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  • *Citigroup says spot price could drop to $53 later in year. *China steel output seen slipping in 2015. SINGAPORE, Jan 28- A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed.

  • BAGHDAD, Jan 28- Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical...

  • BAGHDAD, Jan 28- Royal Dutch Shell signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical producer...

  • Research by Morgan Stanley, published on Jan. 25, said that oil and diesel made up between 9 and 12 percent of the total production costs for bulk commodities such as coal, iron ore and bauxite, but only 3 to 5 percent for metals. The spot price of iron ore in Asia dropped to a 5-1/ 2- year low of $62.80 a tonne on Tuesday, and is down 67 percent from its peak of $191.90 reached...

  • PRECIOUS-Gold holds above $1,290 ahead of Fed decision Tuesday, 27 Jan 2015 | 10:38 PM ET

    *Fed may keep status quo, gold seen at $1,270- $1,290- Phillip. SINGAPORE, Jan 28- Gold steadied above $1,290 an ounce on Wednesday, largely clinging to gains from the previous session, as focus turned to whether a weaker global economy may curb the U.S. The Fed will probably stick to the status quo and if that proves to be true then gold should continue to hover between...

  • Final Glance: Silver companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Hecla Mining Co. rose$. 06 or 1.8 percent, to $3.42. Pan American Silver Corp. rose$. 41 or 3.6 percent, to $11.92. Silver Standard Resources Inc. rose$. 33 or 5.0 percent, to $6.88.

  • Final Glance: Coal companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Arch Coal fell$. 04 or 3.8 percent, to $1.00. Consol Energy Inc. fell$. 37 or 1.2 percent, to $30.68. Peabody Energy fell$. 43 or 6.4 percent, to $6.24.

  • Final Glance: Chemicals companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 39 or. 9 percent, to $44.17. DuPont Co. fell$. 93 or 1.3 percent, to $73.18.

  • Final Glance: Gold companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    Barrick Gold Corp. rose$. 42 or 3.3 percent, to $13.11. Gold Fields Ltd ADS rose$. 24 or 4.4 percent, to $5.74. Newmont Mining Corp. rose$. 65 or 2.7 percent, to $25.14.

  • Caterpillar and Microsoft are big market movers Tuesday, 27 Jan 2015 | 4:32 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Caterpillar Inc., down $6.18 to $79.85. Freeport-McMoRan Inc., down $1.18 to $18.38.

  • Jan 27- Coal miner Peabody Energy Corp slashed its quarterly dividend as it strives to rein in costs amid tepid demand, due to expectations that prices of natural gas, a cheaper alternative to steam coal, would remain weak in 2015.. The miner cut its quarterly dividend by 97 percent to 0.25 cents per share from 8.5 cents, sending its stock plunging as much as 9 percent...

  • NEW YORK/ LONDON, Jan 27- Gold rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Gold hit a five-month high of $1,306.20 on Thursday. "February options expiry today is helping gold, also of course the weak dollar, weak politics in areas," said George Gero, precious metals strategist for RBC Capital markets in New York.

  • Midday Glance: Chemicals companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 47 or 1.1 percent, to $44.09. DuPont Co. fell $1.57 or 2.1 percent, to $72.54.

  • Midday Glance: Coal companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Arch Coal fell$. 02 or 1.9 percent, to $1.02. Consol Energy Inc. fell$. 33 or 1.1 percent, to $30.72. Peabody Energy fell$. 28 or 4.1 percent, to $6.40.

  • Midday Glance: Gold companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 35 or 2.8 percent, to $13.04. Newmont Mining Corp. rose$. 63 or 2.6 percent, to $25.12.

  • Midday Glance: Silver companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    Hecla Mining Co. rose$. 04 or 1.2 percent, to $3.40. Pan American Silver Corp. rose$. 20 or 1.7 percent, to $11.71. Silver Standard Resources Inc. rose$. 18 or 2.7 percent, to $6.73.

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset weakness in mining equipment orders due to lower prices for copper, coal and iron ore and a drop in...

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments. Nucor also forecast its profit for the first quarter to be slightly higher than the $111 million, or 35 cents per share, it reported a year earlier. Net profit attributable to Nucor rose 23 percent...

  • SAN FRANCISCO— Thieves in a stolen SUV smashed through the glass doors of the Wells Fargo History Museum in downtown San Francisco before dawn Tuesday and made off with up to 10 ounces of historic gold nuggets worth roughly $10,000, police said. Robbers in Northern California have targeted precious metals in museum displays before and the tactics of the heist...

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