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  • LONDON, April 7- Nickel slid more than 3 percent on Tuesday as bearish investors renewed a selloff of the metal which has been weighed down by oversupply and record inventories. While nickel prices may succumb to another onslaught in the short term, a prolonged downtrend is not sustainable due to the dynamics in the Chinese market, said analyst Nicholas Snowdon...

  • Speculators jump on bearish iron ore bandwagon Tuesday, 7 Apr 2015 | 5:29 AM ET

    By Gavin Maguire and Manolo Serapio Jr SINGAPORE, April 7- A global glut and collapsing Chinese demand have received most of the blame for the 60 percent slump in iron ore prices over the past year. Money managers have almost doubled their short positions in iron ore futures and options on the New York Mercantile Exchange since the start of 2015, while other large...

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 7- Coking coal prices are yet to show signs of bottoming with bearish signals from both contract talks between Australian producers and Japanese buyers as well as Chinese demand. Hard coking coal for second quarter delivery was settled at $109.50 a tonne free-on-board between producer BHP...

  • *Glencore, Tohoku set thermal coal price at $67.80/ T- sources. TOKYO, April 7- Mining group Glencore Xstrata Plc and Japan's Tohoku Electric Power Co have settled an annual Australian thermal-coal import contract 17 percent lower than a year earlier, sources with direct knowledge of the matter said on Tuesday. Glencore did not immediately respond to requests for...

  • More downside in store for iron ore prices: Pro Tuesday, 7 Apr 2015 | 12:05 AM ET
    More downside in store for iron ore prices: Pro

    Juerg Kiener, MD & CIO of Swiss Asia Capital, Singapore, says prices of the steel-making raw material could continue to fall due to strong supply and flagging demand.

  • MELBOURNE, April 7- London copper climbed on Tuesday as markets returned after an extended break, but buying was capped by persistent concerns over slowing growth in demand in the world's top metals user. *LME copper plumbed its weakest since March 20 at $5,952.50 last week, as it struggles to regain momentum from more than 5- year lows below $5,400 tipped in late...

  • SINGAPORE, April 7- Chinese steelmakers are unwittingly helping the world's biggest iron ore miners tighten their grip on global production by demanding to pay for shipments of the raw material based closely on depressed spot prices. The three largest and most profitable iron ore producers- Australia's Rio Tinto and BHP Billiton, along with Brazil's Vale-...

  • *Shanghai nickel's gains follow rebound in LME from 6- year low. SINGAPORE, April 3- Shanghai nickel climbed more than 3 percent on Friday, tracking a recovery in London futures from six-year lows plumbed this week in a sell-off fuelled by worries over weak demand for stainless steel in China. The Shanghai exchange began trading nickel and tin futures on March 27,...

  • *Shanghai nickel's gains follow recovery in LME from 6- year low. SINGAPORE, April 3- Shanghai nickel climbed nearly 3 percent on Friday, tracking a recovery in London futures from six-year lows plumbed this week in a sell-off fueled by worries over weak demand for stainless steel in China. The Shanghai exchange began trading nickel and tin futures on March 27,...

  • Japan's crude steel output for April-June is forecast to drop 7.8 percent from a year earlier to the lowest for the quarter in six years, the Ministry of Economy, Trade and Industry said on Thursday. The fall would mark the latest in a series of signs of economic slowdown, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy and...

  • *Bradken rejects cut-price offer, third in less than a year. SYDNEY, April 2- Koch Industries Inc and Pacific Equity Partners have made a $325 million approach for Australia's Bradken Ltd- half the price of bids it received last year and one that was summarily knocked back by the mining equipment maker. Bradken said the proposal did not represent fair value and it...

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 2- China takes steps to stimulate its vast housing sector and the manufacturing index surprises on the upside, and yet iron ore slips to another record low. The People's Bank of China on March 30 cut downpayment requirements for buyers of second homes, while the Ministry of Finance said...

  • Second rate cut by RBA is baked in: Expert Thursday, 2 Apr 2015 | 12:35 AM ET
    Second rate cut by RBA is baked in: Expert

    Campbell Dawson, director at Elstree Investment Management, discusses the possibility of another interest rate cut by the Reserve Bank of Australia next Tuesday.

  • Iron ore plunge stokes pressure for Australia rate cut Wednesday, 1 Apr 2015 | 9:56 PM ET

    SYDNEY, April 2- Pressure is mounting for a cut in Australian interest rates as soon as next week as plunging prices for iron ore, the country's single most valuable export earner, punish both mining profits and government tax revenue. The Reserve Bank of Australia holds its monthly policy meeting on April 7 and markets are wagering heavily it will follow up a...

  • NEW YORK, April 1- Barrick Gold Corp has lost its bid to dismiss a U.S. lawsuit that accuses the world's largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company's market value by billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders can pursue...

  • NEW YORK, April 1- Barrick Gold Corp lost its bid to dismiss a U.S. lawsuit accusing the world's largest gold producer of concealing problems at a troubled South American mine, and fraudulently inflated its market value by tens of billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders could pursue class action...

  • *Brazil, US physical premiums: http://link.reuters.com/buv44w. LONDON, April 1- U.S. aluminium producer Alcoa has this week announced the full shuttering of the Alumar smelter in Brazil. This was a period of rapid expansion of primary aluminium capacity in Brazil.

  • RIO DE JANEIRO, March 30- Nippon Steel& Sumitomo Metal Corp said on Monday it had reported Ternium SA to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The Japanese steelmaker said Ternium's move was an attempt to influence the vote for a new...

  • April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and...

  • Consol Energy's thermal coal unit files for IPO Wednesday, 1 Apr 2015 | 7:29 AM ET

    April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday. The filing had a nominal fundraising target of $250 million. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.