WASHINGTON, July 10- U.S. steel producers on Thursday accused Russia of flooding the market with cheap flat-rolled steel, challenging a 15- year trade deal and potentially reigniting a decades-old dispute over imports amid heightened tensions between Washington and Moscow.» Read More
The Kentucky Coal Association argued in a lawsuit filed Thursday that the TVA did not follow proper federal procedure and its own rules in deciding to close the units at the Paradise Fossil Plant in western Kentucky. Scott Brooks, a TVA spokesman, said Thursday in an email that TVA believes it "fully complied with our obligations on the Paradise decision."
NEW YORK— Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. rose$. 05 or. 1 percent, to $51.25. DuPont Co. fell$. 11 or. 2 percent, to $64.93.
Arch Coal rose$. 02 or. 6 percent, to $3.25. Consol Energy Inc. fell$. 24 or. 5 percent, to $43.87. Peabody Energy fell$. 01 or. 1 percent, to $16.01.
Hecla Mining Co. rose$. 03 or. 7 percent, to $3.48. Pan American Silver Corp. rose$. 02 or. 1 percent, to $15.64. Silver Standard Resources Inc. fell$. 03 or. 3 percent, to $9.18.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 17 or. 9 percent, to $19.07. Newmont Mining Corp. rose$. 27 or 1.1 percent, to $25.80.
*China copper imports fall 7.9 pct on month in June. LONDON, July 10- Nickel prices slid on Thursday as inventories rose, giving investors a reminder of an overhang of material despite an Indonesian export ban. Copper rebounded after upbeat U.S. jobs data raised the prospect of higher demand for industrial metals.
CHARLESTON, W.Va.— A new study shows a chemical that spilled into West Virginia's biggest drinking water supply in January could be more toxic than a previous test indicated. University of South Alabama researcher Andrew Whelton released findings Thursday from crude MCHM toxicity tests on water fleas.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 39 or 2.1 percent, to $19.29. Newmont Mining Corp. rose$. 42 or 1.6 percent, to $25.95.
Hecla Mining Co. rose$. 04 or 1.2 percent, to $3.49. Pan American Silver Corp. rose$. 02 or. 1 percent, to $15.64. Silver Standard Resources Inc. rose$. 19 or 2.0 percent, to $9.40.
Arch Coal fell$. 06 or 1.8 percent, to $3.17. Consol Energy Inc. fell$. 45 or 1.0 percent, to $43.67. Peabody Energy fell$. 14 or. 9 percent, to $15.88.
NEW YORK— Shares of some top chemicals companies are down at 10 a.m.:. Dow Chemical Co. fell$. 30 or. 6 percent, to $50.90. DuPont Co. fell$. 37 or. 6 percent, to $64.67.
*China copper imports fall 7.9 pct on month in June. LONDON, July 10- Nickel prices slid on Thursday as inventories rose, reminding investors of an overhang of material despite an Indonesian export ban, while copper dipped on weak Chinese import figures. Benchmark nickel on the London Metal Exchange shed 1.9 percent to $19,150 a tonne by 1421 GMT.
*China copper imports fall 7.9 pct on month in June. *Codelco to cancel some shipments to China in H2- sources. In top copper consumer China, data showed its trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilize the economy.
RICHMOND, Va.— A South Korean chemical company has agreed to pay $2 million to settle a criminal complaint alleging attempted theft of a competitor's trade secrets. The complaint against Toray Chemical Korea Inc. was filed Wednesday in U.S. District Court in Richmond.
Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows. Gold for August delivery rose $7.80 to settle at $1,324.30 an ounce on Wednesday. Platinum for October rose $10.40 to $1,506.90 an ounce while palladium for September slipped 20 cents to $872.70 an ounce.
LONDON, July 9- Zinc steadied on Wednesday but stayed near the previous session's 3- year high as investors held firm to the view that the metal will face shortages due to mine closures and is currently a good proxy for recovering global growth. Copper prices hovered near their highest in almost five months, while aluminum touched a fresh 13- month top.
*Palladium hits new 13-1/ 2 year peak. NEW YORK/ LONDON, July 9- Gold edged higher on Wednesday, holding above $1,320 an ounce, as investors bought into bullion-backed funds anticipating a modest or downbeat assessment of the U.S. economy in Federal Reserve's latest meeting minutes. Palladium rose to a 13-1/ 2 year high for a second day, and platinum rallied too.
ST. LOUIS— A leading U.S. coal company is suing a rival with which it shared confidential business plans during a deal that later fizzled, saying the competitor used the proprietary details to buy up land in southern Illinois to thwart the accuser's expansion plans.
LONDON, July 9- The export of hidden Chinese tin stocks is likely to be behind a puzzling rise in London Metal Exchange inventories that has frustrated investors who expected to see shortages this year.
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.
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