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  • METALS-London zinc edges higher on supply concerns Monday, 10 Nov 2014 | 11:21 PM ET

    *China zinc market shows supply distress. SYDNEY, Nov 11- London zinc prices edged higher on Tuesday as supply concerns resurfaced following a strike at a Peruvian mine, while London copper was little changed after a near 1 percent drop in the previous session. "Speculators have driven prices higher recently on the basis that mine supply won't keep up with demand,"...

  • SINGAPORE, Nov 11- Brent crude traded around $82 a barrel on Tuesday, just above a four-year low hit last week, with a firm dollar and robust production from U.S. shale oil fields offsetting a drop in output in Libya. The price has fallen nearly 30 percent since late June and all eyes are on OPEC for indications of whether the oil cartel will cut prices at a meeting on Nov....

  • SINGAPORE, Nov 11- Citigroup has slashed its iron ore price forecast for 2015, predicting the steelmaking ingredient could drop below $60 per tonne in the most bearish estimate yet from a financial institution on the glut-hit commodity. Citigroup expects iron ore to average $60 a tonne in the third quarter of next year, down from a previous forecast of $78 and to...

  • *Sumitomo Metal Mining soars on outlook hike. TOKYO, Nov 11- Japan's Nikkei share average rose on Tuesday, buoyed by Wall Street gains and as the weaker yen helped exporters, but oil-related shares such as Inpex Corp underperformed after oil prices fell further. Sentiment was also boosted by the Bank Of Japan's move on Monday to purchase 38 billion yen of...

  • NYMEX-U.S. crude holds above $77 after steep fall Monday, 10 Nov 2014 | 8:35 PM ET

    SINGAPORE, Nov 11- U.S. crude held above $77 a barrel in early trade on Tuesday, with a firm dollar and robust production growth at U.S. shale oil fields balanced by geopolitical risks in Libya and Ukraine. *U.S. crude was down 3 cents at $77.37 a barrel by 0109 GMT. *JPMorgan Chase& Co has slashed its 2015 Brent price forecast by $33 to $82 per barrel, citing supply pressures...

  • Nov 10- Last week's ousting of Mongolia's prime minister is likely to delay talks on resolving a long-running dispute over the huge Oyu Tolgoi copper and gold mine in the mineral-rich country, joint-mine owner Turquoise Hill Resources Ltd said on Monday. Mongolia's parliament voted last week to remove Prime Minister Norov Altankhuyag amid concerns about a...

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • LAGOS, Nov 10- A Nigerian unit of France's Lafarge said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria. The deal will give Lafarge's Nigerian Cement Holdings complete control of the country's third-largest cement manufacturer. "Pursuant to the agreement, a first 15 percent...

  • The Iowa- based agricultural seed and chemical unit of DuPont this autumn harvested its first test crops of GMO corn in China in six years after lengthy efforts to win government approval for the new field trials. The company is pressing ahead while Monsanto Co is retreating from efforts to grow GMO crops in China amid mounting frustrations within the U.S. seed...

  • *ANZ Bank cuts 2015 iron ore price forecast to $78/ T from $101. SYDNEY, Nov 10- Australia's ANZ Bank on Monday slashed its 2015 iron ore price forecast to an average $78 a tonne from $101, citing a mounting supply glut and weak demand for the steelmaking ingredient in China, the world's top importer. Morgan Stanley this month forecast iron ore would average $87 a tonne...

  • But his first five months as the prime minister has coincided with a surge in imports of both, denting his high-decibel drive to make India an export powerhouse. India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand. While India's...

  • BEIJING, Nov 8- Global miner Rio Tinto, which gets 92 percent of its revenue from iron ore, is unfazed by the drop in ore prices and sticking to plans to raise output, chief executive Sam Walsh told Reuters in an interview. The Anglo-Australian miner, which rebuffed an approach from commodities trader Glencore Plc in August, is also confident of increasing returns to...

  • FRANKFURT/ LONDON, Nov 7- Buyout groups BC Partners, Onex and Partners Group are set to bid for Swiss packaging maker SIG Combibloc in an auction likely to raise less for seller New Zealand's Reynolds than initially seemed likely, sources familiar with the matter said. Reynolds, backed by New Zealand's richest man, is looking to sell SIG Combibloc to reduce debt.

  • OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC, Cinven, Permira and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food,...

  • LONDON, Nov 7- The price of spot iron ore has sunk to $75.50 per tonne this week, its lowest level since 2009.. It was only in April that José Carlos Martins, executive officer of ferrous and strategy at Vale, the world's largest producer of iron ore, told analysts that "one thing is for sure, the price will not go below $110 on a sustainable basis". Well, here we are with the...

  • OEP, which is 50 percent owned by JP Morgan, has received several expressions of interest from rival buyout groups such as CVC and EQT valuing Constantia at about 2 billion euros, they added. JP Morgan has been retained as an adviser to manage the sale of the maker of aluminium foil, paper and plastic-film packaging and labels for the food, pharmaceutical and...

  • PARIS, Nov 7- European shares rose in early trade on Friday, helped by positive corporate results from blue-chips including steelmaker ArcelorMittal as investors awaited key U.S. monthly jobs data. Shares in the world's largest steelmaker gained 3.6 percent after it reported a higher-than-expected profit in the third quarter and said improvements in its...

  • Oil prices have fallen 30 percent since late June and shares of such firms as U.S. Silica Holdings and Hi Crush, which supply sand to U.S. drillers, followed, dumped by investors anticipating 2015 output cuts and a drop in demand. "We have not seen any data or had any discussions that indicate lower demand for our sand," said Robert Rasmus, Co-Chief Executive Officer of...

  • It doesn't take much of a search to find media and analyst reports that reference softness in China's steel market as one of the major reasons for Asian spot iron ore's 43- percent decline this year to a five-year low of $75.60 a tonne on Thursday. It's not just news reports, analysts have also pointed to the slowing growth of China's economy.

  • METALS-London copper steady ahead of U.S. payrolls Thursday, 6 Nov 2014 | 8:51 PM ET

    SYDNEY, Nov 7- London copper was flat on Friday supported by easier policies in Europe and China and ahead of a key U.S. labour report, but the metal was set to see its biggest weekly fall since early October thanks to a strong dollar. *European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank's...

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