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Materials and Metals Metals and Mining

  • LONDON, Dec 30- Britain's blue-chip FTSE 100 index closed 2016 at a record high level on Friday, with a blistering rally in mining stocks and a sharp fall in sterling after June's shock Brexit vote boosting the market. The FTSE's climb was also due to a strong rally in the mining sub-index, which jumped 101.5 percent in 2016 on stronger metals prices and...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • PARIS, Dec 30- The government of New Caledonia has approved requests from three mining companies to export as much as 2 million tonnes of low-purity nickel ore annually to China as part of efforts to help the industry to recover from a prolonged slump in prices. The decision, dated Dec. 27 and posted on the government's website, marks the second time this year that...

  • *Britain's FTSE among top performers in Europe. The FTSE 100 has gained 14 percent in 2016 to trade just below a record high set in October, making it the best performer among major European stock indexes despite the shock of June's Brexit vote. "The latest GDP figures point to a strong UK economy which has probably accounted for some of the pick-up in equity prices...

  • A Tesla electric car at a charging station.

    Out with the oil and in with electric.

  • *Spot gold hits highest since Dec. 14. Spot gold was up 0.1 percent at $1,159.36 an ounce by 0325 GMT, having earlier hit a more than two-week high of $1,163.14 an ounce. "Gold made robust gains as demand surged during the periods of economic and political uncertainty until the third quarter," said Mihir Kapadia, CEO of London- based Sun Global Investments Ltd. The safe...

  • TORONTO, Dec 29- Canada's main stock index rose on Thursday as stocks rallied broadly in light holiday trading, closing at the highest level since April 2015. The Toronto Stock Exchange's S&P/TSX composite index rose 61.02 points, or 0.4 percent, to 15,422.12. Barrick Gold rose 6.8 percent to C $22.12, Silver Wheaton Corp advanced 9.0 percent to C $27.32, while...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • TORONTO, Dec 29- Canada's main stock index rose on Thursday as stocks rallied broadly in light holiday trading, at one point touching its highest level since April 2015. Barrick Gold rose 4.9 percent to C $21.72, Silver Wheaton Corp advanced 6.3 percent to C $26.64, and Agnico Eagle Mines Ltd climbed 5.3 percent to C $57.81. At 10:27 a.m. ET, the Toronto Stock...

  • TORONTO, Dec 29- Canada's main stock index edged marginally higher on Thursday, as gains in gold stocks helped offset losses in the key financial and energy groups. The Toronto Stock Exchange's S&P/TSX composite index rose 12.13 points, or 0.08 percent, to 15,373.23 shortly after the open. Five of the index's 10 main groups were moderately positive.

  • LONDON, Dec 29- Oil's plunge to its lowest in over a decade and fears over China's economy hammered global commodity markets and share prices earlier this year, but investors who held their nerve will be partying the hardest this holiday season. Shares in mining and commodity trading giant Glencore are up 200 percent this year and shares in Anglo American are up...

  • SYDNEY, Dec 29- Shanghai copper futures followed the London contract lower on Thursday as the U.S. dollar sagged in Asia. *The most-traded copper contract on the Shanghai Futures Exchange was 0.13 percent lower at 45,470 yuan a tonne. *The Office of the Comptroller of the Currency said on Wednesday it had submitted a rule to the Federal Register to prohibit U.S....

  • TORONTO, Dec 28- Canada's main stock index ended slightly higher on Wednesday as gold mining stocks lead gains in quiet trading. Canada volumes are off about 40 percent from where they generally are, "said Ian Scott, equity analyst at Manulife Asset Management. Barrick Gold rose 5.2 percent to C $20.71, and Goldcorp Inc climbed 4.8 percent to C $17.85.

  • *FTSE 100 posts record closing level. LONDON, Dec 28- European shares inched up in quiet festive trade on Wednesday, with stronger mining stocks underpinning the broader market and helping Britain's FTSE 100 to a record closing level. The STOXX Europe 600 closed 0.3 percent higher, while the FTSE, which reopened on Wednesday after the Christmas break, was up 0.5...

  • SAO PAULO, Dec 28- Latin American stocks rose on Wednesday as prices of iron ore soared and crude hit its highest in the year, supporting demand for assets from commodity-heavy economies. Shares in Vale SA were the biggest gainers in Brazil's benchmark Bovespa stock index, while stocks in Gerdau SA extended gains for a third day. Key Latin American stock indexes...

  • SYDNEY, Dec 28- Chinese copper futures led an across-the-board gain in base metals on the Shanghai Futures Exchange, also sweeping LME copper higher in the post-holiday resumption of trade. *The most-traded copper contract on the Shanghai Futures Exchange was 2.8 percent higher at 45,590 yuan a tonne at 0110 GMT, after rising more than 3 percent at the open.

  • SAO PAULO, Dec 27- Brazilian stocks rose on Tuesday, boosted by shares of miner Vale and steelmakers as iron ore prices broke a nine-day losing streak. Shares of Vale SA closed up 1.23 percent while shares of steelmaker Companhia Siderúrgica Nacional SA closed up 5.61 percent. Mexico's stock index closed up 0.69 percent, helped The Mexican peso weakened 0.64...

  • China- listed iron ore future contracts eked out gains after falling for nine straight days. Shares of miner Vale SA advanced 1.3 percent, adding the most points to Brazil's benchmark Bovespa stock index, while shares in steelmaker Cia Siderúrgica Nacional SA led the gains. Crude prices have gained support from a deal between OPEC and non- OPEC producers to cut...

  • BEIJING, Dec 27- Shanghai zinc and nickel prices extended losses on Tuesday, as speculators continued to book profits from the metals' recent meteoric run-up and concerns about demand growth in the world's top commodities market lingered. *The most-traded copper contract on the Shanghai Futures Exchange rose 0.3 percent to settle at 44,340 yuan a tonne in thin...