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Materials and Metals Metals and Mining

  • TORONTO, April 28- Canada's main stock index rose on Friday as banks and mining companies, heavyweights on the index, rebounded from the previous day's slump. The Toronto Stock Exchange's S&P/TSX composite index rose 79.66 points, or 0.51 percent, to 15,586.13. Principally, they're a little bit better when the GDP came out in the United States, "said John Ing,...

  • TORONTO, April 28- Canada's main stock index rose on Friday as natural resource stocks led a broad rally on a mix of higher commodity prices and positive corporate earnings. Gold miner Agnico Eagle Mines Ltd surged 9.3 percent to C $64.54 after beating profit and revenue estimates and upping its production forecast after the bell on Thursday.

  • The stock fell more than 9 percent in Toronto trading to C $12.92, even though Cameco maintained its full-year guidance for deliveries and revenue. Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, scrapped its uranium supply contract with Cameco, the company said in February. "While the market will view the earnings miss as a...

  • Spot iron ore prices in China ended Thursday at $66.42 a tonne, down 30 percent from the 17- month peak of $94.86 reached on Feb. 21. But if there is one thing that the market has learnt in the past year, it's that the main driver of the market is policy decisions in China, and how participants react to them. While about a third of respondents thought the spot price would...

  • *Palladium rallies to two-year high at $824.50/ oz. LONDON, April 28- Gold firmed on Friday as forecast-beating euro zone inflation boosted the euro against the dollar, while global stock markets retreated from Wednesday's record highs as concerns about global trade subdued appetite for cyclical assets. Spot gold was up 0.2 percent at $1,266.11 an ounce at 0945...

  • HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Friday reported first-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier. Olympic Steel shares have dropped 21 percent since the beginning of the year. Keywords: Olympic Steel, Earnings Report.

  • JOHANNESBURG, April 28- Russia's Norilsk Nickel said on Friday it had filed a lawsuit against the government of Botswana to try to recoup $271 million plus damages it says it is owed from the aborted sale of a 50 percent stake in the Nkomati mine in South Africa. Botswana's state-run BCL Mine pulled out of a 3 billion pula deal in October last year to buy a 50 percent...

  • Spot iron ore prices in China ended Thursday at $66.42 a tonne, down 30 percent from the 17- month peak of $94.86 reached on Feb. 21. But if there is one thing that the market has learnt in the past year, it's that the main driver of the market is policy decisions in China, and how participants react to them. While about a third of respondents thought the spot price would...

  • *Palladium hits highest since March 2015. Spot gold was up 0.1 percent at $1,264.81 per ounce, as of 0312 GMT, while U.S. gold futures were steady at. "Technically gold has not had a great week... there seems to be some pressure as the risk-on sentiment is still on despite Trump's tax plans disappointing and especially situation in North Korea does not seem to be inflamed,"...

  • SYDNEY, April 28- Copper tracked modestly higher on Friday with traders saying some investors were active buying on price dips, but warning at the same time that broader industry sentiment pointed to a weaker outlook. *SHANGHAI: The most-traded copper contract on the Shanghai Futures Exchange was up 0.2 percent to 46,330 yuan a tonne. *SILVER: London's silver...

  • VANCOUVER, British Columbia _ Eldorado Gold Corp. on Thursday reported first-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. This story was generated by Automated Insights using data from Zacks...

  • BOGOTA, April 27- South Africa's AngloGold Ashanti has halted all exploration work at its La Colosa project in central Tolima, Colombia, after voters backed a proposal to ban mining in the municipality, the company said on Thursday. AngloGold has invested some $900 million in Colombia since 2006 and La Colosa was the largest of its three projects in the country.

  • *Technical support at $1,225- $1,257 an ounce. NEW YORK/ LONDON, April 27- Gold resumed its downward slide from a five-month high in mid-April, giving up gains that came after U.S. President Donald Trump announced unfunded tax cuts, while comments from European Central Bank President Mario Draghi weakened the euro.

  • GENEVA, April 27- South Africa is proposing to put emergency "safeguard" tariffs on imports of certain flat hot-rolled steel products from July, it said in a filing published by the World Trade Organization on Thursday. South Africa said the proposal was based on a final determination by its International Trade Administration Commission that domestic...

  • SANTIAGO, April 27- BHP Billiton is advancing with the sale of its small Cerro Colorado copper mine in Chile as a number of interested parties have emerged, although a final deal will likely take some months, the mine's union said on Thursday. Cerro Colorado produced 74,000 tonnes of copper last year out of top exporter Chile's total 5.5 million.

  • SANTIAGO, April 27- BHP Billiton is advancing with the sale of its small Cerro Colorado copper mine in Chile and there are a number of interested parties, although finalizing the deal will likely take some months, the mine's union said on Thursday. Cerro Colorado produced 74,000 tonnes of copper last year out of top exporter Chile's total 5.5 million.

  • President Donald Trump, Tweeter-in-Chief.

    Trump's ire seems to have been ignited by Democratic threats to oppose a shutdown-avoiding bill if it does not include Obamacare subsidies.

  • *Technical support at $1,225- $1,257 an ounce. Spot gold was down 0.4 percent at $1,263.57 an ounce at 1445 GMT on Thursday, with U.S. gold futures up 0.1. "It's going through a phase of correction," said Ole Hansen, head of commodities strategy at Saxo Bank.

  • MEXICO CITY, April 27- Mexican cement producer Cemex significantly beat analyst expectations on Thursday with a nearly ten-fold spike in first-quarter net profit, driven mostly by asset sales. Cemex earned $336 million in net profit in the quarter, compared to $35 million in the same period in 2016, and $95 million forecast in a Reuters poll of analysts.

  • Shares of the Saskatoon, Saskatchewan- based fertilizer producer rose 1.6 percent in early New York trading, touching a three-week high. Potash said it expected full-year earnings of 45 cents to 65 cents per share, up from its prior forecast of 35 cents to 55 cents. Bernstein analyst Jonas Oxgaard said earnings benefited from a lower tax rate as well as stronger...