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Materials and Metals Metals and Mining

  • SYDNEY, May 25- Copper was trading flat on Thursday, steadying a day after dropping on concerns that slowing economic growth in China could hit demand from the world's top metals consumer. *SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange gained 0.11 percent to 45,920 yuan a tonne. *UNPREDICTABLE GOLD: London's gold benchmark...

  • NEW DELHI, May 24- ArcelorMittal, the world's largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India to seal a delayed $897 million automotive joint venture. The proposed joint venture is also crucial for ArcelorMittal as India is the only big steel market where demand is rising fast and government policy is...

  • TORONTO, May 24- Champion Iron Ltd is thinking small with its plans to bring Quebec's giant Bloom Lake iron ore mine back to life. The recovery sparked signs of life for a handful of hibernating miners in Canada's metal-rich Labrador Trough, straddling the provinces of Quebec and Newfoundland and Labrador, including Champion, Alderon Iron.

  • Glencore confirms its in the market to acquire Bunge

    CNBC's Gemma Acton weighs in on Glencore's business strategy behind its potential acquisition of agribusiness Bunge.

  • Seen a dampening of sentiment in China: Vedanta Resources CEO

    Vedanta Resources CEO Tom Albanese speaks about earnings and the business environment in China.

  • MELBOURNE, May 24- London copper edged lower on Wednesday after credit ratings agency Moody's downgraded China due to its massive debt, with muted trade expected ahead of minutes of a Federal Reserve meeting later in the session. *CHINA: Moody's cited the growing leverage in China for the downgrade, and warned about slowing economic growth.

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminum world. Moreover, there is plenty of devil in the detail of China's aluminum exports. Graphic on China's exports of aluminum "semis":.

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminium world. Moreover, there is plenty of devil in the detail of China's aluminium exports. Graphic on China's exports of aluminium "semis":.

  • WASHINGTON, May 23- American steel executives said on Tuesday that a Trump administration national security review of their industry could provide relief from imports that dozens of U.S. Commerce Department anti-dumping cases have only partly offered. The probe could result in broader protections that solve a "whack-a-mole" problem of shutting out...

  • RIO DE JANEIRO, May 23- Brazilian iron ore miner Samarco Mineração SA said that resuming operations this year will be challenging, though there remains a small possibility, Roberto de Carvalho, chief executive officer, told Reuters on Tuesday. The company, which halted operations in November 2015 after a dam burst, said talks with the government continue.

  • "Those import numbers showing that China's importing more in April could be evidence showing things are tightening up in China, which is the biggest consumer," said Robin Bhar, head of metals research at Societe Generale. Copper imports in China, however, fell 41 percent, partly due to tighter credit. *ZINC: London Metal Exchange benchmark zinc closed up 1 percent at...

  • "Those import numbers showing that China's importing more in April could be evidence showing things are tightening up in China, which is the biggest consumer," said Robin Bhar, head of metals research at Societe Generale. Copper imports in China, however, fell 41 percent, partly due to tighter credit. *ZINC: London Metal Exchange benchmark zinc was up 1 percent at...

  • LONDON, May 23- Global output of steel, a gauge of economic health, jumped 5 percent in April, extending a surge seen in the first quarter, industry data showed on Tuesday. Output in China, which accounts for half of global steel production and a quarter of global steel exports, rose 4.9 percent to 72.8 million tonnes, said Worldsteel, whose members jointly account for...

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminum world. Moreover, there is plenty of devil in the detail of China's aluminum exports. Graphic on China's exports of aluminum "semis":.

  • But any increase risks fanning the flames of the trade tensions around China's impact on the rest of the aluminium world. Moreover, there is plenty of devil in the detail of China's aluminium exports. Graphic on China's exports of aluminium "semis":.

  • LONDON, May 23- Zinc hit a three-week peak on Tuesday after imports of the metal into top consumer China rose, underlining potential shortages, but copper dipped on indications of healthy supply. Imports of refined zinc to China increased 21 percent in April to 47,469 tonnes year-on-year while shipments of ore and concentrates jumped 44 percent, customs data...

  • LONDON, May 23- Zinc prices gained on Tuesday after imports of the metal into top consumer China rose, underlining a tightening supply situation, but copper dipped on indications of healthy supply. Imports of refined zinc to China increased 21 percent in April to 47,469 tonnes year-on-year while shipments of ore and concentrates jumped 44 percent, customs data...

  • *Spot gold may gain further to $1,272/ ounce- technicals. Prime Minister Theresa May said the incident was being treated as a terrorist attack, making it the deadliest militant assault in Britain since four British Muslims killed 52 people in suicide bombings on London's transport system in July 2005. "Right now, precious metals prices are relatively quiet, this...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...