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Metals and Mining

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  • MONROVIA, July 4- Liberia's security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said. One demonstrator, who declined to be named, said ArcelorMittal had not fulfilled the terms of its concession agreement with the Liberian governmenOt.

  • The SEC accused Babikian of reaping an illegal $1.9 million profit by selling nearly 1.4 million shares of coal mining company America West Resources Inc after his emailed touts had boosted their price.

  • *Copper ends up 3 percent for the week. KUALA LUMPUR, July 4- Copper prices slipped on Friday but still posted their biggest weekly rise in more than nine months, having earlier hit a four-month peak as U.S. jobs data boosted the demand outlook for industrial metals.

  • *Copper market seen tilting into deficit from 2016. Copper has lost almost a third of its value from a peak in 2011 due to a slowdown in top metals consumer China, which buys about 40 percent of global output. Copper miners' shares represented by the Thomson Reuters GFMS pure-play copper companies index fell by almost 40 percent over the same period.

  • *Copper up 3 percent so far this week. KUALA LUMPUR, July 4- Copper prices hovered near their highest level in more than four months on Friday and were set to post their biggest weekly rise in more than nine months as encouraging U.S. jobs data boosted the demand outlook for industrial metals.

  • *Gold little changed after 0.6 pct fall overnight. *Palladium trading near highest since 2001. SINGAPORE, July 4- Gold was mostly unchanged on Friday, holding on to its losses from the previous session, and could see a further drop in prices as strong U.S. jobs data and record highs on Wall Street dent the precious metal's safe-haven appeal.

  • *Lynas, Molycorp hit by funding squeeze, delayed production ramp-ups. Australia's Lynas Corp and U.S. miner Molycorp Inc, the only two suppliers outside China, are boosting output at their plants in Malaysia and California, respectively. That has squeezed Lynas' and Molycorp's funding and their share prices have tumbled.

  • METALS-Copper eyes biggest weekly gain in nine months Thursday, 3 Jul 2014 | 9:45 PM ET

    SYDNEY, July 4- London copper rose on Friday and was set to forge its biggest weekly climb in nine months, as an upbeat U.S. jobs report fired optimism over economic growth. Copper prices were targeting a 3.4- percent weekly rise, the biggest advance since September last year.

  • WASHINGTON, July 3- The U.S. Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.

  • *Palladium hits fresh 13- year high. LONDON, July 3- Gold slipped on Thursday as the dollar extended earlier gains after U.S. nonfarm payrolls rose more than expected in June, increasing bets that U.S. interest rates could rise earlier than expected.

  • LONDON, July 3- When Indonesia banned the export of unprocessed minerals in January of this year, the consensus view was that the most significant impact would be on the nickel and aluminum raw material markets in that order.

  • *Lynas, Molycorp hit by funding squeeze, delayed production ramp-ups. KUANTAN, Malaysia, July 3- Australia's Lynas Corp, one of only two rare earths producers outside China, expects to reach its initial output rate target by December at the latest which should shore up its shaky cash position, its new CEO said in her first interview.

  • JOHANNESBURG, July 3- South Africa's private sector contracted slightly in June, a survey showed on Thursday, reflecting the impact of a protracted strike in the mining sector. -Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum hits 10- month highs above $1,500/ oz. NEW YORK/ LONDON, July 2- Platinum ended flat on Wednesday as investors took profits after the precious metal rallied to a 10- month high on lingering long-term supply worries despite the end of a strike by South African miners.

  • SANTIAGO, July 2- Chile's northern regions were hit by a power outage on Wednesday, the nation's emergency office said, though it was not immediately clear if production at some of the area's massive copper mines was impacted.

  • *Platinum hits 10- month highs above $1,500/ oz. LONDON, July 2- Platinum hit a 10- month high on Wednesday as its performance since the end of a strike in South Africa reassured investors that the short-term risk of a price retracement had died down, while gold steadied near the previous day's three-month high.

  • TOKYO, July 2- Japan's crude steel output is expected to rise 0.9 percent in July-September from a year earlier on solid demand from shipbuilders and infrastructure projects, the government said on Wednesday.

  • JAKARTA, July 2- Freeport-McMoRan Copper& Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Global copper prices, currently not far off four-month highs, have been underpinned by the disruption to supplies from Indonesia.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum near 10- month highs on supply worries. "From here, an upside looks more likely given persistent tensions in Iraq and Ukraine.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum near 10- month highs on supply worries. "From here, an upside looks more likely given persistent tensions in Iraq and Ukraine.