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Materials and Metals Metals and Mining

  • TORONTO, Sept 1- Canada's main stock index rose on Thursday, led by gold mining stocks after weak U.S. manufacturing data tempered expectations for Federal Reserve interest hikes. "Sloppy data" reduces expectations for a Fed rate hike in September, said Diana Avigdor, portfolio manager and head of trading at Barometer Capital Management. The Toronto Stock...

  • LA PAZ/ SANTIAGO, Sept 1- Bolivia responded to last week's murder of a government official by announcing a crackdown on mining cooperatives on Thursday, saying it would return contracts signed between them and private companies to state control. The beaten body of Deputy Interior Minister Rodolfo Illanes was found by the side of the road last week, hours after he...

  • Argentina has fallen behind its mineral-rich neighbors Chile and Peru in mining investment, despite containing rich deposits of copper, gold, silver and zinc. The government plans to send its mining bill to Congress early next year, he added. Ricardo Martínez, head of Buenos Aires- based mining consultancy Viento Andino, said Peru and Chile are each expecting...

  • Bulls target gold miners

    "Fast Money Halftime Report" trader Jon Najarian tracks big options moves in gold.

  • LA PAZ, Sept 1- Bolivia on Thursday announced a crackdown on the operations of mining co-operatives, a week after the murder of a government official who had attempted dialog with protesting miners. Three miners were arrested at the weekend for the murder of Deputy Interior Minister Rodolfo Illanes. President Evo Morales has accused the right-wing opposition...

  • LONDON, Sept 1- Rumours of the death of the iron ore market appear to have been greatly exaggerated. The spectrum of countries supplying iron ore to China, the world's biggest buyer, contracted sharply last year but is widening again this year. Also back as a supplier is Liberia after a near eight-month hiatus, while imports from other opportunistic suppliers such...

  • LONDON, Sept 1- Rumors of the death of the iron ore market appear to have been greatly exaggerated. The spectrum of countries supplying iron ore to China, the world's biggest buyer, contracted sharply last year but is widening again this year. Also back as a supplier is Liberia after a near eight-month hiatus, while imports from other opportunistic suppliers such...

  • *China manufacturing activity unexpectedly expands in August. LONDON, Sept 1- The price of zinc surged to its highest in more than 15 months on Thursday and other metals also rallied after upbeat factory data from the world's top metals consumer China spurred buying. Benchmark zinc on the London Metal Exchange rallied to $2,338.50 a tonne, its highest since May...

  • *Gold may retest support at $1,306- technicals. "With Friday's U.S. payrolls data looming large, we are seeing ranges tighten and skew to the downside as anticipation builds for a potential September interest rate hike," said Sam Laughlin, precious metals trader with MKS PAMP Group. Spot gold had slipped 0.1 percent to $1,306.81 per ounce by 0709 GMT.

  • *China manufacturing activity unexpectedly expands in August. MELBOURNE, Sept 1- London zinc, lead, and tin all rallied to their highest in more than a year on Thursday after a better than expected manufacturing report from China in August prompted buying across metals, especially those constrained by supply. London zinc rallied to its highest since May 2015,...

  • LAUNCESTON, Australia, Sept 1- China's imports of iron ore and coal remained robust in August, providing a fundamental justification for the ongoing resilience in the price of the two major bulk commodities. Imports of iron ore by China, buyer of about two-thirds of global seaborne supplies of the steel-making ingredient, were estimated at 89.26 million tonnes...

  • *China manufacturing activity unexpectedly expands in August. MELBOURNE, Sept 1- London copper shifted away from two-month lows and zinc neared 15- month highs on Thursday after China's manufacturing activity unexpectedly expanded in August, typically a quiet month for metals demand. Activity in China's manufacturing sector picked up last month, although...

  • *Spot gold edged higher 0.1 percent to $1,309.80 per ounce at 0047 GMT. The metal touched a low of $1,304.91 on Wednesday, its lowest since June 24. *On Wednesday, Boston Fed President Eric Rosengren said the Fed should consider that quicker interest rate rises over time could stave off risks to the economy, while Chicago Fed President Charles Evans said he is...

  • MELBOURNE, Sept 1- London copper was treading water on Thursday after failing to build enough momentum to move away from two-month lows, with markets waiting for a swathe of data that could shed fresh light on China's appetite for metals. *Shanghai Futures Exchange copper edged up 0.2 percent in the overnight session to 36,340 yuan a tonne. *Activity in China's...

  • Cooperman: Apple's best days might be behind it

    Leon Cooperman, Omega Advisors Chairman & CEO, shares his take on final trades including Delta Air Lines, United Continental, Apple and more.

  • *Netting credited with saving lives in deep South Africa mines. PHUTHADITJHABA, South Africa, Aug 31- Pakiso Matsemela recalls the day he lost the use of his legs, joining the long casualty list of a South African mining industry whose accident rate is again climbing after years of improvement. That was in May, 2009 and- while of no consolation to the paralysed...

  • TORONTO, Aug 31- Canada's main stock index fell on Wednesday as lower oil and gold prices weighed on energy and mining stocks. The most influential movers on the index included Suncor Energy Inc, which fell 1.9 percent to C $35.73, and TransCanada Corp, which declined 1.2 percent to C $59.14. At 10:40 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index...

  • President Barack Obama will urge leaders of the world's major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew said on Wednesday. The United States will also call for the Group of 20 leading economies to keep their steel industries from getting so big...

  • LONDON, Aug 31- European equities set a new two-week high on Wednesday, with gains for shares including Germany's Commerzbank and French construction-to-media conglomerate Bouygues offsetting losses in the mining sector. Financials were in demand, with Commerzbank rising 4.5 percent after Germany's Manager Magazin reported that Deutsche Bank had...

  • SHANGHAI, Aug 31- Baoshan Iron& Steel, China's top listed steelmaker, expects the country's apparent consumption of crude steel to drop to 680 million tonnes this year from 698 million in 2015, Dai Zhihao, its general manager, told an online briefing. Dai said Baosteel's parent company, China's No. 2 steel producer- the Shanghai- based Baosteel Group, would cut 12.20...