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*Gold reverses losses but still near two-year low of $1,321.35 Fed needs to see more from economy before scaling back bond-buying- Bernanke. SINGAPORE, May 23- Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending investors back to the precious metal despite expectations the U.S.
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SINGAPORE, May 23- London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns the United States may pull back on its bond-buying program.
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*Copper rallied to $7,533.75 a tonne in the previous session, its highest since April 12, but remains mired in losses of 7 percent for the year. *The most-traded September copper contract on the Shanghai Futures Exchange lost 0.75 percent to 53,080 yuan a tonne.
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LyondellBasell Industries NV said Wednesday that it will buy back shares, increase its dividend and update its board. LyondellBasell said that shareholders at the company's annual meeting approved a plan to repurchase up to 10 percent of the company's outstanding stock.
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Pan American Silver Corp. rose$. 09 or. 7 percent, to $12.37. Silver Standard Resources Inc. rose$. 15 or 2.2 percent, to $6.88. Silver Wheaton rose$. 53 or 2.4 percent, to $22.91.
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Barrick Gold Corp. rose$. 13 or. 7 percent, to $19.50. Gold Fields Ltd ADS rose$. 08 or 1.4 percent, to $5.86. Newmont Mining Corp. rose$. 02 or. 1 percent, to $31.96.
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NEW YORK-- Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 66 or 1.8 percent, to $35.12. DuPont Co. fell$. 81 or 1.4 percent, to $55.57.
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Arch Coal fell$. 22 or 4.0 percent, to $5.33. Consol Energy Inc. fell$. 18 or. 5 percent, to $35.26. Peabody Energy fell$. 23 or 1.1 percent, to $20.94.
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*Gold falls as Bernanke cautions about low US rates. *Copper hits 6- week high after no word on Grasberg restart. Copper hit a six-week high on a continued production outage at Indonesia's Grasberg copper mine after a tunnel collapse that killed 28 workers at the world's second-largest copper mine.
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MEXICO CITY, May 22- Mexico sees total mining investment between 2013-2018 of at least $25 billion, holding steady or rising slightly from the previous six years despite the prospect of less favorable metals prices, Mexico's top government mining official told Reuters on Wednesday.
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Hecla Mining Co. rose$. 04 or 1.2 percent, to $3.41. Pan American Silver Corp. rose$. 24 or 2.0 percent, to $12.52. Silver Standard Resources Inc. rose$. 22 or 3.3 percent, to $6.95.
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NEW YORK-- Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 34 or 1.8 percent, to $19.71. Newmont Mining Corp. rose$. 42 or 1.3 percent, to $32.36.
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NEW YORK-- Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose$. 07 or. 2 percent, to $35.85. DuPont Co. rose$. 18 or. 3 percent, to $56.56.
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Arch Coal rose$. 01 or. 2 percent, to $5.56. Consol Energy Inc. rose$. 35 or 1.0 percent, to $35.79. Peabody Energy fell$. 06 or. 3 percent, to $21.11.
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WINNIPEG, Manitoba, May 22- Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.
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LONDON, May 22- Copper hit a six week high on Wednesday as a production outage at the world's second-largest copper mine looked set to continue, though gains were capped as investors digested comments on monetary easing from the U.S.
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Barrick Gold Corp. rose$. 50 or 2.6 percent, to $19.87. Gold Fields rose$. 10 or 1.7 percent, to $5.88. Newmont Mining Corp. rose$. 70 or 2.2 percent, to $32.64.
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Hecla Mining Co. rose$. 06 or 1.8 percent, to $3.43. Pan American Silver Corp. rose$. 41 or 3.3 percent, to $12.69. Silver Standard Resources Inc. rose$. 22 or 3.3 percent, to $6.95.
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Arch Coal rose$. 05 or. 9 percent, to $5.60. Consol Energy Inc. rose$. 52 or 1.5 percent, to $35.96. Peabody Energy rose$. 26 or 1.2 percent, to $21.43.
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NEW YORK-- Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 06 or. 2 percent, to $35.72. DuPont Co. rose$. 02 or percent, to $56.40.