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  • MELBOURNE, Jan 22- London copper looked set for its biggest weekly gain since October on Friday, buoyed by a pick up in Chinese demand and after the European Central Bank injected some calm into broader markets by hinting at further policy easing. *Three-month copper on the London Metal Exchange was trading at $4,435.50 a tonne by 0107 GMT, holding 1.6- percent...

  • LONDON, Jan 21- The only way to make money out of producing aluminum, it seems, is not to produce any. Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange aluminum price to a six-year low of $1,432.50 in November. By the time it's finished Aluminum...

  • The government would need to negotiate any changes to the contract, an official from U.S.-based Drummond, the second biggest coal miner in Colombia, told Reuters. Colombia is the world's fifth-biggest coal exporter, shipping mainly to Europe after rising gas production in the United States crimped demand in that once-large market. Colombia set an export...

  • RIO DE JANEIRO, Jan 21- Brazil's Vale SA said on Thursday a court ordered the temporary suspension of activities at its Port of Tubarão, halting the world's largest iron ore exporter's ability to ship more than a third of its output because of environmental concerns. As a result of the order, imports and exports at one of Latin America's biggest and most important...

  • *China aluminium semi exports to pick up-Macquarie. LONDON, Jan 21- Copper and other base metals rebounded on Thursday after the head of the European Central Bank raised hopes of more monetary stimulus, prompting investors to buy back bearish positions. Prices had been languishing near the 6-1/ 2 year low of $4,318 a tonne hit on Jan. 15.

  • LONDON, Jan 21- The only way to make money out of producing aluminium, it seems, is not to produce any. Every component of the upstream company was profitable last year with the single exception of smelting, which was hit by the continued slide in the London Metal Exchange aluminium price to a six-year low of $1,432.50 in November. By the time it's finished Aluminum...

  • *Beijing to allocate $4.6 bln for small coal mine closures. HONG KONG/ BEIJING, Jan 21- China's plans to set up funds to manage coal and steel capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries. China's slowdown has hit...

  • *No improvement in key China data signals leg down for copper-UBS. LONDON, Jan 21- Zinc prices touched their lowest in a week on Thursday as investors renewed selling pressure on concern about oversupply, while the wider metals market was hit "Zinc is the clear under performer," Dee Perera at broker Marex Spectron said in a note. Three month benchmark zinc on the...

  • *Forbes-listed magnate once one of Australia's richest. MELBOURNE Jan 21- Larger-than-life mining magnate Clive Palmer was riding a boom in mineral prices less than two years ago and had become one of Australia's most influential politicians. Palmer did not return calls seeking comment but fellow Queensland- based independent lawmaker Bob Katter...

  • NEW YORK, Jan 20- Last year looks like it was an unwelcome watershed for the embattled U.S. coal industry. Data from the U.S. Energy Information Administration showed that power plants used more gas than coal to produce electricity in five of the first 10 months of 2015, including the last four months data was available- July, August, September and October.

  • *China tin producers to cut 2016 output by 17,000 tonnes. LONDON, Jan 20- Copper prices fell on Wednesday amid another relentless slide in oil prices and persistent worries over growth in China, though losses were limited by hopes Beijing would unveil more economic stimulus measures. "Concerns over China's growth are driving all of these markets, but compared to...

  • ATHENS, Jan 20- Greece's top administrative court has annulled the government's decision last year to revoke Eldorado Gold's mining licence, according to court documents published on Wednesday. The Canadian mining company had appealed to Greece's top court to overturn the ban on its plans to develop gold mines in a forested area of northern Greece, in a case...

  • MOSCOW, Jan 20- Global metals prices are likely to remain low in the medium term as it could take years for producers to run out of financing for loss-making assets, the deputy CEO of Norilsk Nickel, the world's No.1 nickel and palladium producer, told Reuters. About 70 percent of global nickel producers are currently loss-making, but Russia's Norilsk remains...

  • LONDON, Jan 20- Copper slipped on Wednesday amid another slide in oil prices and worries about growth in top metals user China, though losses were limited by hopes that Beijing would unveil more stimulus measures. China's volatile stock markets fell but avoided steep losses thanks to talk that more stimulus may be on the way. "Concerns over China's growth are...

  • DUBAI, Jan 20- Brazilian tycoon Eike Batista is transferring stakes in four more companies to Abu Dhabi's state-owned investment fund Mubadala Development as he continues to unwind his business empire. Once Brazil's richest man, Batista has been hard hit by the crash in the country's decade-long commodities boom which led to the collapse of his EBX mining,...

  • LONDON, Jan 20- Johnson Matthey has lifted its estimate of last year's platinum market deficit after a surge in Japanese bar investment late in the year, though it cut its expectations for the palladium market shortfall. Speaking at ETF Securities' annual investment conference on Wednesday, JM's general manager for market research Peter Duncan said he...

  • LONDON, Jan 20- Copper slipped on Wednesday amid a relentless slide in oil prices and worries about growth in top metals user China, though losses were limited by hopes Beijing would unveil more stimulus measures. China's volatile stock markets fell on Wednesday, but avoided steep losses thanks to talk that more stimulus may be on the way. "Concerns over China's...

  • LONDON, Jan 20- European basic resources and energy share indexes slumped to their lowest levels in more than 12 years on Wednesday, with a sharp decline in oil and metals prices scaring investors away from commodities stocks. Shares in commodities-related companies such as BHP Billiton, Anglo American, Glencore and Royal Dutch Shell fell 5.7 percent to 6.9...

  • LONDON, Jan 20- European basic resources and energy share indexes slumped to their lowest levels in more than 12 years on Wednesday, with a sharp decline in oil and metals prices scaring investors away from commodities stocks. The STOXX Europe 600 Basic Resources index fell 4.2 percent, while the region's oil and gas index slipped 3.8 percent, with both touching...

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...