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Materials and Metals Metals and Mining

  • LONDON, June 15- Some U.S. shale producers claim they can produce oil profitably with prices well below $50 per barrel or even $45 per barrel; the oil market is likely to put those claims to the test. As a result, U.S. shale producers together with other non- OPEC suppliers are expected to capture all of the increase in global oil demand in 2018 and raise their share of the...

  • The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

  • *Neometals considers splitting technology from mining business. LONDON, June 15- Australian lithium miner Neometals plans to list in New York and may spin off its processing technology in an attempt to boost its share value, Chief Executive Chris Reed said. "Mining is well understood in Australia.

  • MELBOURNE, June 15- London copper dipped to its lowest in a week on Thursday after the U.S. Amid a mixed economic outlook in the United States and slowing industrial activity in China exacerbated by the end of financial quarter, metals could come under further selling pressure, broker Kingdom Futures said in a report. *SHFE COPPER: Shanghai Futures Exchange copper...

  • The bad news is that 2017 may well see coal output and consumption increase from last year, and as usual with most things coal, it's all about China, which accounts for about half of global consumption. China is also the world's largest producer and importer of the fuel and while the authorities in Beijing have had success in reducing coal's share of the country's...

  • *Barrick, Tanzania teams set up to resolve export ban. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner, with three gold mines that also produce copper in the East African country. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the...

  • TORONTO, June 14- Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, and China Molybdenum Co Ltd have agreed to terminate discussions on CMOC's acquisition of Freeport's cobalt assets, Freeport said on Wednesday. China Moly had an exclusive right to negotiate for the assets, which includes the Kokkola Cobalt Refinery in Finland and the...

  • *Fed rate decision expected at 1800 GMT. LONDON, June 14- Copper was pushed lower ahead of an anticipated U.S. Higher rates interest rates in the United States are likely to lure investment away from emerging economies and boost the dollar, undermining metals prices, ABN AMRO analyst Casper Burgering said.

  • *Acacia, Tanzania teams set up to resolve export ban. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the construction of a local smelter to make the country's gold exports more valuable. "The company is ready to hold talks with the government of Tanzania over the payment...

  • *Fed rate decision expected at 1800 GMT. LONDON, June 14- Copper edged lower ahead of an expected U.S. 0.1 percent at $5,714 a tonne at 1045 GMT, after dropping 1.5 percent in the previous two sessions.

  • ULAANBAATAR, June 14- Mongolia's coal export earnings surged nearly fivefold in the first five months of the year, according to official data, with the country taking advantage of sanctions on North Korea to boost deliveries to China, its major customer. The value of Mongolia's coal exports rose to $1.01 billion in the first five months of 2017, 4.6- times higher...

  • *China steel output hit 72.26 mln T in May. BEIJING, June 14- China's steel output rose 1.8 percent in May from a year earlier, data from the country's statistics bureau showed on Wednesday, with mills in the world's top producer buoyed by robust margins despite government efforts to curb excess capacity. The most-traded rebar futures gained more than a quarter...

  • BUENOS AIRES, June 13- Argentina's national government and the governors of 20 provinces signed a mining deal on Tuesday to harmonize taxes and regulations in hopes of attracting investment, but the action was criticized by industry sources and environmentalists alike. The agreement, which needs approval from Congress and the 20 provincial legislatures,...

  • WASHINGTON— Market demand for the dirtiest of fossil fuels is plummeting worldwide, according to industry data published Tuesday, even as President Donald Trump has made reviving the long-struggling U.S. coal mines the bedrock of his administration's energy policy. The BP Statistical Review of World Energy shows global coal production fell by more than 6...

  • The production rise comes mainly from the oil sands and is an increase of 32.5 percent from last year's output of 3.85 million bpd and a 4 percent increase from last year's forecast of 4.9 million bpd by 2030, the Canadian Association of Petroleum Producers said in an annual report. Major projects at various stages of approval include Enbridge Inc's Line 3...

  • TORONTO, June 13- Canada's main stock index fell on Tuesday as heavyweight banking, energy and mining stocks weighed, while Shaw Communications Inc jumped after announcing deals to sell its data center business and buy wireless airwaves. First Quantum Minerals Ltd fell 4 percent to C $11.44, as copper prices eased from a near two-month high.

  • *Nickel slides to lowest since June 2016. LONDON, June 13- Nickel prices touched the lowest in a year on Tuesday and zinc also slid, pressured by a fall in Chinese steel prices and ahead of expected weaker Chinese data. "We expect the May China data to extend the downturn that began in April and would have negative implications for metals," said Caroline Bain, chief...

  • MONTREAL, June 13- The chief executive of Anglo-Australian miner Rio Tinto, which owns iron ore, diamond and aluminum mines and processing facilities in Canada, said on Tuesday that it was becoming tougher to do business in the resource-rich country. Calling it the "biggest mining and metals company in Canada," Jacques said Rio Tinto had paid C $3.9 billion in...

  • LAUNCESTON, Australia, June 13- When it comes to electrifying Asia the conventional wisdom has been that cheap beats green, meaning coal will continue to dominate the region's new power generation as renewables such as solar and wind can't compete. The representatives of the coal industry, as well as some respected industry analysts, presented a fairly bullish...

  • LONDON, June 13- Zinc prices slid on Tuesday, pressured by a fall in Chinese steel prices and ahead of expected weaker Chinese data and a likely hike in U.S. interest rates. "We expect the May China data to extend the downturn that began in April and would have negative implications for metals," said Caroline Bain, chief commodities economist at Capital Economics in...