Metals and Mining
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*China's official PMI eases to 50.4 in January. SINGAPORE, Feb 1- London copper rose on Friday but stayed off four-month highs struck in the previous session as growing confidence about a global economic recovery overcame a tepid expansion in China's factory sector in January.
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*China factory PMI shows mild rebound. Three-month copper on the London Metal Exchange closed at $8,290 a tonne, up from a close of $8,165 on Thursday when it touched a 3-1/ 2 month intraday high at $8,291.25 a tonne.
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MEXICO CITY, Jan 31- Mexican copper miner and railroad operator Grupo Mexico said fourth-quarter net profit climbed 15 percent, helped by a more favourable exchange rate and improving copper prices on stronger demand from China.
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SINGAPORE, Feb 1- London copper rose on Friday to hold near four-month highs struck the session before after China's factory output grew in January, bolstering confidence in a global economic recovery. *The most-traded May copper contract on the Shanghai Futures Exchange edged down 0.13 percent to 59,480 yuan a tonne.
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*Sees 2013 EPS of $2.75- $3.25; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
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*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Potash Corp, the world's biggest fertilizer company, reported a surprisingly large drop in fourth-quarter profit on Thursday and gave a first-quarter outlook below Wall Street's forecast.
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*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
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*China factory, U.S. jobs data due Friday may give more support. SINGAPORE, Jan 31- London copper rallied to a three-and-a-half-month peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of strengthening global economic growth.
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*Copper eyes 2013 peak of $8,256.50 from Jan. 3. SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of a strengthening global economic recovery.
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SHANGHAI, Jan 31- China's steel industry is the biggest in the world, accounting for about 47 percent of global production in 2012.. Following is a list of China's biggest steel mills by output in 2012. Output at most mills declined from the previous year, according to data from industry consultancy Custeel, citing the China Iron& Steel Association.
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*Nine-month profit 21.9 bln yen vs loss of 37.3 bln yen a yr ago. TOKYO, Jan 31- JFE Holdings Inc, the world's fifth-biggest steelmaker, kept its forecast for full-year net income of 35 billion yen even as it swung to a profit for the first nine months, underscoring concerns over the global economy.
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TOKYO, Jan 31- JFE Holdings Inc, Japan's second-biggest steelmaker, posted a nine-month profit on Thursday and kept its forecast for full-year net income of 35 billion yen as the global economic slowdown is keeping a lid on earnings.
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BEIJING, Jan 31- China's steel association said it would support Brazil's Vale docking its giant Valemax ore carriers at Chinese ports if that would lead to a decrease in iron ore costs for its members.
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SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as investors focused on a revival in U.S. consumer spending and a recovery in Europe's banks as evidence of a strengthening global economic recovery. *Copper on Wednesday climbed to its loftiest since Jan. 3 at $8,245, drawing close to the early January top of $8,256.50.
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Jan 30- The uneven impact of the shale oil boom on the U.S. refining industry was brought into stark relief this week as Midwest and Gulf Coast refiners with easy access to cheap domestic crude posted strong earnings, while weak margins spelled the death of another East Coast plant.
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GENEVA, Jan 30- Afghanistan expects Chinese and Indian investments in iron ore and copper mining to buoy its economy after NATO troops withdraw in 2014, the country's finance minister said on Wednesday.
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SINGAPORE, Jan 30- London copper rose to nearly a three-week high on Wednesday, as hopes for improving global growth fanned risk appetite and weighed on the dollar, but traders were wary ahead of a Federal Reserve meeting and Chinese factory data.
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Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
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SINGAPORE, Jan 30- London copper rose to a one-week top on Wednesday, rising for a third straight session as strong U.S housing data reinforced hopes that an economic recovery was gathering pace, although caution over a Federal Reserve policy meeting capped gains.
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*It could take several weeks to resume full coal production in Queensland- resources council. SYDNEY, Jan 30- Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
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