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Materials and Metals Metals and Mining

  • LIMA, March 6- Workers at Cerro Verde mine, one of the largest copper producers in Peru, plan to start a five-day strike on Friday to demand better labor conditions, a union representative said on Monday. Cerro Verde is controlled by Freeport-McMoRan Inc, which owns a 53.56 percent stake. News of the Cerro Verde strike comes as output at the world's two biggest copper...

  • *Says anti-dumping duties unfairly link Russia with China. LONDON, March 6- Russia's largest steelmaker NLMK is well-placed to weather the impact of European Union and U.S. anti-dumping duties and may expand into new markets such as Turkey and Asia to secure greater profits, it said on Monday. The steelmaker, which is Russia's largest by output, predicts prices...

  • TORONTO, March 6- Mining stocks weighed on Canada's benchmark stock index on Monday as lower Chinese economic growth targets contributed to a softening in prices for metals. The most influential movers on the Canadian index included base metal miners First Quantum Minerals, which fell 4.7 percent to C $14.54 and Teck Resources Ltd, which lost 3.3 percent to C...

  • TORONTO, March 6- Mining stocks weighed on Canada's benchmark stock index on Monday as lower Chinese economic growth targets contributed to a softening in prices for metals. The most influential movers on the Canadian index included base metal miners First Quantum Minerals, which fell 4.7 percent to C $14.54 and Teck Resources Ltd, which lost 3.3 percent to C...

  • LONDON, March 6- Industrial metals are buzzing again. Tin, currently trading at $19,330 per tonne in London, is down 7.8 percent on the start of January. In Shanghai, where the price has arguably held up better, market open interest has slid from over 24,000 lots to just 13,400 over the same time-frame.

  • LONDON, March 6- Copper prices fell to a more than one-week low on Monday on concerns the metal had extended too much but supply disruptions at the world's two biggest copper mines provided some support. Three-month copper on the London Metal Exchange was down 0.9 percent to $5,865 tonne in official rings, its lowest since Feb. 24. "The super enthusiastic reception...

  • LONDON, March 6- Copper prices fell to a more than one-week low on Monday on concerns the metal had extended too much but supply disruptions at the world's two biggest copper mines provided some support. Three-month copper on the London Metal Exchange was down 0.9 percent to $5,865 tonne in official rings, its lowest since Feb. 24. "The super enthusiastic reception...

  • LONDON, March 6- Copper prices fell to a more than one-week low on Monday on concerns the metal had risen too far and as the dollar resumed its rally on expectations of an interest rate increase later this month. "The super enthusiastic reception to Donald Trump and a wider positive attitude for risky assets has gone a bit too far. Copper has risen about 15 percent...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.

  • MELBOURNE, March 6- London copper edged down on Monday amid risk-off sentiment in broader markets, but supported by protracted disruptions at the world's two biggest copper mines. Asian shares were on the defensive on Monday as investors weighed the near-certain prospect of an interest rate hike in the United States this month against news of slower growth in...

  • LAUNCESTON, Australia, March 6- China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. That's an unequivocal statement that gives political impetus to Beijing's plans...

  • *China cutting more excess capacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability.

  • MELBOURNE, March 6- London copper edged up Monday as prices found support from protracted disruptions at the world's two biggest copper mines, and a decline in the recent strength of the dollar. *London copper rose 0.3 percent to $5,937 a tonne by 0017 GMT, after closing a tad softer in the previous session. Prices have been trading around $5,800- $6,200 a tonne for...

  • LONDON, March 3- China's "Air Pollution Control" regulation was formally approved on Feb. 20 and published on Feb. 28. Some 40 percent of China's production capacity is potentially affected with analysts calculating a 1.3 million tonne hit on output. FACTBOX on China's new pollution-cutting measures:.

  • *China cutting overcapacity in coal and steel industries. SHUANGYASHAN, China, March 6- After protests by unpaid coal miners made headlines around the world last year as China's parliament was meeting, a $15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability. China is pledging to cut...

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.

  • BRAZIL NEW IRON ORE ROYALTY RATE 2-4 PERCENT, VARYING WITH COMMODITY PRICE MINING MINISTER.

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...