Business Materials and Metals

  • *China to ramp up fiscal support for metals. *Coming Up: Germany Industrial output for July at 0600 GMT. MELBOURNE, Sept 7- London copper rose to the highest in two weeks on Wednesday as a falling dollar spurred demand for commodities given fading prospects of a U.S. interest rate hike in September.

  • MELBOURNE, Sept 7- London copper rose half a percent on Wednesday as the dollar fell after a soft services report out of the U.S. dimmed the prospect of a rate hike in September. *Shanghai Futures Exchange copper edged up 0.1 percent to 36,560 yuan a tonne. *London- listed Antofagasta Plc's ANTO.L Antucoya copper mine reached its full monthly production capacity of...

  • LONDON, Sept 6- When G20 leaders met in the Chinese city of Hangzhou this week, they did so under, if not quite blue skies, at least smog-free skies. And although Beijing has committed to eliminating a very large amount of steel capacity, 150 million tonnes over a five-year period, it is highly unlikely to stem the flow of steel products into the rest of the world.

  • *China, India, Vietnam, Indonesia cut back. OSLO, Sept 7- The amount of coal-fired power generation under development worldwide has shrunk by 14 percent this year, driven down by China as it struggles with oversupply and tries to promote cleaner energy, a study showed on Wednesday. China had the biggest drop in its pre-construction pipeline by far, of 114 GW to a total...

  • TORONTO, Sept 6- Canada's benchmark stock index edged higher on Tuesday as higher gold prices supported mining stocks, while news of an acquisition boosted shares of the country's largest pipeline company. The small gain for the Toronto Stock Exchange's S&P/TSX composite index follows a 1.1 percent advance last week, the biggest weekly gain since mid-July.

  • LONDON, Sept 6- When G20 leaders met in the Chinese city of Hangzhou this week, they did so under, if not quite blue skies, at least smog-free skies. And although Beijing has committed to eliminating a very large amount of steel capacity, 150 million tonnes over a five-year period, it is highly unlikely to stem the flow of steel products into the rest of the world.

  • *Says is prepared to offer $127.50 per share, up from $125. FRANKFURT/ NEW YORK, Sept 5- German pharmaceutical and crop chemicals manufacturer Bayer AG says talks with Monsanto Co have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world's largest seeds company. Bayer now says it is prepared to offer...

  • *Signs of a small pick up in China copper demand- StanChart. *JP Morgan sees copper avg at $4,400 in Q3 on oversupply. MELBOURNE, Sept 6- London copper hovered above a two-month low on Tuesday as signs of a modest pick up in demand were countered by concerns of oversupply from a flood of inventory into exchange stockpiles.

  • *Japan buyers looking to purchase more aluminium in spot markets. TOKYO, Sept 6- Japanese aluminium buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminium buying by Asia's...

  • *Japan buyers looking to purchase more aluminum in spot markets. TOKYO, Sept 6- Japanese aluminum buyers are looking to crimp the amount of the metal they purchase via annual contracts, instead turning to spot markets where premiums have in recent months dropped to their lowest in over seven years amid a persistent supply glut. Most aluminum buying by Asia's...

  • *JP Morgan sees copper avg at $4,400 in Q3 on oversupply. *Coming up: Germany industrial orders Jul at 0600 GMT. MELBOURNE, Sept 6- London copper hovered near two-month lows on Tuesday, with signs of oversupply from a flood of inventory into exchange stocks amid a modest pick-up in demand.

  • MELBOURNE, Sept 6- London copper hovered near two-month lows on Tuesday, shrugging off signs of oversupply from a flood of inventory into exchange stocks amid a modest pick-up in demand. *Shanghai Futures Exchange copper traded flat at 36,570 yuan a tonne. *Striking workers at Codelco's small Salvador copper deposit in Chile have blocked access to the mine and...

  • SHANGHAI, Sept 6- The northern Chinese province of Shanxi, the country's biggest coal producing region, has awarded 947.78 million yuan to six major coal enterprises this year for shutting down surplus capacity, one of the firms said late on Monday. In a notice to the Shanghai Stock Exchange, Datong Coal Industry Co. Ltd said it alone had received 312.16 million...

  • HOUSTON/ NEW YORK, Sept 5- Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. Reuters reported on Aug. 25 that Dutch chemical company Lyondell had retained Bank of America Merrill Lynch to help with a sale of the refinery.

  • *South Africa, Australia have protection in domestic law. LONDON, Sept 5- The world's biggest mining companies called on Monday for action to stop any firms, including the oil and gas industry, extracting resources from natural sites protected by the United Nations. "Yet 13 years later, other companies and industries are still operating in these precious sites,"...

  • HANGZHOU, China Sept 5- G20 leaders have pledged to work together to address excess steel capacity that has punished the global industry with low metal prices for years while raising tensions between China and other major producers. A statement from the White House said that leaders at the G20 summit in Hangzhou, eastern China, on Monday accepted that...

  • TEL AVIV, Sept 5- Fertilizer maker Israel Chemicals will not be bidding for an indirect stake that is for sale in Chilean potash and lithium producer SQM, a spokesman for the Israeli company said. ICL Chief Executive Officer Stefan Borgas said in May that ICL was interested in investing in SQM, which is 30 percent held by Potash Corp of Saskatchewan, but noted SQM was...

  • TEL AVIV, Sept 5- Fertiliser maker Israel Chemicals will not be bidding for an indirect stake that is for sale in Chilean potash and lithium producer SQM, a spokesman for the Israeli company said. ICL Chief Executive Officer Stefan Borgas said in May that ICL was interested in investing in SQM, which is 30 percent held by Potash Corp of Saskatchewan, but noted SQM was...

  • SANTIAGO, Sept 5- Chile's economic activity rose 0.5 percent in July from the same month a year earlier, below even the most pessimistic forecasts, as growth in services and retail was weighed down by declines in manufacturing and mining. Cooling demand for copper in China has driven down global prices and hurt the economy of Chile, the world's biggest producer of...

  • LONDON, Sept 5- Zinc continues to glow red hot amid the general gloom pervading the industrial metals sector. On the London Metal Exchange three-month metal closed last week valued at $2,364 per tonne, up 50 percent on the start of the year and the highest it's been since May last year. "We believe that the zinc price should continue to rise on the basis of improving...

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