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  • *Iran to lead supply growth within OPEC. LONDON, Feb 22- Oil production in the United States will reach a record high by 2021 as efficiency gains help domestic producers to combat the low prices that are likely to force hefty output cuts this year and next, the International Energy Agency said on Monday. U.S. shale oil was the main target of OPEC's 15- month-old policy...

  • Feb 22- Wall Street was on track to open sharply higher on Monday as prices of crude oil and other commodities surged, pointing to an uptick in investors' risk appetite following a rout in global markets. Crude prices were up more than 5 percent after data showed a fall in U.S. rig counts and the International Energy Agency said it expects U.S. shale oil output to fall.

  • LONDON, Feb 22- Oil prices rose 5 percent on Monday after the world's oil consumer body said it expected U.S. shale production to fall this year and next, potentially reducing the glut in supplies that has driven prices to their lowest level in over a decade. International benchmark Brent crude futures were up $1.61, or 4.9 percent, at $34.62 a barrel at 1326 GMT, while...

  • MILAN, Feb 22- European stocks rose on Monday as firmer mining company shares helped to offset concerns about Britain's potential exit from the European Union and a fall in HSBC's shares. Britain's FTSE 100 was up 1.2 percent, while Germany's DAX gained 1.9 percent and France's CAC rose 1.7 percent. Analysts also cited uncertainty over the outcome of Britain's...

  • LONDON, Feb 22- Oil rose after the world's oil consumer body said on Monday it expected U.S. shale production to fall this year and next, potentially easing a glut that has driven prices to their lowest in more than a decade. International benchmark Brent crude futures were up $1.05, or 3.2 percent, at $34.06 a barrel at 1134 GMT, while U.S. crude futures broke through...

  • *Break above $1,790 in zinc to spur further buying. Investor buying lifted industrial metals along with oil and equity markets, including shares in China, the world's top consumer of metals. Three-month zinc on the London Metal Exchange climbed 2 percent to $1,778.50 a tonne by 1040 GMT, the strongest since Oct. 23, extending near 3 percent gains on Friday.

  • The resource sector is struggling: CEO

    Ian Harebottle, CEO of Gemfields, discusses the sector and shares his company's recent earnings results.

  • MILAN, Feb 22- European shares were higher in early trading on Monday following gains in Asia, and helped by a recovery in the prices of crude oil and other commodities. Miners were the top sectoral gainer, up 2.3 percent, after copper rose to its highest level in over two weeks as an uptick in China's beleaguered steel industry sparked hope for a revival in metals...

  • Arrium's business outlook

    MineLife's Gavin Wendt says Arrium still has to address issues such as cost cutting and deciding if its steel business unit has a future.

  • MELBOURNE, Feb 22- London copper rose to its highest in more than two weeks on Monday as the resignation of the head of China's securities regulator and an uptick from the country's beleaguered steel industry sparked hope for metals demand. China's major stock indexes opened higher on Monday, as investors welcomed news over the weekend that Xiao Gang, chairman...

  • MELBOURNE, Feb 22- London copper rose to its highest in nearly two weeks on Monday after the resignation of the head of China's securities regulator, and an uptick from the country's bealeagured steel industry, sparking hope for metals demand. *Shanghai Futures Exchange copper rallied 0.9 percent to 36070 yuan a tonne. *Iron ore prices rallied nearly 5 percent on...

  • BlueScope said H1 net profit more than doubled after it took full ownership of a U.S. mill in the U.S. and due to a declining Australian dollar.

  • "OPEC, instead of cutting production, they increased production, and that's the predicament we're in right now," Bill Thomas, chief executive of EOG Resources Inc, one of the largest U.S. shale oil producers, told an industry conference last week, referring to 2015.. It will be Naimi's first public appearance in the United States since Saudi Arabia led the...

  • Fast Money Trader Brian Kelly explains why Gold is about to soar

  • LONDON, Feb 19- Liberty Steel has expanded its investment in the troubled UK steel sector by buying a second plant, but warned it could move planned work overseas if it could not secure a reliable and affordable energy supply. Sanjeev Gupta, executive chairman of Liberty Group, said his hope was to move equipment from the plant to Wales to increase steelmaking at...

  • "There are a number of factors that have come into play that suggests we're at a market bottom," said Wiktor Bielski, head of commodities research at VTB Capital in London, referring to the broad industrial metals market. Three-month copper on the London Metal Exchange hit a peak of $4,631.50 a tonne, the highest since Feb. 9, before paring gains to close up 1 percent at...

  • LUSAKA, Feb 19- The Zambia Chamber of Mines said on Friday the new price-based copper royalty approved by the government would boost investment in new projects in Africa's second-biggest copper producer. Zambia will next month start implementing its new royalty system that varies depending on the copper price as it seeks to keep struggling mines open and...

  • Copper was set to post a fourth weekly gain in five, as traders bought into low prices to build stocks ahead of a stronger season for demand in top user China. "There are a number of factors that have come into play that suggests we're at a market bottom," said Wiktor Bielski, head of commodities research at VTB Capital in London, referring to the broad industrial metals...

  • Will negative interest rates have a benefit?

    Erik Norland, senior economist at CME Group, talks about the impact of negative interest rates on currencies and gold.

  • *Spot zinc treatment charges dive to $125- $130 in China- traders. *Annual zinc TCs seen at $180- $200 a tonne. Spot treatment charges have slumped to $125- $130 a tonne this week from $180- $200 at the end of last year, three concentrate traders told Reuters.