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Business Materials and Metals

  • MELBOURNE, Oct 21- London aluminum was on track for its biggest weekly drop in seven weeks after record China production fanned supply concerns, while copper was set for a third weekly drop on worries about cooling demand. *Shanghai Futures Exchange copper slipped 0.3 percent to 37,130 yuan a tonne. *The European Central Bank left ultra-loose monetary policy...

  • MELBOURNE, Oct 21- London aluminium was on track for its biggest weekly drop in seven weeks after record China production fanned supply concerns, while copper was set for a third weekly drop on worries about cooling demand. *Shanghai Futures Exchange copper slipped 0.3 percent to 37,130 yuan a tonne. *The European Central Bank left ultra-loose monetary policy...

  • A lesser regional court cleared the Mexican company last November of any wrongdoing over its winning bid to reopen the Aznalcollar copper, zinc and lead mine in southern Spain, but an appeal by a rival bidder has now been accepted. Spain is hoping to re-open the mine after it was shut down following a toxic waste spill in 1998 that caused widespread damage to the...

  • *China sets down new regulations to cool housing market. *China copper premiums rise to $65- $70 from $60 last wk- Triland. MELBOURNE, Oct 20- London copper drifted on Thursday in low-volume trade, as steps by China to cool its real estate market, a key metals user, dampened buying interest.

  • MELBOURNE, Oct 20- London copper traded little changed on Thursday in trade marked by low volumes as the third and final U.S. presidential debate got underway. Prices are holding above one-month lows of $4,623.25 a tonne, helped by slowly improving demand from China. *Shanghai Futures Exchange copper was also flat at 37,290 yuan a tonne.

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday cut its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter production data, citing shipping interruptions. The downward revision- equivalent to as much as $290 million at current ore prices- comes as the steelmaking commodity stages a recovery on the back of a...

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday said it has lowered its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter shipping data, citing shipping interruptions. The world's second-biggest producer of the steelmaking ingredient said third-quarter shipments from Australia fell 2 percent from...

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • SAO PAULO, Oct 19- Brazil's steel output rose in September, the first year-on-year gain in 15 months, a possible sign that the worst part of a downturn affecting the industry may be over, the Brazil's steelmakers' association, Instituto Aço Brasil, said on Wednesday. Brazil's steel industry is operating at about 60 percent of its built capacity of 49 million tonnes...

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday said it has lowered its 2016 guidance for iron ore shipments by as much as 5 million tonnes million tonnes after releasing lower third-quarter shipping data, citing shipping interruptions. The world's second-biggest producer of the steelmaking ingredient said third-quarter shipments from Australia fell 2...

  • SYDNEY, Oct 20- Global miner Rio Tinto has lowered its 2016 guidance for iron ore shipments to between 325 million and 330 million tonnes after releasing lower third quarter shipping data. The world's second biggest producer of the steelmaking ingredient said third-quarter shipments fell 5 percent to 80.9 million tonnes versus the year-ago quarter.

  • LIMA, Oct 19- Peru's government failed to restart talks with residents of remote Andean towns blocking a road to one of the country's biggest copper mines on Wednesday, as protesters demanded a meeting with President Pedro Pablo Kuczynski. But Prime Minister Fernando Zavala said Kuczynski would not travel to the highland region of Apurimac while residents...

  • LIMA, Oct 19- Protesters blocking a road to MMG Ltd's copper mine in Peru turned away a delegation of high-ranking government officials who hoped to restart talks on Wednesday after a local man was shot dead in clashes with police last week. Residents from Andean towns demanded a meeting with President Pedro Pablo Kuczynski as they mourned the 42- year-old...

  • *China industrial output 6.1 pct versus 6.4 pct. Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth...

  • TORONTO, Oct 19- Canada's main stock index gained on Wednesday as rising commodity prices helped energy and gold mining stocks push higher while railway stocks lagged. The most influential gainers on the index included Goldcorp Inc, which rose 3.1 percent to C $20.09, and Barrick Gold Corp, up 2.4 percent to C $21.98. At 9:41 a.m. EDT, the Toronto Stock Exchange's...

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth rates are going to be softer."

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • JAKARTA, Oct 19- Operations at Freeport-McMoRan Inc's Grasberg open pit copper mine in Indonesia have resumed after a one-day stoppage following a fatal incident at the mine late on Monday. "Today operations returned to normal," Freeport Indonesia spokesman Riza Pratama said. Indonesia's Coal and Minerals Director General Bambang Gatot denied earlier...

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