Metals and Mining


  • Copper prices hovered near their highest in almost five months, while aluminium matched a 13- month top. Three-month zinc was the strongest performer on the London Metal Exchange, climbing 1.1 percent to $2,308 a tonne by 1001 GMT, approaching a three-year high of $2,318.50 touched on Tuesday.

  • *Palladium near highest since 2001. *Gold ticks up as SPDR sees another inflow. SINGAPORE, July 9- Palladium climbed for a 13th session on Wednesday to trade near its highest since 2001 on concerns over supply constraints in major producer South Africa, while strong demand for the metal from the auto industry also underpinned prices.

  • COLUMN-Cleaning up coal: Kemp Tuesday, 8 Jul 2014 | 10:01 PM ET

    LONDON, July 9- According to the popular narrative, coal is locked in a fight to the death with natural gas and renewables to supply clean electrical energy. Promoters of gas, wind and solar often talk about coal as if it were not just a rival but an enemy.

  • SYDNEY, July 9- London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. *Three-month copper on the London Metal Exchange had edged up 0.2 percent to $7,146.75 a tonne by 0109 GMT, from the previous session when it hit its highest since Feb. 19 at $7,212 a tonne.

  • SINGAPORE, July 9- Palladium climbed for a 13th straight session on Wednesday to trade near its highest since 2001 on concerns over supply constraints in major producer South Africa, amid strong demand for the metal from the auto industry.

  • *Palladium hits 13- year peak at $873.75/ oz. NEW YORK/ LONDON, July 8- Palladium rose for the 12th straight session to the highest level in more than 13 years on Tuesday, on supply concerns in South Africa, and firm demand in major car making markets China and the United States.

  • RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.

  • *Palladium hits 13- year peak at $871.80/ oz. LONDON, July 8- Gold steadied on Tuesday as the dollar's recent rally started to fade and investors awaited clearer signs from the U.S.

  • *Copper may target $7,430 in technical rally- UBS. SYDNEY, July 8- London copper climbed on Tuesday towards last week's four-and-a-half month highs while zinc zipped to its loftiest in almost three years as fund buying in thin trade eclipsed worries about European demand.

  • SINGAPORE, July 8- Gold ticked lower on Tuesday as investors continued to fret over the possibility of an earlier-than-expected hike in U.S. interest rates, while palladium was trading near a 13- year high on supply worries. *Physical demand in top gold consumer Asia has also been weak as the metal is holding above $1,300.

  • JOHANNESBURG, July 7- Reuters has pieced together a detailed account of the final days of a five-month strike in South Africa's platinum mines, the longest and most costly industrial action in the country's history.

  • *China aluminium surplus poised to shrink this year- analysts. LONDON, July 7- Copper edged further off 4- month peaks on Monday as investors took profit and stocks rose for a second day running, though lingering supply worries put a strong floor under prices.

  • France, Germany, Britain, eastern Europe to see selloffs. PARIS, July 7- Cement makers Lafarge SA and Holcim Ltd proposed a multi-billion euro series of asset sales on Monday as they seek regulatory approval for their merger to create the world's biggest cement maker.

  • July 7- Mining group Anglo American Plc has agreed to sell its stake in a cement venture to its French-based partner Lafarge SA for at least $1.5 billion, proceeds which will be used to cut debt as part of a broader restructuring.

  • SYDNEY, July 7- London copper edged lower on Monday, as traders turned defensive ahead of a slew of corporate earnings reports, but prices broadly held on to last week's 3 percent gains on tighter-than-expected supply. A six-month halt on exports from major producer Indonesia has exacerbated tight conditions.

  • SYDNEY, July 7- London copper started the week little changed on Monday, broadly holding on to last week's 3 percent gains given tighter-than-expected supply due in part to a halt since January of ore exports from Indonesia.

  • PERTH, July 6- Six potential bidders, including Dutch commodity trader Trafigura and Hong Kong- listed MMG Ltd, are looking at the books of BHP Billiton's Australian nickel unit, the Australian Financial Review reported on Sunday, without saying where it got the information.

  • 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.