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  • *Sees 2016 profit outlook $5.50- $7.00/ shr vs est $7.01/ shr. *Posts profit $1.52/ shr vs est of $1.38/ shr. The company, which sells seed, fertilizers and chemicals directly to farmers in North America, said it expects to earn $5.50- $7.00 per share in 2016, slightly below analysts' average estimate of $7.01, according to Thomson Reuters I/B/E/S.

  • Noranda Aluminum files for bankruptcy Tuesday, 9 Feb 2016 | 10:29 AM ET

    KANSAS CITY, Mo.— One of North America's biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda Aluminum Holding Corp., which refines aluminum and mines bauxite, made the Chapter 11 filing Monday in St....

  • *Recommendation linked to payment of 5 pct export tax. JAKARTA, Feb 9- Indonesia's mining ministry on Tuesday recommended that Freeport McMoRan Inc receive a new six-month copper export permit, potentially ending a near two-week stoppage after the previous permit expired last month. Freeport was forced to halt overseas shipments from one of the world's...

  • *Looks set to retest $1,200 an ounce. The precious metal saw some profit taking in early trade after failing to push through key psychological resistance at $1,200 an ounce, but picked up after U.S. markets opened and looked set to retest the $1,200 level. If we can reach $1,200 and hold above it that would probably set the scene to go higher, "said David Govett, head of...

  • *Q4 adjusted operating profit 17.6 mln euros, down 31 pct. *Analysts in Reuters poll expected 24.5 mln euros. HELSINKI, Feb 9- Finnish mining technology company Outotec missed fourth-quarter earnings forecasts and warned that demand from miners would weaken further this year, sending its shares down 20 percent on Tuesday.

  • Graphic Packaging beats 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:45 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported fourth-quarter profit of $57.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Graphic Packaging shares have declined 13 percent since the beginning of the year.

  • CALGARY, Alberta, Feb 9- Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Although the move to support higher-cost production seems counterintuitive, oil sands...

  • HELSINKI, Feb 9- Finnish mining technology company Outotec missed quarterly earnings forecasts on Tuesday and did not propose a dividend, warning demand from miners would weaken further this year. Outotec is struggling as miners have cut spending due to low metal prices, and recent uncertainty regarding China's growth prospects has further hit its business,...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors sought safe havens in the face of...

  • Why oil will recover faster than metals Tuesday, 9 Feb 2016 | 2:15 AM ET
    Operations at U.S. Steel

    Metals prices may have outperformed oil over the past 20 months, but that's unlikely to continue, with metals set to keep dropping, Goldman Sachs said.

  • *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper steadied on Tuesday, underpinned by a weaker dollar as worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week. "There are a lot of people who have come back in 2016 and are...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors seek safe havens in the face of instability...

  • *Asia trade insurers wary over China, India metals firms. *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper drifted on Tuesday after worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week for fresh signals on demand.

  • MELBOURNE, Feb 9- London copper was underpinned by weakness in the dollar on Tuesday, with extremely low turnover as traders waited for the return of top consumer China next week for fresh signals on demand. Copper topped out at its highest in a month at $4,720 on Thursday and trade is expected to stay quiet with China out this week for the Lunar New Year break.

  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...

  • Over the past year scores of commodity-related businesses have filed for bankruptcy as prices for metals, energy and coal have plummeted amid a slowdown in markets such as China and Brazil. "This is due to a number of factors, principal among them is the sustained and dramatic decline in the price of primary aluminum," Chief Financial Officer Dale Boyles said in a...

  • Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of all reactors in that country, generating burdensome stockpiles globally. Its stock plunged more than 5 percent in Toronto and New York around midday. Contracting looks to significantly pick up in...

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Tahoe had also bought smaller rival Rio Alto Mining Ltd in a cash-and-share deal valued at C $1.4 billion last February to expand its presence in Latin America. Lake Shore Gold operates Timmins West and...

  • LONDON, Feb 8- Another day, another landmark low for the nickel price. London Metal Exchange three-month nickel traded down to $7,900 per tonne on Monday morning. "Not an inconceivable prospect by any means," according to one analyst, Leon Westgate of ICBC Standard Bank..

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Lake Shore Gold operates Timmins West and Bell Creek mines in Timmins, Ontario, while Tahoe has a mine in Guatemala and two mines in Peru. "The combination with Lake Shore Gold enhances Tahoe's position as the...

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