SYDNEY, Aug 28- Copper drifted in low volume trade on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand. *The most-traded October copper contract on the Shanghai Futures Exchange eased 0.2 percent to 50,330 yuan a tonne.» Read More
LONDON, March 17- Glencore Xstrata could reach an agreement as soon as this week over the sale of its large Peruvian copper mine Las Bambas to a Chinese consortium led by Minmetals, two sources with knowledge of the situation said.
*Some 30 pct of capacity may be forced to leave mkt in 3 yrs- China Hongqiao CEO. HONG KONG, March 17- Major aluminium producer China Hongqiao Group Limited expects its production to rise by about 20 percent this year even as overcapacity could force some smaller producers into bankruptcy.
*ShFE copper premiums slip by $5 to $120- $140- Shmet. SYDNEY, March 17- London copper fell on Monday, hovering close to last week's three-year lows on concerns about Chinese growth and the potential for further defaults that encouraged fresh bets that prices will fall.
TOKYO, March 17- Tokyo Steel Manufacturing Co will maintain current product prices for delivery in April as customer stockpiles grow after a winter freeze and labour shortages curbed construction projects, said the country's top electric furnace steelmaker.
The Fed's custody holdings report is usually a sleeper, but this week there was a whopping withdrawal by a central bank. Speculation is it was Russia.
March 14- Trinseo SA, a plastics maker backed by Bain Capital, filed again with U.S. regulators to raise up to $200 million in an initial public offering of common stock.
*Gold miners sell production up to a year forward. *Hochschild, Detour, Petropavlovsk among the hedgers. "I see a short-term hedge as a weapon in the arsenal of a financial director to protect the company and generate some short to medium-term security," said Markus Bachmann, manager of precious metals and global resources funds at Craton Capital.
*Acquisition prospects in Asia white cement. ROME, March 14- Italy's Cementir group is looking at acquisition opportunities to strengthen its position in white cement and could finalise a deal within 12 months, possibly in Asia, chief executive Francesco Caltagirone said.
LONDON, March 14- Metals markets are nervous that nearly half a million tonnes of hidden zinc may be delivered on the London Metal Exchange next week, shaking a market unsure about the extent of further concealed stocks.
*Mechel should repay $1 bln of debt this year. MOSCOW, March 14- Russia may again have to step in to help coal and steel group Mechel after the country's largest private bank asked for the early repayment of a $150 million loan.
General Motors is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles.
*Mechel shares down 14 pct in Moscow, underperforming index. MOSCOW, March 14- Indebted Russian coal miner and steelmaker Mechel is in talks with lenders on refinancing and early debt repayment, the company said on Friday.
MOSCOW, March 14- Russian coal miner and steelmaker Mechel is in talks with Alfa Bank, Russia's largest private bank, on paying off a $150 million debt early, Mechel said on Friday. The company's press-service said in an emailed comment that Alfa Bank had asked for the early repayment and the two sides were in discussions.
STOCKS OF RUSSIAN UTILITIES, STEELMAKERS, BANKS FALL SHARPLY ON FRIDAY.
SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will restructure non-steel businesses and not make any major investment in increasing steelmaking capacity, in a marked break from the strategy of his predecessor.
SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will sell non-core assets and list some affiliates to shore up its balance sheet, shying away from major new investments in a marked break from his predecessor's strategy.
SEOUL, March 14- POSCO's new chief executive said the steelmaker will shy away from expanding manufacturing capacity for the time being, and raise cash by selling non-core assets and by listing some affiliates- a marked break with the strategy set by his predecessor.
NEW YORK, March 13- General Motors Co is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles, even if some would-be plaintiffs are barred from suing the auto maker under the terms of its emergence from bankruptcy in 2009..
WINNIPEG, Manitoba, March 13- Two junior potash producers working in unusual locations look set to shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa, two of the world's most promising but under-served fertilizer markets.
Stocks tumbled amid concerns events surrounding Ukraine are escalating and China's slowing growth will rub off on the global economy and bite corporate profits.
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