest in 3-1/ 2 months on Friday, spurred by hopes that an improved outlook for the world's No. 2 economy may strengthen demand just as supply side dynamics are tightening.

  • RPT-After 125 years, Alcoa looks beyond aluminum Friday, 27 Jun 2014 | 7:01 AM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • LONDON, June 27- Copper hit its highest in 3-1/ 2 months and was headed for a second straight weekly gain on Friday spurred by hopes that an improved outlook for the world's No. 2 economy may strengthen demand just as supply side dynamics are tightening.

  • *ShFE copper may see another bout of short-covering- Standard Bank. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper& Gold Inc and Newmont Mining Corp renegotiate taxes on their exports with the government, has wiped out the year's expected surplus.

  • SYDNEY, June 27- London copper on Friday remained on track to post small gains for the second month in a row, underpinned by a shortfall in supply that has helped push prices close to their highest since early March.

  • After 125 years, Alcoa looks beyond aluminum Thursday, 26 Jun 2014 | 6:39 PM ET

    June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.

  • BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.

  • *Gold down as crude oil down on easing Iraq fears. *Chinese May gold imports from Hong Kong fell 17 pct. NEW YORK/ LONDON, June 26- Gold fell on Thursday as upbeat U.S. jobless claims data and weaker crude oil prices sent prices below a two-month high hit earlier this week, and a lack of investment interest could further pressure the precious metal, traders said.

  • China gold concerns     Thursday, 26 Jun 2014 | 1:30 PM ET

    CNBC's Jackie DeAngelis reports on factors that may be impacting gold prices.

  • *Gold down as crude oil down on easing Iraq fears. NEW YORK/ LONDON, June 26- Gold fell on Thursday as U.S. consumer spending data and sliding crude oil prices sent prices below a two-month high earlier this week, and a lack of investment interest could further pressure the precious metal, analysts said.

  • June 26- Patrice Merrin, a Canadian mining executive, has withdrawn from the slate of directors nominated by activist investor Casablanca Capital to the board of Cliffs Natural Resources Inc after she was appointed to the board of Glencore Plc, Casablanca said on Thursday.

  • BRASILIA, June 26- A federal court has revoked the environmental license for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities.

  • UPDATE 2-Alcoa to buy aerospace company Firth Rixson Thursday, 26 Jun 2014 | 9:34 AM ET

    June 26- Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium.

  • *Glencore had been criticised for lack of female directors. *Patrice Merrin holds number of other industry posts. LONDON, June 26- Commodity trader and miner Glencore Plc, the last London- listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.

  • *China copper premiums extend recovery to $90- $100. *China copper financing to tighten as end of H1 nears. "Indonesia is not even exporting all that it is producing, so that should make the deficit even bigger," metals strategist Stephen Briggs at BNP Paribas in London said.

  • Glencore appoints first female board director Thursday, 26 Jun 2014 | 5:02 AM ET

    LONDON, June 26- Glencore, the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director. In May, Glencore chairman and former BP boss Tony Hayward said that the company would appoint a female director by the end of the year.

  • BRUSSELS, June 26- The European Commission has launched an investigation into Chinese and Taiwanese stainless steel makers after a complaint from European rivals who say they are exporting at unfairly low prices.

  • *Growing supply may help China gain upper hand in pricing. SHANGHAI, June 26- Brazil's Vale, the world's biggest iron ore miner, is starting to offer discounts on shipments of the steelmaking raw material to top consumer China, joining Australian rivals in cutting prices following a global surge in production.