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Metals and Mining

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  • 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.

  • SYDNEY, July 2- London copper eased from its highest in nearly four months on Wednesday as summer holidays in the northern hemisphere drained the market of direction, although an upbeat global manufacturing outlook and low exchange stocks underpinned prices.

  • SINGAPORE, July 2- Gold was trading close to a three-month peak on Wednesday boosted by a second straight day of inflows into the top bullion-backed fund, while platinum held sharp overnight gains to trade at a near 10- month high on supply worries. *Gold was also supported by safe-haven bids from geopolitical tensions in Iraq and Ukraine.

  • *Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, boosted by new positioning by funds at the start of the quarter and long-term supply worries despite the end of South Africa's mining strike.

  • Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, extending its rally to a fourth consecutive session, boosted by long-term supply worries, despite the end of South Africa's mining strike.

  • *Copper stocks rise for first time in a month. *Indonesia's biggest tin miner halts exports for two weeks. "I think we're seeing a bit of profit taking and also some producer activity," said analyst Robin Bhar at Societe Generale in London.

  • *BNP Paribas rises on relief at U.S. sanctions settlement. LONDON, July 1- European shares began the month with a gain, as BNP Paribas rose on relief it had settled a U.S. sanctions case and mining companies rallied after encouraging economic data came out of China, the world's top metals consumer.

  • MOSCOW, July 1- Russian aluminum giant Rusal has approval for a $3.6 billion debt restructuring deal from another of its creditors German financial services provider Portigon AG, two sources familiar with decision said. The deal has yet to be approved by one creditor- Britain's part-nationalized lender Royal Bank of Scotland, one source told Reuters.