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  • SINGAPORE, Jan 25- London copper rose for a third consecutive session on Monday, trading close to last week's two-week high with prices underpinned by gains in stock markets and signs of strength in China's physical demand. *Copper premiums in China rose to $95- $100 last week, the highest since late October as Chinese stockpiling picked up ahead of next month's...

  • *Low oil prices call traditional strategy into question. RIYADH, Jan 24- Saudi Arabia aims to at least double annual inflows of foreign direct investment over the next 10 years by focusing on new sectors such as mining, health care and information technology, the head of its investment agency said on Sunday. The plan outlined by Abdullatif al-Othman, governor of...

  • PERTH, Jan 23- Embattled mining magnate Clive Palmer said he has transferred A $250 million in assets from two mining companies to his Queensland Nickel refinery, in comments made in a television interview broadcast on Saturday after the refinery went into voluntary administration earlier this week. Assets from two of Palmer's privately-held mining...

  • WILMINGTON, Del, Jan 22- A U.S. judge reversed course on Friday and narrowed an ongoing investigation seeking the identities of sources who leaked confidential information about bankrupt mining company Molycorp to reporters at Bloomberg LP. Bankruptcy Judge Christopher Sontchi said he realized he went too far in trying to protect a confidential mediation...

  • *Brazil gasoline 15 pct above world price, diesel 30 pct. RIO DE JANEIRO, Jan 22- Brazil's state-led oil company Petroleo Brasileiro SA is on the verge of selling its stake in Brazilian petrochemical company Braskem SA and expects to complete the sale by the end of June, a Petrobras source told Reuters on Friday. The source, who spoke on condition of anonymity because...

  • *Brazil court orders closure of Port of Tubarão. SHANGHAI/ MANILA, Jan 22- Iron ore futures in China and Singapore rose on Friday after the closure of a major Brazilian port halted shipments by top iron ore miner Vale SA, offering some relief to an over-supplied market. Unless the closure of the Port of Tubarão stretches to a week or more, however, the boost to iron ore...

  • *China copper premiums hit highest since late October. In China, copper premiums have risen to $95- $100 this week, the highest since late October as Chinese stockpiling picked up ahead of next month's Lunar New Year. "There's been some China stimulus... the state grid plans for the next 5 years, stocks are not very high, but really the bottom line is oil is guiding...

  • Jan 22- Alcoa Inc, responding to a Moody's warning of a possible cut to its credit rating, said it was focusing on its plane and car parts business as well as its aluminum smelting and refining operations to help them succeed as independent companies. Moody's placed Alcoa and many other miners including Newmont Mining Corp, Rio Tinto Plc, AngloGold Ashanti Ltd and...

  • LONDON, Jan 22- China's main tin producers have joined the cutback bandwagon with an announcement they will curtail 17,000 tonnes of output this year. As with similar announcements by Chinese producers across the base metals spectrum, there may be more to this apparent self-discipline than meets the eye. China is the world's largest tin producer and the nine...

  • MILAN, Jan 22- European equities rose sharply on Friday, adding to gains made in the previous session on ECB stimulus hints, with bouncing commodities prices boosting energy and mining stocks. The index gained 2.1 percent on Thursday after European Central Bank head Mario Draghi said financial markets turmoil and concerns over China will prompt a March review...

  • *Traders favor $4,000, $3,800 strikes for Feb, Mar, June. *Prices seen weakening on Lunar New Year, China economy drag. In the near term, open interest in February put options for a $3,800- strike soared to 4,500 lots on Jan. 6 from 500 the day before, while at a $4,000- strike, open interest last week jumped to 1,042 lots from 317.

  • *India poised to become world's third-biggest car market. FARIDABAD, India, Jan 22- In a dingy factory in the sprawling industrial hub of Manesar in northern India, a plastic moulding machine malfunctioned, mangling Visheshwar Prasad Singh's right hand as he made parts for a supplier to the country's major automakers. Singh was one of thousands of poor labourers,...

  • MELBOURNE, Jan 22- London copper looked set for its biggest weekly gain since October on Friday, buoyed by a pick up in Chinese demand and after the European Central Bank injected some calm into broader markets by hinting at further policy easing. *Three-month copper on the London Metal Exchange was trading at $4,435.50 a tonne by 0107 GMT, holding 1.6- percent...

  • LONDON, Jan 21- The only way to make money out of producing aluminum, it seems, is not to produce any. Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange aluminum price to a six-year low of $1,432.50 in November. By the time it's finished Aluminum...

  • The government would need to negotiate any changes to the contract, an official from U.S.-based Drummond, the second biggest coal miner in Colombia, told Reuters. Colombia is the world's fifth-biggest coal exporter, shipping mainly to Europe after rising gas production in the United States crimped demand in that once-large market. Colombia set an export...

  • CHICAGO, Jan 21- Monsanto Co stepped up its defense of a widely used weed killer on Thursday by filing a lawsuit in California seeking to prevent glyphosate, the main ingredient in its Roundup herbicide, from being added to the state's list of known carcinogens. The seed and agrochemicals company said it filed the suit against the state's Office of Environmental...

  • CHICAGO, Jan 21- Monsanto Co said it filed a lawsuit on Thursday seeking to prevent glyphosate, the main ingredient in its weed killer Roundup, from being added to California's list of known carcinogens, stepping up its defense of the widely used herbicide. The seed and agrochemicals company filed the suit against the state's Office of Environmental Health...

  • RIO DE JANEIRO, Jan 21- Brazil's Vale SA said on Thursday a court ordered the temporary suspension of activities at its Port of Tubarão, halting the world's largest iron ore exporter's ability to ship more than a third of its output because of environmental concerns. As a result of the order, imports and exports at one of Latin America's biggest and most important...

  • *China aluminium semi exports to pick up-Macquarie. LONDON, Jan 21- Copper and other base metals rebounded on Thursday after the head of the European Central Bank raised hopes of more monetary stimulus, prompting investors to buy back bearish positions. Prices had been languishing near the 6-1/ 2 year low of $4,318 a tonne hit on Jan. 15.

  • LONDON, Jan 21- The only way to make money out of producing aluminium, it seems, is not to produce any. Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange aluminium price to a six-year low of $1,432.50 in November. By the time it's finished Aluminum...

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