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Materials and Metals Metals and Mining

  • LONDON, Nov 4- Zinc slipped on Friday from a five-year high as funds reversed bets on higher prices after U.S. data reinforced expectations interest rates will rise in December, but large deficits this year and next are expected to reinforce upward pressure. Benchmark zinc was down 1.2 percent at $2,459 a tonne at 1347 GMT from an earlier high of $2,491.50.

  • ZURICH, Nov 4- LafargeHolcim is upbeat about the prospects for the U.S. construction market as cost savings and price increases let the world's largest cement maker cushion the impact of weaker sales volumes during its third quarter, it said on Friday. Despite a 5 percent decline in cement volumes in the United States, the Swiss construction materials giant said...

  • LONDON, Nov 4- Zinc slipped on Friday from five year highs as funds reversed bets on higher prices ahead of a key report on the health of the U.S. economy, but large deficits this year and next are expected to reinforce upward pressure. Benchmark zinc was down one percent at $2,461 a tonne at 1027 GMT from an earlier high at $2,491.50. The metal used to galvanize steel...

  • WASHINGTON, Nov 4- Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that...

  • Surprised by level of commodity optimism

    Colin Hamilton, global head of commodities research at Macquarie, discusses what to expect in the commodity markets next year.

  • LAUNCESTON, Australia, Nov 4- Rio Tinto's decision to quit the world's largest undeveloped iron ore deposit in Guinea is essentially a bet on how quickly and cheaply the new Chinese owners can develop the mine. Investors have generally welcomed the sale of the Simandou project by Rio to Chinese metals producer Chinalco for between $1.1 billion and $1.3 billion,...

  • The Arkyd 100 (A100) small satellite used by Planetary Resources to gather compositional data of asteroids during prospecting missions.

    Space mining is a reality, so governments must collaborate to advance humanity, according to one scientist

  • MELBOURNE, Nov 4- London zinc hovered near its highest in more than five years on Friday, while LME copper steadied just below a three-month top, supported by a softer dollar and stronger than expected China demand. *A flurry of data from China in the coming weeks is expected to reinforce views that the world's second-largest economy is stabilizing, despite...

  • Fortescue PKG

    Fortescue Metals Group's Nev Power expects iron ore and steel demand to remain strong as China undergoes the urbanization process.

  • FRANKFURT, Nov 3- German steelmaker Salzgitter said on Thursday its nine-month pretax profit was at the bottom end of analysts' forecast range, with the summer quarter hampered by maintenance and repair work and a seasonal decline in demand. The company said it made a pretax profit of 21 million euros in the period, compared with its own poll of analysts which...

  • Futures Now: Gold & Silver reverse course

    The "Futures Now" team discusses the latest moves in gold and silver, and where they see metals heading from here.

  • *China's services sector brightens in October. LONDON, Nov 3- Zinc prices climbed to their highest level in more than five years on Thursday, supported by a weaker dollar and buying from computer-driven speculative funds that also helped copper to a three-month high. More reports on FBI investigations into U.S. presidential candidate Hillary Clinton helped to...

  • LONDON, Nov 3- Gold fell on Thursday, driven by Federal Reserve signals suggesting that it could raise interest rates next month, while investors closely watched developments in the U.S. presidential election campaign. Spot gold was down 0.6 percent at $1,288.92 an ounce at 1209 GMT. "The fact that the Fed made some hawkish comments opening up to a rate increase in...

  • LONDON, Nov 3- Gold fell on Thursday, driven by the Federal Reserve signaling that it could hike interest rates next month and uncertainty over the outcome of the U.S. presidential election. Spot gold was down 0.7 percent at $1,287.27 an ounce at 1139 GMT. "The fact that the Fed made some hawkish comments opening up to a rate increase in December could be seen as a...

  • *Coming Up: U.S. Factory orders Sep at 1400 GMT. The dollar index lost ground after more reports on FBI investigations into U.S. presidential candidate Hillary Clinton. Zinc, the top LME performer with gains of of more than 50 percent, surged on Tuesday to a five-year peak of $2,485 on supply concerns after Glencore shuttered its Black Star mine in Australia and as a...

  • Nov 3- Canadian fertilizer maker Agrium Inc, reported a surprise quarterly loss on Thursday as it grapples with low fertilizer and crop prices, and also cut its full-year profit forecast. Agrium cut its full-year profit forecast to $4.60 to $5 per share, from the prior range of $5 to $5.30 per share. Agrium reported a net loss from continuing operations of $39...

  • The yellow metal touched a high of $1,307.76 in the previous session, its best since Oct. 4. "Some people think that Donald Trump would become the U.S. president and if that happens it is negative for the U.S. dollar and positive for gold," said Jiang Shu, chief analyst at Shandong Gold Group. Narrowing polls have led markets to price in more risk that Republican Donald...

  • MELBOURNE, Nov 3- After years of hard times, tin miners say they are starting to see interest from investors as global inventories fall and expectations grow that a wave of new mine supply from Myanmar will tail off, tightening supply. Private equity, funds and trade houses have begun to show interest in small scale tin miners, industry sources said in Melbourne...

  • *Spot gold seen between $1,292- $1,308- technicals. "Some people think that Donald Trump would become the U.S. president and if that happens it is negative for the U.S. dollar and positive for gold," said Jiang Shu, chief analyst at Shandong Gold Group. Narrowing polls have led markets to price in more risk that Republican Donald Trump might defeat his Democratic rival...

  • Here's what's in the pipeline for Mongolian IPOs

    Altai Khangai, CEO of the Mongolian Stock Exchange, explains how the stock exchange provides cheaper access to capital for businesses than bank loans.