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  • Image from the 2006 movie "Superman Returns."

    Steel stocks have enjoyed a sterling rally in 2016,but many doubt that the high-flying names will be able to add to their gains.

  • In a draft statement obtained by Reuters, the G20 finance ministers and central bank governors meeting in China's southwestern city of Chengdu said that excess capacity problems, "exacerbated by a weak global economic recovery and depressed market demand, have caused a negative impact on trade and workers." Officials from the United States and other...

  • SANTIAGO, July 22- Workers at Anglo American's small El Soldado copper mine in Chile called off a strike on Friday after reaching an agreement with the company, a union official told Reuters. The mine's copper output was 36,000 tonnes last year, less than 1 percent of Chile's overall 5.76 million tonnes. State-owned Codelco and Japan's Mitsui and Mitsubishi also...

  • LONDON, July 22- A stronger dollar knocked industrial metals prices on Friday while nickel was also hit as some investors locked in profits from a recent rally. Benchmark nickel on the London Metal Exchange slid 3.2 percent to close at $10,420 per tonne, after gaining 1.7 percent on Thursday when it hit a 10- month high of $10,900. Nickel has been the top performer...

  • *Key resistance on nickel pegged at $10,785- Sucden. LONDON, July 22- Nickel slipped on Friday as some investors locked in profits from a recent rally, while zinc extended gains on persistent worries about shortages. Benchmark nickel on the London Metal Exchange declined 0.9 percent to $10,660 per tonne by 1011 GMT, after adding 1.7 percent on Thursday when it hit a...

  • Aluminium producer Norsk Hydro reported a rise in earnings in the second quarter due to rising prices and stronger demand for the metal.

  • LONDON, July 22- European stock markets slipped on Friday, weighed down by falls in mining companies and Swedish construction group Skanska. The STOXX 600 index is up by around 10 percent from a low point reached in June in the immediate aftermath of Britain's shock vote to quit the European Union, but the index remains down by around 7 percent since the start of...

  • LONDON, July 22- European stock markets fell on Friday, weighed down by a drop in the shares of mining companies and a fall at Swedish construction company Skanska. The pan-European STOXX 600 and the similar FTSEurofirst 300 were both down by 0.4 percent. The STOXX 600 index is up by around 10 percent from a low point reached in June in the immediate aftermath of...

  • MELBOURNE, July 22- London zinc and nickel were set to log a second week of gains on Friday as traders bet that supply side constraints would lift prices already supported by expectations of easier central bank policy after Britain's decision to leave the euro zone. LME zinc traded at $2,250 a tonne on Friday, down 0.2 percent, amid light profit-taking after...

  • MELBOURNE, July 22- Shanghai zinc and nickel climbed on Friday as traders bet on supply side constraints. *Zinc on the Shanghai Futures Exchange rose by 1.4 percent to 17,425 yuan a tonne, earlier hitting 17,555, the most expensive since March 2015. *Shanghai nickel reached the highest in more than 11 months at 84,080 yuan a tonne.

  • MONTERREY, July 21- Mexican glass manufacturer Vitro said on Thursday it had agreed to purchase the flat glass unit of U.S. company PPG for around $750 million, giving it a foothold in U.S. and Canadian markets. Under the deal, Monterrey- based Vitro will acquire four plants with a total of five furnaces in the United States, a flat glass investigation unit and four...

  • PITTSBURGH— PPG Industries Inc. has agreed to sell its flat glass manufacturing and glass coatings operations to Vitro SAB for $750 million in cash. Vitro SAB, Mexico's largest glass producer, will take over four glass production sites in Fresno, Calif., Salem, Ore., Carlisle, Pa. and Wichita Falls, Texas, as well as four distribution sites in Canada.

  • *ANZ sees nickel prices nearing $12,000 on Philippine supply risk. LONDON, July 21- Zinc touched its highest in 14 months on Thursday and nickel hit an eight-month peak as speculators kept buying, but analysts cautioned that rallies were vulnerable to corrections. Benchmark zinc on the London Metal Exchange was up 0.4 percent at $2,255.50 a tonne at 1032 GMT...

  • HARTSVILLE, S.C. _ Sonoco Products Co. on Thursday reported second-quarter earnings of $56.3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Six analysts surveyed by Zacks expected $1.27 billion.

  • *Q2 underlying EBIT NOK 1.62 bln vs poll NOK 1.42 bln. OSLO, July 21- Strengthening Chinese demand led Norsk Hydro, one of the world's largest aluminum producers, to raise its forecast for global aluminum demand growth this year to 4-5 percent as it reported forecast-beating earnings on Thursday. But prices have recovered somewhat recently: LME benchmark...

  • *Q2 underlying EBIT NOK 1.62 bln vs poll NOK 1.42 bln. OSLO, July 21- Strengthening Chinese demand led Norsk Hydro, one of the world's largest aluminium producers, to raise its forecast for global aluminium demand growth this year to 4-5 percent as it reported forecast-beating earnings on Thursday. But prices have recovered somewhat recently: LME benchmark...

  • *China copper imports up 19.7 pct in June, exports up 192.4 pct. MELBOURNE, July 21- London copper rose towards $5000 a tonne on Thursday, finding some support as the dollar eased from a four-month high, and after China's copper imports remained solid in June. Price gains across metals this year, ranging from a 6- percent rise in copper to a 40- percent surge in zinc, have...

  • *Coming Up: Breakdown of China commodity imports. MELBOURNE, July 21- London copper edged higher on Thursday, finding some support as the dollar eased from four-month highs and ahead of a breakdown of China trade data is expected to offer more insight into its commodity demand. Price gains across metals this year, ranging from copper, up nearly 6 percent, to zinc, up...

  • BENGALURU, July 21- Gold hit a three-week low on Thursday, after falling more than 1 percent in the previous session, as equities rose and with investors eyeing a European Central Bank meeting later in the day amid rising expectations rise for a U.S. interest rate hike. *Spot gold fell 0.3 percent at $1,311.83 an ounce at 0057 GMT. The bank will announce its rate...

  • Also rising at a fast clip, though, is speculative interest on both the London and Shanghai markets. Market open interest on the Shanghai Futures Exchange is surging, while speculative length in the LME is rapidly approaching those May 2015 peaks. Investors have got sucked into the zinc market before, most recently in May last year, when the London price peaked at...

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