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  • The Phoenix, Arizona- based company said it was looking to advance the sale of interests in certain mining assets to help reduce its debt, which stood at $20.43 billion at the end of December, nearly four times its market value of about $5 billion. The company's average realized price for copper in the quarter fell to $2.18 a pound, from $2.95 in the same period last...

  • *China stocks lead Asia lower as oil tumbles below $30. LONDON, Jan 26- Copper and zinc hit multi-week peaks on Tuesday, bucking a weaker trend in other markets, as speculators bought back short positions ahead of a holiday break in top metals consumer China. The lack of clarity ahead of the Chinese new year and a U.S. central bank meeting led investors to cancel some of...

  • *China stocks lead Asia lower as oil tumbles below $30. *Freeport yet to pay Indonesia smelter deposit. Weak demand from top copper consumer China remains a key concern for the metal, said Helen Lau, analyst at Argonaut Securities in Hong Kong, muting the impact of recent output cuts The most-traded March copper contract on the Shanghai Futures Exchange slipped...

  • *Freeport yet to pay Indonesia smelter deposit. Three-month copper on the London Metal Exchange was up 0.2 percent at $4,424 a tonne by 0448 GMT, well off a session high of $4,450. "Weak demand from top copper consumer China remains a key concern for the metal," said Helen Lau, analyst at Argonaut Securities in Hong Kong, muting the impact of recent production cuts by...

  • *Govt wants Freeport to pay $530 mln smelter deposit. Freeport, which has seen its stock plummet over 70 percent in the last three months as commodity markets plunge, could be forced to halt exports from its massive Grasberg copper and gold mine in Papua if it fails to meet government obligations. Freeport executives are expected to discuss the issue with the...

  • MANILA, Jan 26- Copper edged higher on Tuesday, buoyed by a weaker dollar, but sliding oil prices suggest gains could be fragile as a slowing global economy curbs risk appetite. *Copper is forecast to average at $4,858 a tonne this year, which would be its lowest average in more than a decade, due to weak demand growth in top consumer China and a supply overhang, a Reuters...

  • SAN FRANCISCO, Jan 25- California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Mark Sektnan, president of the Association of California Insurance Companies, said his members...

  • SAN FRANCISCO, Jan 25- California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Jones is the first state insurance regulator in the United States to call on insurance companies...

  • LONDON, Jan 25- ArcelorMittal has idled a steel plant in Spain due to "extremely adverse" market conditions, a company spokesman said on Monday, as the world's biggest steelmaker becomes the latest victim of Europe's steel sector crisis. Steelmakers pin much of the blame on China, whose exports rose to record levels above 110 million tonnes last year.

  • LONDON, Jan 25- Copper retreated on Monday after two sessions of gains as oil prices dropped again, though a weaker dollar and firmer equity markets in top metals consumer China helped to limit losses. "The base metals are following oil down," said analyst Daniel Briesemann at Commerzbank in Frankfurt. Oil prices fell 4 percent as Iraq announced record-high oil...

  • LONDON, Jan 25- ArcelorMittal has idled a steel plant in Spain due to "extremely adverse" market conditions, a company spokesman said on Monday, as the world's biggest steelmaker becomes the latest victim of Europe's steel sector crisis. Steelmakers pin much of the blame on China, whose exports rose to record levels above 110 million tonnes last year.

  • LONDON, Jan 25- Copper retreated on Monday after two sessions of gains as oil prices dropped again, though a weaker dollar and firmer equity markets in top metals consumer China helped limit the losses. Three-month copper on the London Metal Exchange shed 0.6 percent to $4,417 a tonne by 1449 GMT. "The base metals are following oil down," said analyst Daniel...

  • LONDON, Jan 25- ArcelorMittal has idled its steel plant in Sestao, Spain due to "extremely adverse" market conditions, a company spokesman said on Monday, citing tumbling steel prices and record Chinese imports. The plant, which has a 1.5 million tonne per year capacity, will be idled indefinitely. Arcelormittal is the world's biggest steelmaker, producing some 5-6...

  • Figures from the World Steel Association on Monday showed that global steel output fell to 1.623 billion tonnes in 2015, with output in China-- the metal's top producer and consumer-- registering its first drop in three decades, falling 2.3 percent to 803.8 million tonnes. China's government is pushing to erode massive overcapacity in the sector as economic...

  • LONDON, Jan 25- Copper edged higher on Monday, extending gains to a third session, supported by a weaker dollar and firmer equity prices in top metals consumer China, though a drop in oil prices weighed on other base metals. "Equity markets in Asia and Europe are okay, which is giving some support to metals prices," said analyst Daniel Briesemann at Commerzbank in...

  • A worker polishes steel coils at a factory of Dongbei Special Steel Group in Dalian, China.

    Beaten down metals prices may find some support as China's raw-materials dependent sectors begin to show some modest improvement, Goldman Sachs said.

  • SINGAPORE, Jan 25- Copper lost ground on Monday, snapping two sessions of gains and coming off a two-week high, dragged by expectations of a firm U.S. dollar and concerns about demand in top consumer China. "The Bank of Japan and European Union have hinted at easing their policies and that will send the U.S. dollar higher," said Helen Lau, an analyst at Argonaut...

  • SINGAPORE, Jan 25- London copper rose for a third consecutive session on Monday, trading close to last week's two-week high with prices underpinned by gains in stock markets and signs of strength in China's physical demand. *Copper premiums in China rose to $95- $100 last week, the highest since late October as Chinese stockpiling picked up ahead of next month's...

  • *Low oil prices call traditional strategy into question. RIYADH, Jan 24- Saudi Arabia aims to at least double annual inflows of foreign direct investment over the next 10 years by focusing on new sectors such as mining, health care and information technology, the head of its investment agency said on Sunday. The plan outlined by Abdullatif al-Othman, governor of...

  • PERTH, Jan 23- Embattled mining magnate Clive Palmer said he has transferred A $250 million in assets from two mining companies to his Queensland Nickel refinery, in comments made in a television interview broadcast on Saturday after the refinery went into voluntary administration earlier this week. Assets from two of Palmer's privately-held mining...