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Materials and Metals

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  • Since 1997, FDA has operated under a proposed rule that allows food manufacturers to get new food additives onto the market by notifying FDA that they are generally recognized as safe. In February, the non-profit Center for Food Safety sued FDA, alleging that the agency failed to follow legal rulemaking requirements. "For more than 17 years, FDA has imposed a lax...

  • *Gold expected to average $1,270 this year, $1,225 in 2015. *Platinum seen rising to $1,477.50 next year. LONDON, Oct 20- Gold prices will lag industrial precious metals platinum and palladium in 2015, analysts polled by Reuters predict, as a gradually stabilising world economy favours raw materials over so called "defensive" assets.

  • Oct 20- Specialty chemicals company Platform Specialty Products Corp said it will buy rival Arysta LifeScience Ltd from a company backed by private equity firm Permira for about $3.51 billion. The company said it expects the deal to immediately add to adjusted earnings per share. The deal is expected to be "highly complementary" to Platform's crop protection...

  • METALS-Copper slips as Chinese growth, supply weighs Monday, 20 Oct 2014 | 6:46 AM ET

    *Copper unable to build on Friday's higher finish. SYDNEY/ LONDON, Oct 20- Copper stayed relatively weak on Monday, struggling to make headway after sliding to six month lows in the previous session, with uncertainty over China's economic growth and a firmer dollar against its main currency rivals. Analysts said that while uncertainty over growth in...

  • Saudi crude exports have been sliding in the past few months as shale oil squeezes Saudi oil out of U.S. markets and as demand in Asia, particularly in China, has been slower than expected. North America's shale boom has started to squeeze Saudi oil out of the U.S. market, the International Energy Agency said in a report last month, estimating Saudi exports would run...

  • *Copper unable to build on Friday's higher finish. SYDNEY, Oct 20- London copper futures fell on Monday after hitting their lowest levels in six months in the previous session, hurt by worries over rising stocks, China's economic growth and the impending end of U.S. monetary stimulus. "Copper is looking weak from a supply and demand perspective," said a metals trader...

  • SYDNEY/ LONDON Oct 20- As metals executives fly into London for the industry's most glamorous week, its best years may be over as sinking metals prices and rising costs tear holes in budgets, and the industry epicentre heads east. For decades, heavyweights in the metals business have met in London each October to hammer out the ensuing year's terms of trade, based...

  • *Copper unable to build on higher finish on Friday. Copper has some of the weakest fundamentals among base metals as a wave of fresh supply works its way into the market. "Copper is looking weak from a supply and demand perspective," said a metals trader in Sydney.

  • SYDNEY, Oct 20- London copper inched down on Monday after climbing in the last session from its lowest in around six months, hit by worries over the end of U.S. stimulus. *The Thomson Reuters/ University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. *In nickel markets, Brazil's Vale SA sees a...

  • Oct 17- Cliffs Natural Resources Inc said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent. We believe this will result in higher interest rate on revolver borrowings going forward, " FBR Capital Markets analysts wrote in a note.

  • *Platinum, palladium recover after sharp losses. NEW YORK/ LONDON, Oct 17- Gold dropped on Friday as U.S. equities rebounded but was still set for a second straight weekly gain as concerns over the global economy have raised speculation that the U.S. "Gold has had a good week because just about everything else has had a bad week," Macquarie analyst Matthew Turner said.

  • LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...

  • SANTIAGO, Oct 17- The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply. Chile is expected to produce a record 5.83 million tonnes of copper this year, rising to 6.23 million next year, state copper commission...

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold inched down on Friday as shares rebounded, but was still set for a second straight weekly gain as concerns over the global economy have raised speculation the U.S. "Gold has had a good week because just about everything else has had a bad week.

  • Copper was the weakest metal, bouncing slightly after hitting six-month lows on concern about a surge of mine supply swamping the market. Copper is widely regarded as having some of the weakest fundamentals among base metals as a wave of fresh supply from new and expanded mines works its way onto markets. Highlighting worries about more supply was a 17.5...

  • Oct 17- Miner Cliffs Natural Resources Inc said it expects to take a $6 billion charge to write down the value of some coal and iron ore assets in the third quarter due to weak prices for both commodities. Coal prices have halved over the past three years as a result of rising output from Australia, Indonesia, South Africa, Colombia and the United States and sluggish...

  • *Platinum, palladium recover after sharp losses. LONDON, Oct 17- Gold edged down on Friday as shares rebounded, although it was set for a gain for a second straight week as concerns over the global economy raised speculation the U.S. "There has been a move down in the dollar and equities this week, but in comparison the upside in gold has been relatively modest," ABN Amro...

  • Oct 17- Iron ore miner Cliffs Natural Resources Inc said it expects to take a $6 billion impairment charge on some coal and iron ore assets in the third quarter.

  • *China Q3 GDP figures next week to be closely watched. LONDON, Oct 17- Copper hit fresh six-month lows on Friday on concern about a surge of mine supply swamping the market and lingering jitters over global growth. Copper is widely regarded as having some of the weakest fundamentals among base metals as a wave of fresh supply from new and expanded mines works its way...

  • *China Q3 GDP figures next week to be closely watched. SYDNEY, Oct 17- London copper hit fresh six-month lows on Friday, as jitters over global growth returned to disrupt a fragile calm that had briefly shored up markets on signs of strength in the U.S. economy. Many countries are in recession and it's scary, "said analyst Ed Meir at broker INTL FCSTONE in New York.

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