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Materials and Metals Metals and Mining

  • *Trade swings to A $1.2 bln surplus from A $1.1 bln deficit. SYDNEY, Jan 6- Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall for mining profits, national income and tax revenues. Friday's data from the Australian Bureau of Statistics...

  • NEW YORK/ LONDON, Jan 5- Gold rose to its highest price in one month on Thursday as the dollar slipped further below a 14- year peak hit earlier this week, while palladium turned lower after extending this week's steep gains to a four-week high. Spot gold rose as much as 1.85 percent to its highest since Dec. 5 at $1,184.90 an ounce and was up 1.5 percent at $1,180.94 by...

  • LONDON, Jan 5- Gold touched its highest in four weeks on Thursday as the dollar slipped further from a 14- year peak hit earlier this week, while palladium and platinum extended weekly gains. Spot gold rose as much as 1.5 percent to its highest since Dec. 5 at $1,179.91 an ounce and was up 1.3 percent at $1,179.18 at 1511 GMT. U.S. gold futures climbed $14.50 to $1,179.60.

  • LONDON, Jan 5- Sucessive annual cuts in mining exploration bugets are expected to add impetus to a metal price revival in the coming years, as a lack of investment exacerbates deteriorating ore quality for key metals such as copper, zinc and nickel. Despite political turmoil in many parts of the world, expectations of robust growth mean metals-- along with most key...

  • LONDON, Jan 5- Copper steadied on Thursday as expectations of robust growth in China and a sharply strengthening yuan boosted optimism about demand in the world's largest consumer of industrial metals. Benchmark copper on the London Metal Exchange was down 0.2 percent at $5,636.5 a tonne at 1110 GMT. China's yuan recorded some of the biggest gains on record on...

  • *Coal mines hope prices stay strong as output slow to rise. By Meng Meng and Josephine Mason. BEIJING, Jan 5- China's top coal miners have mostly resisted pressure from Beijing to sign long-term fixed-price deals this year, in a bet that there's more money to be made in the spot market before government efforts to ease a supply crunch take effect.

  • *Rose overnight on copper-intensive China rail plan. SYDNEY, Jan 5- London copper recouped earlier losses on Thursday to build on a price surge overnight, aided by a brightening outlook for Chinese metals demand. The most-traded copper contract on the Shanghai Futures Exchange gained 0.88 percent to 45,760 yuan a tonne.

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plough 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the...

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plow 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the country's...

  • *China looking to shift away from coal energy. *Investment to create 13 mln jobs- NEA. BEIJING, Jan 5- China will invest 2.5 trillion yuan in renewable power generation between 2016 and 2020, the National Energy Administration said on Thursday, as the world's largest energy market pushes to shift away from coal power.

  • *Rose overnight on copper-intensive China rail plan. SYDNEY, Jan 5- London copper returned early gains on Thursday as some investors took profits following a price surge overnight on a brightening outlook for Chinese metals demand. The most-traded copper contract on the Shanghai Futures Exchange gained 0.88 percent to 45,760 yuan a tonne.

  • SYDNEY, Jan 5- Copper extended gains on Thursday, buoyed by a weaker U.S. dollar and a brightening outlook for demand in top metals consumer China. *Three-month copper on the London Metal Exchange had climbed 0.8 percent to $5,6090 a tonne by 0100 GMT, following a 2.6- percent rise overnight after China unveiled a metals-intensive railway construction plan.

  • NEW YORK, Jan 4- The former chief executive officer of a company linked to troubled hedge fund manager Platinum Partners was convicted of criminal tax fraud on Wednesday, New York's attorney general said in a statement. Gary Mole, who led Glacial Energy Holdings Inc before it went bankrupt in 2014, pleaded guilty to diverting more than $18.5 million in taxable...

  • LUSAKA, Jan 4- Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines, a unit of Vedanta Resources, in a dispute over the pace of wage talks, a union official said on Wednesday. The stoppage at the Konkola mine in Chililabombwe in northern Zambia began after a Dec. 31 target for completing talks on a 2017 pay...

  • *China to spend $115 billion on railroads. Much of the gains came after New York opened and copper broke through key resistance at $5,610 a tonne, traders said. Citi analyst David Wilson said that spending on railways in China would mean higher demand for copper wiring.

  • *China to spend $115 billion on railroads. Citi analyst David Wilson said that spending on railways in China would mean higher demand for copper wiring. Sentiment has been boosted by strong manufacturing data from the United States and China, which accounts for nearly half of global copper consumption estimated at about 22 million tonnes this year.

  • *Nickel mkt focuses on outlook for Indonesia export restrictions. SYDNEY, Jan 4- London copper recouped earlier losses in late Asian trading on Wednesday as the U.S. dollar lost some of its steam. Elsewhere, nickel was initially driven to fresh 3-1/ 2- month lows after big overnight losses in London on expectations Indonesia may ease restrictions on exports of ore...

  • *Nickel mkt focuses on outlook for Indonesia export restrictions. The most-traded copper contract on the Shanghai Futures Exchange dropped 2.6 percent to 44,840 yuan a tonne. Elsewhere, nickel was driven to fresh 3-1/ 2- month lows after big overnight losses in London on expectations Indonesia may ease restrictions on exports of ore soon, filling a gap in...

  • SYDNEY, Jan 4- Copper opened lower on Wednesday on the back of persistent strength in the U.S. dollar. *The most-traded copper contract on the Shanghai Futures Exchange dropped 1.5 percent to 45,320 yuan a tonne. *Poland's KGHM, which is one of the world's biggest copper producers, should not sell its foreign assets.

  • JOHANNESBURG, Jan 3- South African stocks kicked off 2017 in positive territory as a platinum rally spurred producers of the precious metal, while dollar strength knocked the volatile rand into the red. The benchmark Top-40 index gained 0.8 percent on Tuesday, the first day of trade after the long New Year weekend, to reach 44,261.26. Spot platinum was up almost...