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.» Read More
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.
*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.
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.
July 8- California regulators violated the law by approving expanded use of pesticides that have been shown to hurt honeybees needed for pollinating key American crops, according to a lawsuit filed against the state by environmental groups on Tuesday.
NEW YORK— Alcoa Inc. on Tuesday reported a second-quarter profit of $138 million, reversing a year-ago loss, and the results beat analysts' expectations. Alcoa has struggled in recent years with low aluminum prices and has increased its focus on making sheets and other products for manufacturers of airplanes and autos, who value aluminum for its light weight.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 02 or. 1 percent, to $18.33. Newmont Mining Corp. fell$. 23 or. 9 percent, to $24.50.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.30. Pan American Silver Corp. fell$. 18 or 1.2 percent, to $15.17. Silver Standard Resources Inc. rose$. 02 or. 2 percent, to $8.71.
NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 20 or. 4 percent, to $51.03. DuPont Co. fell$. 31 or. 5 percent, to $65.33.
Arch Coal fell$. 13 or 3.8 percent, to $3.27. Consol Energy Inc. fell$. 66 or 1.5 percent, to $43.89. Peabody Energy rose$. 09 or. 6 percent, to $16.09.
*Palladium hits 13- year peak at $873.75/ oz. NEW YORK/ LONDON, July 8- Palladium rose for the 12th straight session to the highest level in more than 13 years on Tuesday, on supply concerns in South Africa, and firm demand in major car making markets China and the United States.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 01 or. 1 percent, to $18.30. Newmont Mining Corp. rose$. 09 or. 4 percent, to $24.82.
Hecla Mining Co. rose$. 04 or 1.1 percent, to $3.37. Pan American Silver Corp. rose$. 07 or. 5 percent, to $15.42. Silver Standard Resources Inc. rose$. 23 or 2.6 percent, to $8.92.
NEW YORK— Shares of some top chemicals companies are down at 10 a.m.:. Dow Chemical Co. fell$. 54 or 1.1 percent, to $50.69. DuPont Co. fell$. 62 or. 9 percent, to $65.02.
Arch Coal fell$. 07 or 2.1 percent, to $3.33. Consol Energy Inc. fell$. 71 or 1.6 percent, to $43.84. Peabody Energy fell$. 11 or. 7 percent, to $15.89.
SOUTH PORTLAND, Maine— City Council is expecting another large turnout when it takes up a proposed ordinance that would prohibit loading tar sands crude oil onto ships. That ordinance was designed to prevent Portland Pipe Line Corp. from bringing tar sands oil into the city from Canada via underground pipe.
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.
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