Hecla Mining Co. rose$. 01 or. 3 percent, to $3.39. Pan American Silver Corp. rose$. 01 or. 1 percent, to $12.21. Silver Standard Resources Inc. rose$. 03 or. 4 percent, to $6.94.» Read More
SINGAPORE, Jan 24- London copper drifted Thursday, supported by expansion in China's factories that fuelled confidence in the country's recovery although patchy reports from the U.S. corporate earnings season kept a lid on prices.
SYDNEY, Jan 24- Fortescue Metals Group, the world's fourth-largest iron ore miner, lifted shipments by 32 percent in the December quarter from a year ago, nearly all bound for Chinese steel mills. Fortescue said it expected volatile market conditions in China to stabilize in the near term.
MELBOURNE, Jan 24- Shares in Australia's Linc Energy rocketed 31 percent a day after it said two independent reports had confirmed it is sitting on potentially large resources of shale oil in South Australia.
SINGAPORE, Jan 24- London copper was steady on Thursday, supported by expansion in China's factories that fuelled confidence the country's recovery was gaining speed, although patchy reports over the U.S. corporate earnings season kept a lid on prices.
SINGAPORE, Jan 24- London copper was steady on Thursday but down from 11- day highs reached the session before, after mixed signals on the U.S. economy and as traders eyed key Chinese data for further signs of recovery in the world's top metals consumer.
David Einhorn's Greenlight Capital had a 2012 return of 7.9 percent, and a loss of 4.9 percent. CNBC's Herb Greenberg, offers insight.
CNBC's Sharon Epperson reports on the metal markets close for the day, saying the progress in the talks on the U.S. debt limit has reduced gold's appeal as a safe haven.
CNBC's Kate Kelly reports David Einhorn of Greenlight Capital told investors shorts in iron ore miners hurt the results, not Herbalife.
Jan 23- Hedge fund manager David Einhorn, who delivered what he called "pedestrian" returns of 8 percent last year, said that he is bearish on iron ore and is now shorting some companies in the sector. He also said he bought back shares in Apple Inc, using the lower prices after the stock stumbled to make those moves.
*Sees additional $80 mln in costs for mine-expansion project. Jan 23- Rare earth producer Molycorp Inc warned of significantly lower revenue and cash flow for the first half of the year and said it will not generate enough money to fund the expansion of its main mine in California.
LONDON, Jan 23- Copper fell on Wednesday, dragged lower by indications of a well-supplied market amid higher output from mining groups such as BHP Billiton and signs of subdued demand from top consumer China.
*Freeport expects 18 pct rise in copper sales this year. LONDON, Jan 23- Copper was steady on Wednesday at around 1-1/ 2- week highs, but prices were capped by signs of a well supplied market amid higher output from mining groups such as BHP Billiton. Overhanging copper is this sense that supply generally is improving, "said analyst David Wilson at Citigroup in London."
LONDON, Jan 23- Gold was stuck below a one-month high on Wednesday as progress in talks about the U.S. debt limit reduced gold's appeal as a safe-haven, offsetting monetary easing this week. Recent upbeat data from China and the United States and monetary easing in Japan had triggered rallies in equities and precious metals.
Hamish Tyrwhitt, CEO of Leighton Holdings, Australia's largest construction company, tells CNBC that the demand for volume in mining remains and they see a doubling of energy demand over the next decade.
LONDON, Jan 23- Reuters has released the latest exclusive surveys on the outlook for major traded commodities. >Small gains for copper in 2013 as China's economy slows. >Iron ore loses steam as supply offsets China demand.
BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.
*No change in fundamentals, China market quiet- trader. SINGAPORE, Jan 23- Copper edged down on Wednesday, but stayed near its highest in more than a week hit the previous day after the Bank of Japan announced aggressive monetary stimulus, while physical buying in China was quiet ahead of holidays next month.
The increase was slightly below analysts' forecasts, but the shortfall is unlikely to dent the ever-rising tonnages of Australian iron ore bound for the world's top buyer China, where demand growth is expected to slow this year.
SINGAPORE, Jan 23- Copper steadied on Wednesday, remaining close to its highest in more than a week hit the previous session after the Bank of Japan announced aggressive monetary stimulus, while physical buying in China was modest ahead of next month's holidays.
Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.