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Materials and Metals Metals and Mining

  • SINGAPORE, Oct 17- The liquefied natural gas sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia. Despite an over 90 percent coal price rally to almost $100 a tonne, and even with relatively low LNG prices of $6.50 per million British thermal units, versus $20 per...

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminum makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminum...

  • *Nanshan Aluminium, Hongqaio Group seen as possible acquirers. MELBOURNE, Oct 17- China's giant aluminium makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. Zhongwang USA LLC, backed by Chinese aluminium...

  • MELBOURNE, Oct 17- London copper held above a one-month low on Monday after remarks by the Federal Reserve chair suggested the U.S. central bank may stick with loose monetary policy for longer, which shored up investor appetite for commodities. *Three-month copper on the London Metal Exchange edged up by 0.3 percent to $4,689.50 a tonne by 0106 GMT, having dropped...

  • TORONTO/ MELBOURNE, Oct 14- OceanaGold Corp has lost a claim seeking some $284 million in compensation from El Salvador for failing to issue permits allowing it to dig a gold mine in the Central American country, according to an arbitration decision announced on Friday. The World Bank's International Centre for Settlement of Investment Disputes found in favor...

  • TORONTO, Oct 14- Freeport-McMoRan said on Friday it will sell onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, part of a push by the world's biggest listed copper miner to reduce its multi-billion dollar debt. Under the transaction with private energy company Sentinel Peak, Freeport said it will receive $592...

  • Oct 14- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, said it would sell its onshore California oil and gas assets to Sentinel Peak Resources California LLC for up to $742 million, as part of its strategy to cut debt. The company's production in California, including onshore and offshore assets, was 13.46 million barrels of oil...

  • LONDON, Oct 14- Copper slipped to a one-month low on Friday after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting over-supply and weak demand. Germany's Aurubis will offer 2017 copper cathode to customers at a premium of $86 a tonne to the LME average cash price, down 6.5 percent from a premium of $92...

  • LONDON, Oct 14- Copper slipped on Friday after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting the oversupply and weak demand that helped push prices to a one-month low a day earlier. Germany's Aurubis will offer 2017 copper cathode to customers at a premium of $86 a tonne to the LME average cash price,...

  • *Spot gold seen in $1,250- $1,266 range- technicals Palladium touches new three-month low. LONDON, Oct 14- Gold fell on Friday as the dollar rose and investors focused on U.S. retail sales data and comments from Federal Reserve officials that could put the central bank on track to raise interest rates by year-end. "We are in the midst of one of those large Fed-related...

  • *Philippines is the world's top nickel ore supplier. MANILA, Oct 14- The Philippines' mining minister wants to prolong a ban on new mines and will review all environmental permits previously granted to the minerals industry, ramping up a campaign to clamp down on damage from the sector in the Southeast Asian nation. Miners criticised the proposals made on Friday...

  • *Philippines is the world's top nickel ore supplier. MANILA, Oct 14- The Philippines' environment minister on Friday said she wanted to ban new mines, ramping up a campaign to clamp down on damage from the minerals industry in the Southeast Asian nation. The Philippines is the world's top nickel ore supplier and an environmental crackdown that has halted a quarter...

  • MELBOURNE, Oct 14- London copper hovered near a one-month floor on Friday after poor trade data from China doused hopes of strong demand in the world's top metals user, while zinc and lead faced steep weekly falls on the prospect of rising supply. *Shanghai Futures Exchange copper shed 1.5 percent in the early session to 37280 yuan a tonne. *The United States has...

  • *China September trade data worse than expected. NEW YORK/ LONDON, Oct 13- Gold prices edged higher on Thursday as the dollar declined and world shares slipped following renewed worries about China's economy. "There is a lot of buying on the physical side in Asia, mainly from China and buying from exchange-traded funds after recent dips," said a precious metals...

  • Futures Now: Copper falls to 1-month lows

    The "Futures Now" team discusses copper falling to 1-month lows and where they see the commodity heading from here.

  • *China's Sept copper imports 340,000 T, lowest since Feb 2015. LONDON, Oct 13- Copper prices slipped almost three percent earlier on Thursday, after China's September trade data showed a sharp decline in imports, raising new concerns about demand in the world's biggest user of metals. China's September exports fell 10 percent from a year earlier, far more than...

  • LONDON, Oct 13- It's been a brutal couple of days for the zinc price. London Metal Exchange three-month metal slumped by $100 per tonne to $2,250 on Tuesday and the sell-off has extended to $2,210 today. The first came from Abraham Chahuan, general manager of the Antamina mine in Peru.

  • *China's Sept copper imports 340,000 T, lowest since Feb 2015. LONDON, Oct 13- Copper prices slipped almost three percent on Thursday after China's September trade data showed a sharp decline in imports, raising new concerns about demand in the world's biggest user of metals. "China's September data for copper is pretty poor and fits in with the idea that although...

  • LONDON, Oct 13- Copper prices slipped on Thursday after China's September trade data showed a sharp decline in imports, raising new concerns about demand in the world's biggest user of metals. China's imports of copper last month fell by 26.1 percent compared to September 2015 and, at 340,000 tonnes, were also lower by 10,000 tonnes from August.

  • Weak China trade data crushes European metal stocks

    CNBC's Nancy Hungerford reports on the early morning trading action in Europe as mining stocks get pressured by disappointing trade data from China.