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Materials and Metals Metals and Mining

  • *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...

  • MELBOURNE, Aug 31- London copper was set for a monthly drop in August, pushing it into negative territory for the year, while zinc, tin and lead eyed monthly advances. *London Metal Exchange copper had edged up 0.2 percent to $4,620 a tonne by 0047 GMT, after plumbing its weakest since June 24 at $4,600 a tonne on Tuesday due to mounting supply. *Shanghai Futures Exchange...

  • TORONTO, Aug 30- Canada's main stock index edged slightly higher on Tuesday as bank and fertilizer stocks rallied, but gains for the index were mostly pared as lower gold prices weighed on mining stocks. The Toronto Stock Exchange's S&P/TSX composite index has rebounded 27 percent after hitting a three-year low in January. The Toronto Stock Exchange's S&P/TSX...

  • WINNIPEG, Manitoba/ WASHINGTON, Aug 30- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a deal that would create a fertilizer and farm retailing giant worth more than $25 billion but also trigger U.S. regulatory scrutiny. Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North...

  • WINNIPEG, Manitoba/ WASHINGTON, Aug 30- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a deal that would create a fertilizer and farm retailing giant worth more than $25 billion but also trigger U.S. regulatory scrutiny. Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North...

  • SANTIAGO, Aug 30- Workers at Chilean state-owned miner Codelco's smallest copper mine began voting on Tuesday whether to accept a wage offer or go on strike, a potential headache for the company as it finds itself in a delicate financial position. Union leaders at the Salvador mine in Chile's arid north say they are opposed to the wage offer and complain that...

  • *Minerals, metals, fuels account for 60 pct of Africa exports. *AngloGold says Ghana govt breached obligations over Obuasi. OBUASI, Ghana, Aug 30- Two years after AngloGold Ashanti suspended production at its giant but loss-making gold mine in Obuasi, central Ghana, the boom of underground explosions has resumed.

  • WINNIPEG, Manitoba, Aug 30- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Tuesday they are in talks to merge, a tie-up that would create a global fertilizer and farm retailing giant as the agriculture sector struggles with soft crop prices. Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest...

  • TORONTO, Aug 30- Canada's main stock index rose in early trade on Tuesday, boosted by a rebound in energy stocks and further gains for financials, while a report of a possible merger sent shares of two fertilizer companies soaring. Shares of fertilizer companies Potash Corp and Agrium Inc jumped after Bloomberg reported that the two are in talks to merge.

  • LONDON, Aug 30- It's been nearly a year since Glencore announced it was mothballing half a million tonnes of mined zinc capacity. Three-month metal is currently trading just above $2,300 per tonne, compared with $1,700 at the time of the announcement back in October 2015. Several analysts tried to pin Glencore Chief Executive Ivan Glasenberg down on the...

  • *Minerals, metals, fuels account for 60 pct of Africa exports. *AngloGold says Ghana govt breached obligations over Obuasi. OBUASI, Ghana, Aug 30- Two years after AngloGold Ashanti suspended production at its giant but loss-making gold mine in Obuasi, central Ghana, the boom of underground explosions has resumed.

  • A floor hand helps line up a pipe while drilling for oil in the Bakken shale formation near Watford City, North Dakota.

    Oil markets could see an increased risk of another major jolt if prices continue remain at current levels, the chief executive of Vedanta Resources said.

  • *China August industrial output likely shrank in August. MELBOURNE, Aug 30- London copper dipped to a 10- week low on Tuesday after falling for the last six sessions, as the market waits for U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike. It's being battered by some quite conflicting data, then you've got the Fed and...