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  • STRASBOURG, France, Nov 26- The European Commission presented a 300 billion euro plan on Wednesday to boost Europe's stagnant economy, but some doubted private investors would stump up the funds, 15 times the EU contribution, needed to make it work. France and Italy, which have been demanding action to boost economic growth, cautiously welcomed the scheme but some...

  • *Sources say China ready to cut rates again. LONDON, Nov 24- Copper prices slipped on Monday, reversing hefty gains from the previous session which followed China's surprise interest rate cut, as investors focused on the uncertain outlook for metals demand from the world's top consumer. Three-month copper on the London Metal Exchange was down 0.5 percent at...

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Nov 24- What was lacking at BHP Billiton's annual meeting was an admission that what has effectively happened with iron ore is that the company's shareholders are subsidizing the profits of Chinese steel mills. It was around this time that BHP, its Anglo-Australian rival Rio Tinto, newcomer Fortescue...

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel climbed to a five-week top on Friday, on track for its biggest weekly gain since early May, as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the...

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel rose on Friday and was on track for a five percent weekly rise as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the Philippines after Indonesia,...

  • 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...