South Korea's trade ministry said in a statement that the high U.S. tariffs on Korean steel pipes- over $100 million annually- put them at a price disadvantage compared with imports from India and other countries. The U.S. International Trade Commission ruled in August that "oil country tubular goods" imports from South Korea, India, Taiwan, Turkey, Ukraine and...» Read More
SYDNEY, July 2- London copper eased from its highest in nearly four months on Wednesday as summer holidays in the northern hemisphere drained the market of direction, although an upbeat global manufacturing outlook and low exchange stocks underpinned prices.
SINGAPORE, July 2- Gold was trading close to a three-month peak on Wednesday boosted by a second straight day of inflows into the top bullion-backed fund, while platinum held sharp overnight gains to trade at a near 10- month high on supply worries. *Gold was also supported by safe-haven bids from geopolitical tensions in Iraq and Ukraine.
*Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, boosted by new positioning by funds at the start of the quarter and long-term supply worries despite the end of South Africa's mining strike.
Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, extending its rally to a fourth consecutive session, boosted by long-term supply worries, despite the end of South Africa's mining strike.
*Copper stocks rise for first time in a month. *Indonesia's biggest tin miner halts exports for two weeks. "I think we're seeing a bit of profit taking and also some producer activity," said analyst Robin Bhar at Societe Generale in London.
*BNP Paribas rises on relief at U.S. sanctions settlement. LONDON, July 1- European shares began the month with a gain, as BNP Paribas rose on relief it had settled a U.S. sanctions case and mining companies rallied after encouraging economic data came out of China, the world's top metals consumer.
MOSCOW, July 1- Russian aluminum giant Rusal has approval for a $3.6 billion debt restructuring deal from another of its creditors German financial services provider Portigon AG, two sources familiar with decision said. The deal has yet to be approved by one creditor- Britain's part-nationalized lender Royal Bank of Scotland, one source told Reuters.
DOHA, July 1- Saudi Arabian Mining Co has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.
*Copper stocks rise for first time in a month. Three month zinc on the London Metal Exchange shed 0.82 percent to $2,198.75 a tonne by 0921 GMT after touching a session high of $2,222, the strongest since Feb. 13, 2013. "I think we're seeing a bit of profit taking and also some producer activity," said analyst Robin Bhar at Societe Generale in London.
--Clyde Russell is a Reuters columnist. Spot Asian iron ore ended last week at $94.90 a tonne, a gain of 3 percent from the prior week, with prices bolstered by an improvement in the outlook for manufacturing in China following the June HSBC flash Purchasing Managers' Index showing expansion for the first time in six months.
SEOUL, July 1- South Korean steelmaker POSCO said in a statement on Tuesday it has slashed its monthly stainless steel prices for July by 200,000 Korean won a tonne to reflect easing nickel prices, swinging back to price levels from a month earlier.
SYDNEY, July 1- London copper hit its loftiest in nearly four months on Tuesday and zinc approached its highest in almost three years, both propped up by shrinking supply and expansion in China's vast factory sector.
*Solvay boosts European chemicals sector. LONDON, June 30- European equities steadied on Monday, as gains in chemicals companies led by the Belgian group Solvay were offset by weaker travel stocks after a ratings downgrade caused easyJet shares to slump. European chemicals shares rose 0.6 percent, boosted by Solvay.
*Deal comes after Sherwin-Williams's failed deal for Comex. June 30- Paints maker Consorcio Comex SA de CV agreed to be acquired by chemicals maker PPG Industries Inc for $2.3 billion, after the Mexican company's deal with U.S. rival Sherwin-Williams Co fell through earlier this year.
June 30- Coatings maker PPG Industries Inc said it would buy Mexico- based Consorcio Comex SA de CV, an architectural and industrial coatings company, for $2.3 billion.
LONDON, June 30- Copper dipped on Monday as investors waited for further signs of U.S. growth, but the metal was on track for its second straight monthly gain on tight supply and hopes of solid demand from China.
June 27- Univar Inc, the largest chemical distributor in North America, filed with U.S. regulators on Friday for an initial public offering of up to $100 million.
*Gold set for 3 pct Q2 gain, underperforming complex. *Platinum, palladium up on S.African energy worries.
LONDON, June 27- Copper slipped after hitting its highest in 3-1/ 2 months on Friday, spurred by hopes that an improved outlook for the world's No. 2 economy may strengthen demand just as supply side dynamics are tightening.
June 26- Alcoa Inc, the company that helped create the aluminum industry more than a century ago, is reinventing itself as a manufacturer of specialized components for aerospace and automotive customers, including some that contain no aluminum at all.
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