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  • Iron ore prices pushed up

    Colin Hamilton, head of commodities research at Macquarie, discusses how China is impacting iron ore commodity prices.

  • DARMSTADT, Germany, March 8- German drugs and chemicals maker Merck KGaA raised the prospect of an increase of more than 10 percent in adjusted core earnings this year, expecting additional profit from the takeover of lab supplies maker Sigma-Aldrich to offset higher expenses on drug development. The $17 billion Sigma-Aldrich deal, wrapped up in November, made...

  • *Sees 18-20 pct fall in copper, aluminum prices in 12 months. MELBOURNE, March 8- Goldman Sachs said on Tuesday that the structural factors that have driven a bear market in metals remain in place as there is little prospect of improvement in Chinese demand. The investment bank also this week poured cold water over a rally in iron ore prices, saying that the...

  • *Ore blending to start within 6 months, in China. RIO DE JANEIRO/ MELBOURNE, March 8- The world's no.1 and no.4 iron ore miners are in talks that could see Brazil's Vale SA taking a minority stake in Australia- based Fortescue Metals Group and the blending of their iron ore to win market share in China. The proposal will help the pair match the quality of iron ore produced...

  • MINNEAPOLIS, March 7- The Obama administration is pushing China to reduce excess steelmaking capacity that is causing a glut of steel imports into the United States and other world markets, the top U.S. trade official said on Monday. "When it comes to steel, there is a significant issue of overcapacity around the world, significantly in China where it's estimated...

  • The "Fast Money" traders give their final trades of the day.

  • SYDNEY, March 8- The Australian and Canadian dollars stood at multi-month highs early on Tuesday in the wake of a rally in commodity prices, contrasting with a subdued performance in the greenback, euro and yen. The Aussie was last at $0.7465, while the loonie was at C $1.3292. Expectations that Chinese steel mills are planning a short-term output boost saw iron ore,...

  • RIO DE JANEIRO/ MELBOURNE, March 7- Iron ore rivals Vale SA and Fortescue Metals Group said on Monday they were in talks that could lead to Brazil's Vale buying a minority stake in Australia- based Fortescue as well as working together to blend iron ore for China. Fortescue Chief Executive Nev Power told reporters the non-binding agreement could see Vale acquire...

  • TORONTO, March 7- Canada's main stock index rose on Monday to a three-month high as mining and energy stocks gained on the back of higher oil and gold prices, while industrial and financial sector stocks also rallied. "There's a certain amount of short-covering that's going on that's helping to drive the market," said Michael Sprung, president at Sprung& Co....

  • SAO PAULO, March 7- Brazilian miner Vale SA said on Monday it signed a memorandum of understanding with Australian rival Fortescue Metals Group Ltd to explore creating joint ventures to blend iron ore for the Chinese market.

  • PCI's private equity owner, Frazier Healthcare Partners, has hired RBC Capital Markets to identify and approach potential buyers, including other buyout firms, the people said on Monday. RBC Capital Markets and PCI did not immediately respond to requests for comment. PCI was formed in 2012, when Frazier acquired the packaging operations of Blackstone Group...

  • NEW YORK, March 7- U.S. shale oil production in April is expected to chalk up the second-largest monthly decline on record, and the sixth straight monthly decrease, a U.S. government forecast released on Monday showed. Total output is expected to fall by 106,000 barrels per day to 4.87 million bpd, according to the U.S. Energy Information Administration's drilling...

  • *Platinum above $1,000/ oz for 1st time in more than 4 months. NEW YORK/ LONDON, March 7- Gold rose on Monday, hovering just below last week's 13- month high as the U.S. dollar turned lower, while a fall in average U.S. earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting. Spot gold was up 0.6 percent at $1,266.70 an ounce...

  • TORONTO, March 7- Cameco Corp is slowly expanding the world's biggest uranium mine, betting utilities that are currently well-supplied will need the radioactive metal in coming years, Chief Executive Officer Tim Gitzel said on Monday. Cameco's McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year but is licensed for...

  • TORONTO, March 7- Canada's main stock index rose 1 percent on Monday, hitting another fresh 2016 high as mining and energy stocks gained on the back of higher oil and gold prices. The most influential gainers on the index included Barrick Gold Corp, up 5.4 percent to C $19.27, Goldcorp Inc advancing 7.3 percent to C $21.65, and Potash Corp adding 2.8 percent to C $25.23.

  • *Tin may extend rally to $20,000- technical analyst. LONDON, March 7- Copper and zinc pulled back from their highest levels in more than four months on Monday, dampened by a firmer dollar and as misgivings surfaced over China's ability to stimulate underlying demand for base metals. Three-month copper on the London Metal Exchange slipped 0.8 percent to $4,987 a...

  • *South Africa gold shares have soared this year. JOHANNESBURG, March 7- A sinking rand has sparked a buying spree and rerating of South African gold mining shares which have doubled in value in 2016, but the volatile currency is a double-edged sword that could cut the gains back down to size. Harmony Gold, which gets 90 percent of its production from South Africa,...

  • March 7- Wall Street was set to open lower on Monday after the S&P 500 and the Dow recorded their first four-day winning streak in about five months last week. European stocks fell as a drop in copper prices hurt shares of mining companies, while China's reassurances over the weekend about the strength in its economy helped push Asian stocks higher.

  • *Platinum above $1,000/ oz for 1st time in more than 4 months. LONDON, March 7- Gold rose on Monday, hovering just below last week's 13- month high as European shares dipped, while a fall in average U.S. earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting. Spot gold was up 0.8 percent at $1,269.03 an ounce by 1125 GMT.

  • ULAANBAATAR, March 7- Mongolia has settled a dispute over an arbitration award that required it to pay more than $100 million last year to a Canadian miner for revoking a uranium mining license, just as it launches a push this week to attract new exploration interest. Mongolian Finance Minister Bolor Bayarbaatbar said in a statement released by Khan late on...

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