Materials
More
-
LONDON, Jan 11- Gold prices fell on Friday, with buyers cashing in gains after an earlier rally failed to take the precious metal above the previous session's high, with selling accelerating as it slid below a key chart level at $1,661 an ounce.
-
MELBOURNE, Jan 11- London copper inched down on Friday from a one-week high hit in the previous session after China's export demand improved in December, while a slightly stronger dollar weighed.
-
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Jan 11- It's no surprise that iron ore is the current commodity market darling, given record Chinese imports, a jump of 82 percent in prices in just four months and a huge storm about to hit a major mining region.
-
MELBOURNE, Jan 11- London copper rallied on Friday to near a one-week high hit the session before after China's export demand improved in December, while dollar weakness also helped after the European Central Bank gave no indication of further rate cuts.
-
China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.
-
*Up to 15 pct of China's iron ore mines stay shut. SINGAPORE/ SHANGHAI, Jan 11- China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy.
-
*China exports grew 14.1 percent in December. *China copper imports fell 6.6 percent in December. LONDON, Jan 10- Copper rose on Thursday due to a weak dollar and strong export figures from the metal's top consumer China, which boosted prospects for a recovery in demand.
-
LONDON, Jan 10- Gold's rally picked up the pace on Thursday as prices topped $1,675 an ounce, rising along with the euro after the European Central Bank gave no hints on near-term rate cuts. We've seen all of the precious metals push higher, and this might largely be a dollar effect, " Credit Suisse analyst Tom Kendall said.
-
*120 nations to meet in Geneva to work out anti-mercury treaty. Negotiators from 120 nations will meet in Geneva next week for a final round of talks meant to agree a treaty to reduce the use of mercury.
-
Jan 10- Molycorp Inc said on Thursday that 2013 revenue and cash flows would be lower than expected due to sagging rare earth prices and a delay in achieving full commercial production at its Mountain Pass mine in California, and its shares fell 13 percent in premarket trading.
-
RUSTENBURG, South Africa/ LONDON, Jan 10- Miner Evans Ramokga has a warning for Anglo American as the mining group prepares to unveil a revival plan for its South African platinum business: don't close any shafts.
-
*Gold-platinum ratio at tightest since April 2012. LONDON, Jan 10- White metals stole a march on bullion on Thursday, with gains in platinum and palladium outpacing those of gold as data pointed to an improved economic backdrop in China. By 1117 GMT, platinum was up 0.8 percent at $1,606.50 per ounce, while palladium had surged 1.8 percent to $695.90.
-
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
-
BRUSSELS, Jan 10- Steelmaker ArcelorMittal SA raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
-
*CVC has made at least two investments in the Philippines. HONG KONG, Jan 10- Private equity firm CVC is in exclusive talks to buy a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters.
-
*China exports grew 14.1 percent in December. China's exports grew 14.1 percent in December from a year ago to hit a seven-month peak, data showed on Thursday, rebounding from three-month lows and racing past market expectations for a 4 percent rise. China is the world's biggest copper consumer, accounting for 40 percent of refined demand this year. "
-
MELBOURNE, Jan 10- London copper steadied on Thursday, with investors biding time ahead of Chinese trade data that could show exports recovered in December but was also expected to reveal lower copper imports due to ample stockpiles in the world's top metals consumer.
-
NEW YORK, Jan 9- Gold fell in light trading on Wednesday after the previous session's gain, while palladium rose over 2 percent as improving U.S. auto sales amid a better economic outlook triggered fund buying. Signs of better Asian physical demand from China and India, however, provide underlying support, traders said.
-
*Alcoa shares rise after positive outlook for the year. NEW YORK, Jan 9- Wall Street rose on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year. Shares of Alcoa, the largest aluminum producer in the United States, rose 0.5 percent to $9.18.
-
Jan 9- ArcelorMittal, the world's largest steelmaker, will restart blast furnace B at its Gijón plant in Spain on Jan. 15 after a six-month shutdown for maintenance works amid weak market conditions, the company said on Wednesday.