Arch Coal rose$. 10 or 1.9 percent, to $5.43. Consol Energy Inc. rose$. 42 or 1.2 percent, to $35.68. Peabody Energy fell$. 31 or 1.5 percent, to $20.63.» Read More
SINGAPORE, Feb 13- London copper was little changed on Wednesday, underpinned by growing hopes China's consumers will restock after the Lunar new year. *Copper has broken decisively above the $8,000 mark this year to trade in an $8,150- $8,350 band in February, up almost four percent year to date.
*Palladium added $2.22 an ounce to $771.22 after rising to $772 on Tuesday, its highest since September 2011. *PGMs have soared in value since the middle of last year due to concerns about shrinking output blamed on mining disruptions in South Africa and a drop in supply from Russia.
NEW YORK/ LONDON, Feb 12- Gold rebounded from a six-week low to trade flat on Tuesday as the dollar fell, while palladium hit 17- month highs after funds chased up prices of the jewelry- and autocatalytic- making metal deemed to be in short supply.
By Barani Krishnan and Clara Denina. NEW YORK/ LONDON, Feb 12- Gold rebounded from a six-week low to trade flat on Tuesday as the dollar fell, while platinum hit 17- month highs after funds chased up prices of the jewelry- and autocatalytic- making metal deemed to be in short supply.
WASHINGTON, Feb 12- Booming shale gas production is reshaping the energy outlook in the United States and Washington must re-examine how it regulates natural gas development and exports, lawmakers said on Tuesday.
The Singapore Exchange was the first to launch an iron ore contract in 2009 and currently clears more than 90 percent of market volumes, but other exchanges are strengthening their offerings to cash in on this fledgling market. Among them is IntercontinentalExchange Inc, which on Monday launched two iron ore swap futures contracts.
NEW YORK/ SINGAPORE, Feb 12- I ntercontinentalExchange Inc may struggle to wrest much business from Asian rival Singapore Exchange as U.S.-based ICE embarks on its latest push into the lucrative, 115- million-tonne market for iron ore swaps.
*Balance between price, volume needed- Agrium. If that dropped to 50 percent as competitors open new mines, "reasonable economic players" will simply not implement the current strategy stressing price rather than volume, Vladislav Baumgertner, chief executive of Russia's Uralkali OAO, told Reuters in an email. "
FRANKFURT, Feb 12- ThyssenKrupp AG, Germany's biggest steelmaker, warned that the coming months would remain bleak after weak steel and car markets caused a drop in profit, and said it did not expect a return to growth until the next financial year.
MEXICO CITY, Feb 12- Mexican conglomerate Alfa on Tuesday posted a fourth-quarter profit of 1.497 billion pesos, an increase of 57 percent from the 952.6 million peso profit logged in the same period a year ago.
SINGAPORE, Feb 12- London copper was stuck in a holding pattern on Tuesday with traders reluctant to take big positions due to a week-long holiday in top consumer China, with markets also largely shrugging off a nuclear test by North Korea.
FRANKFURT, Feb 12- ThyssenKrupp AG, Germany's biggest steelmaker, warned it saw no global economic recovery this year after a slump in steel prices and weak car markets caused a 38 percent drop in quarterly core profit.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Feb 12- The increasingly strident calls by some Australian politicians to either tighten or scrap the country's controversial mining profits tax ignore that the measure is working as it is supposed to.
SINGAPORE, Feb 12- London copper was stuck in a holding pattern on Tuesday with traders reluctant to take big positions due to a week-long holiday in top consumer China, while brightening economic prospects there and in the United States underpinned prices.
*Rio Tinto kicks off results on Feb. 14. MELBOURNE/ LONDON, Feb 11- Global mining companies are set unveil their biggest falls in profit in more than a decade and are clearing the decks with multibillion-dollar writedowns on poorly performing assets as they bring in new chief executives.
*Coming up: France Industrial output mm at 0745 GMT. SINGAPORE, Feb 11- Gold shrugged off a weaker euro to edge up on Monday, with thin trade due to the Lunar New Year break exaggerating movements, while platinum and palladium hovered below their strongest levels in 17 months. "
SINGAPORE, Feb 11- London copper edged down on Monday as the Lunar New Year holiday in much of Asia drained liquidity from the market, but prices were underpinned by robust Chinese trade data last week that showed demand growth reviving in the world's top metals consumer. *The Shanghai Futures Exchange is closed this week for the Lunar New Year.
SINGAPORE, Feb 11- Gold shrugged off a weaker euro to edge up in thin trade on Monday with much of Asia shut for the Lunar New Year holiday, while platinum and palladium hovered below their strongest levels in 17 months. *Spot gold had risen $1.36 an ounce to $1,668.25 by 0042 GMT.
*Ban adds to mounting problems in Colombia's coal industry. BOGOTA, Feb 9- Colombia's top coal railway, Fenoco, will comply with a ban on nighttime trains issued by a regional environmental authority to reduce noise, the company said late on Friday.
BOGOTA, Feb 8- Colombian President Juan Manuel Santos on Friday sent his labor minister to mediate a dispute over wages and benefits at the country's largest coal exporter after its workers went on strike.