Early Movers: TGT, LOW, MRK, SPLS & More
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*Vale, BHP, Anglo American all carry under-performing businesses. LONDON/ SYDNEY, Jan 21- Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations. The scale of the charge cost chief executive Tom Albanese his job.
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DUSHANBE, Jan 21- Tajikistan said its economy grew 7.5 percent last year, slightly faster than in 2011 and buoyed by remittances from migrant workers and growth in its mining industry despite a slump in key export, aluminium.
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LONDON, Jan 21- Commodity fund managers who performed well over the testing final quarter of 2012 believe metals commodities prices could do better than expected in early 2013 due to a combination of Chinese restocking and continued supply disruption.
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*Iron ore seen at average $125/ tonne in 2013 vs $128 in 2012. *China 2013 iron ore import growth to slow to 5 pct.
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*Lead to outperform as China cold snap drives battery demand-Deutsche. SINGAPORE, Jan 21- London copper was little changed on Monday after economic growth in top metals consumer China picked up speed in the fourth quarter even as annual growth slowed to its lowest since 1999, with turnover low due to a U.S. holiday and the upcoming new year break in China.
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SINGAPORE, Jan 21- Gold inched up on Monday to reverse losses from the previous session, bolstered by expectations for aggressive monetary easing from the Bank of Japan. There is attention on the Bank of Japan, which is really being pressured to embark on some very precious metals-friendly policy, "said a Hong Kong- based trader.
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SINGAPORE, Jan 21- London copper edged up on Monday after economic growth in top metals consumer China picked up pace in the fourth quarter, although annual growth slowed to its lowest since 1999.. *The most-traded April copper contract on the Shanghai Futures Exchange slipped 0.10 percent to 58,320 yuan a tonne.
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*Fortescue rail, port stake sale key to several deals. Plans by the world's fourth-largest iron ore miner, Fortescue Metals Group, to sell a minority stake in its port and rail unit in the Pilbara could provide the crucial link for at least four companies planning to start or expand production- Atlas Iron, Brockman Mining, BC Iron and Flinders Mines.
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*Dow AgroSciences awaiting regulatory approval. Jan 18- A controversial new biotech corn developed by Dow AgroSciences, a unit of Dow Chemical,, will be delayed at least another year as the company awaits regulatory approval amid opposition from farmers, consumers and public health officials.
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SYDNEY, Jan 18- As Rio Tinto was edging closer to gaining majority control of little-known Mozambique coal explorer Riversdale Mining, the Anglo-Australian mining giant's chief executive Tom Albanese was convinced the $4 billion move was a sound one.
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SINGAPORE, Jan 18- Palladium rose to a 16- month high on Friday and platinum hovered near a three-month high hit in the previous session, buoyed by upbeat data from the world's top two economies, as gold traded slightly higher to near a one-month high.
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*Japan, China copper smelters secure more than 10 pct fee rise. SINGAPORE, Jan 18- London copper was steady on Friday, on track to close the week little changed as improving economic landscapes in China and the United States bolstered the demand outlook, but concerns over the U.S. debt ceiling loomed over prices.
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*Gold nearly flat in $4 range. *Spot gold may rise to $1,706/ oz- technicals. SINGAPORE, Jan 18- Platinum and palladium on Friday hovered near multi-month highs hit in the previous session as upbeat data from the world's top two economies bolstered hopes for global recovery, while gold was little changed after marking a one-month peak.
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*India had 1 mln tonnes potash as of December. MUMBAI/ WINNIPEG, Manitoba, Jan 17- India has enough potash in reserve to delay its purchases of the key crop nutrient well into the second quarter of this year, putting new pressures on North America's big fertilizer producers at a time of high inventories and stiff competition.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Jan 18- The demise of Tom Albanese as Rio Tinto's chief executive probably heralds a new era of conservative management of the world's top mining companies. But Albanese did survive and went on to shell out $4.2 billion in 2011 to buy Mozambique- focused coal miner Riversdale.
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SINGAPORE, Jan 18- London copper was steady on Friday, on track to close the week little changed, with optimism over an improving U.S. economic landscape tempered by middling global demand growth, while traders awaited a slew of data from top consumer China.
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SINGAPORE, Jan 18- Platinum and palladium on Friday hovered near multi-month highs hit in the previous session on upbeat U.S. economic data, while gold traded little changed after marking a one-month peak. *Spot gold was nearly flat at $1,686.64 an ounce by 0041 GMT, heading for a weekly rise of 1.4 percent, its biggest such climb in nearly two months.
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*US jobs, housing data boost industrial commodities. NEW YORK, Jan 17- Platinum, palladium and oil hit multimonth highs on Thursday, and copper posted its biggest gains in two weeks, as bullish U.S. jobs and housing data sparked a broad run-up in commodities, particularly those for industrial use.
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NEW YORK, Jan 17- Platinum jumped to a three-month high on Thursday, passing the price of gold for the second session in a row after upbeat U.S. economic data boosted optimism about demand for industrial commodities such as platinum, a vital material for automakers.
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*India had 1 mln tonnes potash as of December. MUMBAI/ WINNIPEG, Manitoba, Jan 17- India has enough potash in reserve to delay its purchases of the key crop nutrient well into the second quarter of this year, putting new pressures on North America's big fertilizer producers at a time of high inventories and stiff competition.