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Materials and Metals Metals and Mining

  • LONDON, July 17- A global deficit of copper will deepen this year as more mines in South America are due to be hit by strikes, although the market has already priced in the further disruptions, a Reuters poll showed. Earlier in the year the copper market was hit by a long strike at Chile's Escondida, the world's largest copper mine and a stoppage at No. 2 Grasberg mine in...

  • LONDON, July 17- A global deficit of copper will deepen this year as more mines in South America are due to be hit by strikes, although the market has already priced in the further disruptions, a Reuters poll showed. Earlier in the year the copper market was hit by a long strike at Chile's Escondida, the world's largest copper mine and a stoppage at No. 2 Grasberg mine in...

  • *Palladium seen averaging $811/ oz in 2017. *Palladium seen at $849, platinum at $1,050 in 2018. A poll of 26 analysts and traders conducted by Reuters this month returned an average palladium price forecast of $811 an ounce for this year, 5 percent above an average view of $770 returned by a similar poll conducted in early April.

  • *Vladimir Lisin is Russia's third richest man. MOSCOW, July 17- UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is considering stock market listings of its rail, shipping and stevedoring firms, Dmitry Lisin, Lisin's son, told Reuters. Initial public offerings are an option for Freight One, Russia's largest private railway operator,...

  • LONDON, July 17- Platinum miner Lonmin cut more costs and improved its mining performance in its third quarter, it said on Monday, but falling metal prices continued to weigh. Shares in the South Africa- focused company were up 7 percent in London by 0920 GMT, outpacing the wider sector. Net cash improved to $86 million from $75 million at the end of the previous...

  • *Asia, Europe stocks gain on Wall Street records, robust China. *Copper hit's 4-1/ 2 month high after China data. LONDON, July 17- Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/ 2 month peak and left emerging market stocks buyers cheering a near five percent gain in the last five days.

  • MELBOURNE, July 17- London copper hit its highest since early March on Monday, supported by a weaker dollar and as an upbeat second quarter for China's economy brightened demand prospects for metals. China's economy grew 6.9 percent in the second quarter from a year earlier, faster than expected and in line with the first quarter's growth. The property backdrop...

  • MELBOURNE, July 17- London copper hit its highest since early March on Monday, supported by a weaker dollar and as an upbeat second quarter for China's economy brightened demand prospects for metals. China's economy grew 6.9 percent in the second quarter from a year earlier, faster than expected and in line with the first quarter's growth. The property backdrop...

  • *Gold trades above 200- day moving average. *Platinum rises to highest in 2 weeks. BENGALURU, July 17- Gold prices edged up on Monday as the U.S. dollar fell to multi-month lows after the prospect for further interest rate hikes in the United States this year dimmed following softer U.S. economic data last week.

  • MELBOURNE, July 17- London copper hit its highest since early March on Monday, supported by a weaker dollar and as an upbeat second quarter for China's economy brightened demand prospects for metals. China's economy grew 6.9 percent in the second quarter from a year earlier, faster than expected and in line with the first quarter's growth. The property backdrop...

  • BEIJING/ MELBOURNE, July 17- China churned out record amounts of steel and aluminum in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output of low-grade metal. That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United...

  • BEIJING/ MELBOURNE, July 17- China churned out record amounts of steel and aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on output of low-grade metal. That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United...

  • MELBOURNE, July 17- London copper edged up to its highest in two weeks on Monday, supported by a weaker dollar and an upbeat second quarter for China's economy which brightened demand prospects for metals. China's economy grew 6.9 percent in the second quarter from a year earlier, faster than expected and in line with the first quarter's growth.

  • BEIJING, July 17- China's coal production rose 10.6 percent to 308 million tonnes in June from a year ago, data showed on Monday, as miners ramped up output to meet a pick-up in demand during the hot summer months, data from the National Statistics Bureau showed. The National Statistics Bureau also showed coke output fell 1.4 percent in June from a year ago to 38.16...

  • MINNEAPOLIS— The fight over whether to allow copper-nickel mining near the Boundary Waters Canoe Area of northeastern Minnesota is shifting to the capital city as the U.S. Forest Service opens a new set of public meetings on its proposal to bar minerals exploration and development on more than 234,000 acres near the pristine wilderness for up to 20 years.

  • WASHINGTON, July 14- American manufacturers, energy companies and retailers reliant on cheap steel are quietly lobbying against President Donald Trump's desire to impose tariffs on steel imports ahead of possible decision by the U.S. Commerce Department next week. The Commerce Department could issue findings on the matter as early as next week, a decision...

  • WASHINGTON, July 14- American manufacturers, energy companies and retailers reliant on cheap steel are quietly lobbying against President Donald Trump's desire to impose tariffs on steel imports ahead of possible decision by the U.S. Commerce Department next week. The Commerce Department could issue findings on the matter as early as next week, a decision...

  • WASHINGTON, July 14- American manufacturers, energy companies and retailers reliant on cheap steel are quietly lobbying against President Donald Trump's desire to impose tariffs on steel imports ahead of possible decision by the U.S. Commerce Department next week. The Commerce Department could issue findings on the matter as early as next week, a decision...

  • WASHINGTON, July 14- American manufacturers, energy companies and retailers reliant on cheap steel are quietly lobbying against President Donald Trump's desire to impose tariffs on steel imports ahead of possible decision by the U.S. Commerce Department next week. The Commerce Department could issue findings on the matter as early as next week, a decision...

  • TORONTO, July 14- Canada's main stock index rose on Friday as gold stocks, burnished by stronger gold prices, and energy firms, helped lead the market. Barrick Gold was the most influential mover on the index, rising 1.9 percent to C $20.36. Late on Thursday, a union representing workers at the Zaldivar copper mine in Chile, owned by Barick and Antofagasta Plc, said...