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Materials and Metals Metals and Mining

  • TORONTO, April 7- Canada's main stock index fell on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. Financial shares fell 0.5 percent as Canada's 10- year yield hit a four-month low at 1.505 percent. Bank of Montreal, Canada's fourth-biggest lender, said its Chief...

  • LONDON, April 7- U.S. coal producers can look forward to an increase in production and jobs during 2017/ 18 as the industry recovers from the depression of 2015/ 16.. Coal production slumped from 1 billion tons in 2014 to just 739 million tons in 2016, according to the U.S. Mine Safety and Health Administration. The three months between December 2015 and February 2016...

  • TORONTO, April 7- Canada's main stock index seesawed on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. The Toronto Stock Exchange's S&P/TSX composite index was up 5.05 points, or 0.03 percent, at 15,702.23, shortly after the open. Six of the index's 10 main groups were...

  • LONDON, April 7- Copper fell on Friday after a U.S. missile strike on Syria prompted investors to move out of riskier assets while the biggest sell-off in Chinese steel futures in two months spilled over into industrial metals. *CHINA STEEL: Base metals came under pressure after the most-active rebar on the Shanghai Futures Exchange closed down 4.9 percent at...

  • LONDON, April 7- Gold hit a five-month high on Friday as investors looking for safety piled into the precious metal after the United States fired cruise missiles at a Syrian airbase, escalating tensions with Russia and Iran. Russia, a staunch ally of Syria, said relations between Washington and Moscow had been seriously damaged by the strike which was in...

  • LONDON, April 7- Copper fell on Friday after a U.S. air strike on Syria prompted investors to move out of riskier assets and the biggest sell-off in Chinese steel futures in two months spilled over into industrial metals. *LME COPPER: Three-month copper on the London Metal Exchange was down 0.8 percent at $5,811.50 a tonne at 1117 GMT, adding to losses on Thursday and...

  • LONDON, April 7- Gold hit a five-month high on Friday as investors looking for safety piled into the precious metal after the United States fired dozens of cruise missiles at a Syrian airbase, escalating tensions with Russia and Iran. Russia, a staunch ally of Syria, said the strike had seriously damaged relations between Washington and Moscow after the U.S....

  • SYDNEY, April 7- London copper prices soured on Friday as European markets woke up to the news of a U.S. air strike on Syria, fuelling a wave of derisking in assets across the board. Bonds, gold and the yen jumped in Asia, while stocks retreated, as investors fled to safe assets after the United States launched cruise missiles against an airbase in Syria, raising the risk...

  • SYDNEY, April 7- London copper prices firmed on Friday as the U.S. dollar fell after the United States launched cruise missiles against an air base in Syria. Geopolitical concerns related to Syria will dominate markets over the next few days, with gold likely to climb and base metals easing if tension escalates, said analyst Daniel Morgan of UBS in Sydney.

  • SYDNEY, April 7- London copper firmed in early trading in Asia on Friday as the U.S. dollar fell after the United States launched cruise missiles against an air base in Syria. *MARKET REACTION: Stocks slumped and safe haven bonds and the yen jumped in Asia on Friday after the United States launched the missiles, potentially escalating the conflict and spooking...

  • MEXICO CITY, April 6- Mexico has extended until October a 15 percent tariff on 97 separate steel products imported from countries with which it does not share a free trade agreement, including China, the official government gazette said on Thursday. The tariff was first raised in 2015 to protect local producers, but has since been extended three times.

  • MANILA, April 6- A powerful cyclone in Australia has put supply of coking coal at risk, forcing big buyers like China and Japan to scour the world for alternative supplies and fueling a rally in prices as the world's top exporter braces for lost business. Russia, Mongolia, Mozambique and the United States would benefit from Australia's disrupted supply as steel...

  • *Nexen reduces output at Long Lake by 48 percent- sources. CALGARY, Alberta/ NEW YORK, April 6- Two oil sands producers in northern Alberta have cut production at their facilities due to a shortage of synthetic crude, market sources said on Thursday, causing Canadian and U.S. crude prices to surge to multi-year highs. CNOOC Ltd subsidiary Nexen Energy, which likewise...

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose by 1 percent on Thursday, posting a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures settled up 53 cents, or 1 percent, at $54.89 a barrel.

  • WASHINGTON, April 6- The chief executive of U.S. coal mining company Cloud Peak Energy urged President Donald Trump in a letter on Thursday to help shape global climate policies by keeping the United States in the Paris climate accord. The deal, agreed by nearly 200 countries in Paris in 2015, seeks to limit planetary warming by cutting emissions of carbon...

  • TORONTO, April 6- Barrick Gold Corp's near billion-dollar deal with Shandong Gold Mining Co Ltd represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China. The price tag, about 15 percent to 30 percent above some analysts' net asset valuations, is a feather in Chairman John...

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose more than 1 percent on Thursday, on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures gained 61 cents, or 1.1 percent, to $54.97 a barrel by 2:21 p.m. EDT.

  • LONDON, April 6- Copper closed lower on Thursday with investors largely cautious ahead of the first meeting between U.S. The United States is targeting a reduction in China's $347 billion goods trade surplus through tougher enforcement of trade laws and anti-dumping and anti-subsidy duties. "You've got Trump and Xi Jinping meeting, and that is uppermost in...

  • *Syncrude oil sands in Alberta shut after fire. NEW YORK, April 6- Oil prices rose nearly 1 percent on Thursday, on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures gained 43 cents, or 0.8 percent, to $54.80 a barrel by 10:57 a.m. EDT.

  • *Traders cautious ahead of U.S., China meeting. LONDON, April 6- Copper edged higher on Thursday as U.S. and European stocks picked up although trade was cautious ahead of President Donald Trump's meeting with his Chinese counterpart Xi Jinping. A run of upbeat economic data from major consumers China and the United States has fed into hopes for rising demand this...