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  • MELBOURNE, Feb 9- London copper was underpinned by weakness in the dollar on Tuesday, with extremely low turnover as traders waited for the return of top consumer China next week for fresh signals on demand. Copper topped out at its highest in a month at $4,720 on Thursday and trade is expected to stay quiet with China out this week for the Lunar New Year break.

  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...

  • Over the past year scores of commodity-related businesses have filed for bankruptcy as prices for metals, energy and coal have plummeted amid a slowdown in markets such as China and Brazil. "This is due to a number of factors, principal among them is the sustained and dramatic decline in the price of primary aluminum," Chief Financial Officer Dale Boyles said in a...

  • Spot prices of uranium, used to make fuel for nuclear power production, have been depressed since the 2011 Fukushima disaster in Japan, which led to the shutdown of all reactors in that country, generating burdensome stockpiles globally. Its stock plunged more than 5 percent in Toronto and New York around midday. Contracting looks to significantly pick up in...

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Tahoe had also bought smaller rival Rio Alto Mining Ltd in a cash-and-share deal valued at C $1.4 billion last February to expand its presence in Latin America. Lake Shore Gold operates Timmins West and...

  • LONDON, Feb 8- Another day, another landmark low for the nickel price. London Metal Exchange three-month nickel traded down to $7,900 per tonne on Monday morning. "Not an inconceivable prospect by any means," according to one analyst, Leon Westgate of ICBC Standard Bank..

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Lake Shore Gold operates Timmins West and Bell Creek mines in Timmins, Ontario, while Tahoe has a mine in Guatemala and two mines in Peru. "The combination with Lake Shore Gold enhances Tahoe's position as the...

  • *France says will support New Caledonia nickel industry. Three-month nickel on the London Metal Exchange lurched down to $7,900 a tonne, the weakest since April 2003, before paring losses to $8,095, down 0.8 percent, by 1127 GMT. We think there's over one million tonnes of nickel inventories around, "said analyst David Wilson at Citi in London.

  • LONDON, Feb 8- European shares steadied in early trading on Monday after steep losses in the previous week, with some encouraging company updates and stronger mining stocks underpinning the market. Casino shares rose 5 percent after the French retailer said it had agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion...

  • Gold is a portfolio hedge: Head of investments Monday, 8 Feb 2016 | 3:09 AM ET
    Gold is a portfolio hedge: Head of investments

    Johanna Kyrklund, head of multi-asset investments at Schroders, says gold is attracting interest as a hedge for portfolios and talks about the Federal Reserve.

  • Demand for gold remains solid: Randgold CEO Monday, 8 Feb 2016 | 2:10 AM ET
    Demand for gold remains solid: Randgold CEO

    Mark Bristow, CEO of Randgold, discusses the gold market and his company. The share price of Randgold has risen 33 percent over the past three months.

  • *Coming up: euro zone Sentix index at 0930 GMT. MELBOURNE, Feb 8- Spot gold stepped back on Monday from near a three-month top hit the session before, after a U.S. jobs report cast some doubt over prospects for a quicker pace of rate hikes this year and pushed up the dollar. "We prefer gold," said analyst Lachlan Shaw of UBS.

  • *EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...

  • China says EU should take steel dumping claims to WTO Saturday, 6 Feb 2016 | 5:47 AM ET

    BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • NEW DELHI, Feb 5- India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market. Top Indian steel makers such as JSW Steel, Tata Steel Ltd, Jindal Steel& Power Ltd and Kalyani...

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • LONDON, Feb 5- Zinc is the stand-out amid the general industrial metals gloom right now. It helps that big mines such as Century in Australia and Lisheen in Ireland have just reached the end of their natural lives. Now a new, largely unexpected, ingredient has been thrown into the supply mix in the form of Horsehead Holding's shuttering of its zinc plant in North...

  • Under the supply deal, Europe's largest zinc smelter will ship physical zinc to Trafigura over three years, in return for a prepayment of $150 million, Nyrstar Chief Executive Bill Scotting said in an interview with Bloomberg. A spokesman for Nyrstar confirmed the Bloomberg story. A spokeswoman for Trafigura also confirmed the $150 million prepayment, but...

  • LONDON, Feb 5- Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday. Just 100,000 bpd out of the 96.1 million bpd of oil pumped worldwide have been closed so far since the price plunge, most of it in Canada's oil sands, conventional U.S. projects and...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...