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  • Quebec's ambitious Plan Nord mineral project goes south Thursday, 20 Nov 2014 | 5:54 PM ET

    MONTREAL/ VANCOUVER, Nov 20- A plan by the Canadian province of Quebec to spend billions to develop the mineral riches of its northern region has been dealt a crippling blow by the pending closure of a major mine as iron ore prices sink and China's interest wanes. But Plan Nord took a big hit on Wednesday, when Cliffs Natural Resources said it is closing its Bloom Lake...

  • ESSEN, Germany, Nov 20- Germany's biggest steelmaker ThyssenKrupp is resuming dividend payments a year earlier than expected, signalling confidence in a turnaround with the promise of a modest payout for shareholders after it beat profit forecasts. ThyssenKrupp said on Thursday it would pay 0.11 euros a share for the year to end-September.

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • LONDON, Nov 20- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage. In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months,...

  • *FTSEurofirst 300 down 0.4 pct, Euro STOXX 50 0.7 pct lower. *Technip weighs on France's CAC after CGG bid. France's CAC fell 0.7 percent, with Germany's DAX down 0.5 percent.

  • Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. But Whirlpool, General Motors, Ford Motor Co and Con-way, and other...

  • METALS-London nickel hits 5-week high as shortfall eyed Wednesday, 19 Nov 2014 | 10:59 PM ET

    *Coming up: euro zone Markit flash mfg PMI at 0900 GMT. SYDNEY, Nov 20- London nickel hit a five-week high on Thursday on expectations of a shortage of ore in China, as stainless steel makers run down their raw material stockpiles following an Indonesian ban on ore exports. "The chances of a supply gap are fairly high... but I don't think it's going to be as acute as consensus...

  • Nov 19- U.S.-based Cliffs Natural Resources may seek creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, its chief executive said on Wednesday. Lourenco Goncalves, who took the helm at Cliffs in August, told Reuters a filing in Canada to protect it from liabilities related to its Canadian operations...

  • Nov 19- Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. On Wednesday, Cliffs said it might have to close its Bloom Lake iron ore mine in Quebec at a cost of up to $700 million as it struggles to find funds to expand the project.

  • *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec at a cost of $600 million to $700 million as it struggles to find investment to expand the project. Analysts said the cost of shutting down Bloom Lake, which Cliffs expects to recognize over five years, was a major concern for...

  • LONDON, Nov 19- India's JSW Steel and Algeria's Cevital have submitted final bids for the troubled Lucchini Piombino steelmaking complex, Italy's second-largest steel producer, which is battling for survival. Lucchini was owned by Russia's Severstal, but was declared insolvent in 2012 and placed under special administration. The company said on Wednesday...

  • Nov 17- American Specialty Alloys said it plans to build a $1.2 billion aluminum mill in southeastern United States to tap into rising demand from the automotive industry. Boggs is making the switch to aluminum after almost a quarter of a century working in engineering and technology development for major steel producers including AK Steel, Severstal's...

  • BEIJING, Nov 14- China's bank lending tumbled in October and money supply growth cooled, raising fears of a sharper slowdown in the economy and prompting some economists to urge the government to ratchet up stimulus measures, including cutting interest rates. Chinese banks made a much less-than-expected 548.3 billion yuan worth of new loans in October, down 36...

  • China protectionism threatens commodity imports Thursday, 13 Nov 2014 | 6:20 PM ET

    Businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports.

  • SHANGHAI, Nov 14- As China lobbies world leaders to back its free trade plan at an Asia-Pacific summit this week, businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports. After months of lobbying by the China National Coal Association to limit imports, Beijing also...

  • Small Brazilian iron ore miners soldier on amid low prices Wednesday, 12 Nov 2014 | 10:24 AM ET

    Interviews with five iron ore "juniors" operating in Brazil showed players in this section of the industry, helped by cheap development bank loans and the flexibility to sell locally or abroad, are not being forced out of business at the pace larger rivals hope. The "big three" in iron ore, Brazil's Vale, Australia's BHP Billiton and Rio Tinto, argue the...

  • *India iron ore imports reach 5 mln T in Apr-Oct- industry data. SINGAPORE, Nov 11- India's iron ore imports jumped to a record 5 million tonnes in April-October, industry data showed, as a deepening shortage at home forces steelmakers to turn overseas for the raw material. But analysts warned that shipments to India, a country that holds vast reserves of iron ore and...

  • SINGAPORE, Nov 11- The world's biggest trading platform for spot iron ore cargoes, globalORE, is looking to launch a new contract next year to further boost volumes that hit record levels in October as prices tanked, its chief executive said. Cargoes of the steelmaking ingredient sold on the platform help determine benchmark spot prices that have this year...

  • *ANZ Bank cuts 2015 iron ore price forecast to $78/ T from $101. SYDNEY, Nov 10- Australia's ANZ Bank on Monday slashed its 2015 iron ore price forecast to an average $78 a tonne from $101, citing a mounting supply glut and weak demand for the steelmaking ingredient in China, the world's top importer. Morgan Stanley this month forecast iron ore would average $87 a tonne...

  • But his first five months as the prime minister has coincided with a surge in imports of both, denting his high-decibel drive to make India an export powerhouse. India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand. While India's...