NEW YORK-- Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose$. 21 or. 6 percent, to $35.82. DuPont Co. rose$. 19 or. 3 percent, to $56.12.» Read More
SINGAPORE, Jan 25- London copper inched higher on Friday after solid economic data from China and the United States boosted faith in a global recovery, but it was set to close the week little changed, with consumer buying slow ahead of the Lunar New Year holidays.
LIMA, Jan 24- Workers at the main units of Southern Copper Corp in Peru will try to negotiate a new wage plan with the miner for another 15 days and refrain from going on strike for now, union leader Ricardo Juarez said on Thursday. A Southern Copper official declined immediate comment.
Jan 24- Cliffs Natural Resources Inc said it would write down the value of Consolidated Thompson Iron Mines Ltd by $1 billion as it expects lower volumes and higher costs in the business bought for more than $4 billion two years ago.
Jan 24- Canada's Agrium Inc raised its fourth-quarter earnings outlook on Thursday as strong grain and oilseed prices spurred demand for its fertilizer products in North America over the fall season.
DAVOS, Jan 24- The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said on Thursday.
Jan 24- Canadian fertilizer maker and farm products retailer Agrium Inc raised its fourth-quarter earnings forecast on Thursday, as strong grain and oilseed prices spurred demand for its fertilizer products over the fall season in North America.
HONG KONG, Jan 24- A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show.
*Estimate of potentially large shale oil, gas potential in South Australia. PERTH/ MELBOURNE, Jan 24- Shares in Linc Energy soared on Thursday, a day after the firm announced it was sitting on potentially large resources of shale oil in South Australia, although some experts urged caution since the estimate is at very early stage.
SINGAPORE, Jan 24- London copper drifted Thursday, supported by expansion in China's factories that fuelled confidence in the country's recovery although patchy reports from the U.S. corporate earnings season kept a lid on prices.
SYDNEY, Jan 24- Fortescue Metals Group, the world's fourth-largest iron ore miner, lifted shipments by 32 percent in the December quarter from a year ago, nearly all bound for Chinese steel mills. Fortescue said it expected volatile market conditions in China to stabilize in the near term.
MELBOURNE, Jan 24- Shares in Australia's Linc Energy rocketed 31 percent a day after it said two independent reports had confirmed it is sitting on potentially large resources of shale oil in South Australia.
SINGAPORE, Jan 24- London copper was steady on Thursday, supported by expansion in China's factories that fuelled confidence the country's recovery was gaining speed, although patchy reports over the U.S. corporate earnings season kept a lid on prices.
SINGAPORE, Jan 24- London copper was steady on Thursday but down from 11- day highs reached the session before, after mixed signals on the U.S. economy and as traders eyed key Chinese data for further signs of recovery in the world's top metals consumer.
Jan 23- Hedge fund manager David Einhorn, who delivered what he called "pedestrian" returns of 8 percent last year, said that he is bearish on iron ore and is now shorting some companies in the sector. He also said he bought back shares in Apple Inc, using the lower prices after the stock stumbled to make those moves.
*Sees additional $80 mln in costs for mine-expansion project. Jan 23- Rare earth producer Molycorp Inc warned of significantly lower revenue and cash flow for the first half of the year and said it will not generate enough money to fund the expansion of its main mine in California.
LONDON, Jan 23- Copper fell on Wednesday, dragged lower by indications of a well-supplied market amid higher output from mining groups such as BHP Billiton and signs of subdued demand from top consumer China.
*Praxair expects FY13 revenue to rise 7 pct. Jan 23- Industrial gas suppliers Praxair Inc and Air Products and Chemicals Inc expect their order backlog to prop up results this year despite weak economic growth in most of their markets.
*Freeport expects 18 pct rise in copper sales this year. LONDON, Jan 23- Copper was steady on Wednesday at around 1-1/ 2- week highs, but prices were capped by signs of a well supplied market amid higher output from mining groups such as BHP Billiton. Overhanging copper is this sense that supply generally is improving, "said analyst David Wilson at Citigroup in London."
LONDON, Jan 23- Gold was stuck below a one-month high on Wednesday as progress in talks about the U.S. debt limit reduced gold's appeal as a safe-haven, offsetting monetary easing this week. Recent upbeat data from China and the United States and monetary easing in Japan had triggered rallies in equities and precious metals.
LONDON, Jan 23- Reuters has released the latest exclusive surveys on the outlook for major traded commodities. >Small gains for copper in 2013 as China's economy slows. >Iron ore loses steam as supply offsets China demand.