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  • LONDON, Feb 2- Copper hit a four-week high on Tuesday as bets on lower prices were reversed ahead of a Chinese holiday, but prices slipped later in the day as focus returned to oversupply and weak demand growth in top consumer China. Benchmark copper on the London Metal Exchange was down 0.7 percent to $4,529 a tonne at 1527 GMT. The metal used in power and...

  • LONDON, Feb 2- Copper prices hit a four-week high on Tuesday as traders reversed bets on lower prices ahead of the Lunar New Year and sentiment was boosted by expectations of further supply cuts to offset slowing demand in top consumer China. Benchmark copper on the London Metal Exchange was up 0.9 percent at $4,601 a tonne at 0954 GMT. China starts a week-long...

  • MELBOURNE, Feb 2- London copper was treading water on Tuesday after China's factory growth slowed sharply in January, but solid Chinese imports of the metal in December have sparked confidence that prices are finding a floor. *Shanghai Futures Exchange copper was steady at 35,610 yuan a tonne. *China's manufacturing activity contracted at its fastest pace in...

  • *Freeport copper export licence expired Thursday. *Freeport says "everything is normal" at massive mine. Asked if overseas shipments had ceased, a Freeport spokesman said "everything is normal", without elaborating.

  • *Freeport copper export licence expired Thursday. JAKARTA, Jan 29- Indonesia has not yet issued a new copper export permit to the local unit of U.S. mining giant Freeport McMoRan Inc, government officials said on Friday, but talks on the issue are expected to continue later in the day. Freeport's six-month licence to export copper concentrate expired on Thursday...

  • *China stocks lead Asia lower as oil tumbles below $30. LONDON, Jan 26- Copper and zinc hit multi-week peaks on Tuesday, bucking a weaker trend in other markets, as speculators bought back short positions ahead of a holiday break in top metals consumer China. The lack of clarity ahead of the Chinese new year and a U.S. central bank meeting led investors to cancel some of...

  • *China stocks lead Asia lower as oil tumbles below $30. *Freeport yet to pay Indonesia smelter deposit. Weak demand from top copper consumer China remains a key concern for the metal, said Helen Lau, analyst at Argonaut Securities in Hong Kong, muting the impact of recent output cuts The most-traded March copper contract on the Shanghai Futures Exchange slipped...

  • *Freeport yet to pay Indonesia smelter deposit. Three-month copper on the London Metal Exchange was up 0.2 percent at $4,424 a tonne by 0448 GMT, well off a session high of $4,450. "Weak demand from top copper consumer China remains a key concern for the metal," said Helen Lau, analyst at Argonaut Securities in Hong Kong, muting the impact of recent production cuts by...

  • *Govt wants Freeport to pay $530 mln smelter deposit. Freeport, which has seen its stock plummet over 70 percent in the last three months as commodity markets plunge, could be forced to halt exports from its massive Grasberg copper and gold mine in Papua if it fails to meet government obligations. Freeport executives are expected to discuss the issue with the...

  • *Freeport faces difficult journey to extend mining contract. Freeport's long-held desire to continue mining in Indonesia beyond 2021 has been beset by controversy, including cabinet infighting, resignations and a major political scandal that led to the resignation of the parliamentary speaker. "The last couple of months have been a total disaster for...

  • *Freeport drops; China worries weigh on materials shares. Stocks had their worst five-day start to a year ever following mounting investor concerns about declining oil prices and a China- led slowdown in global growth. "The fact that we didn't see kind of another washout today kind of emboldened some of investors to think that perhaps, at least on a short-term...

  • *Freeport drops; China worries weigh on materials shares. Stocks had their worst five-day start to a year ever following mounting investor concerns about declining oil prices and a China- led slowdown in global growth. "The fact that we didn't see kind of another washout today kind of emboldened some of investors to think that perhaps, at least on a short-term...

  • Jan 11- U.S. stocks extended their recent slide on Monday with declines in biotechs and energy shares, while caution ahead of earnings season also weighed on the market. Last week, stocks had their worst five-day start to a year ever following mounting investor concerns about declining oil prices and a China- led slowdown in global growth. Celgene fell 7.5 percent...

  • *Oil prices fall for sixth day in a row. Jan 11- Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12- year lows, ahead of the start of corporate earnings season. U.S. stocks opened higher, coming off their worst-ever start to a year on mounting investor concerns about declining oil prices and...

  • Freeport said Moffett, who had been appointed chairman emeritus, would be a consultant to its board and advise the company on its Indonesia operations, including Grasberg. Icahn, who owned 8.8 percent stake in Freeport as of Sept. 22, has criticized the miner's spending, capital structure and executive compensation at a time when the company is struggling with...

  • NEW YORK, Dec 22- A Bahamian man has been arrested for hacking celebrities' email accounts to steal movie and TV scripts, personal information and sexually explicit videos that he peddled to an undercover agent, federal prosecutors in New York said on Tuesday. Alonzo Knowles, 23, was held without bail after an appearance in Manhattan federal court on criminal...

  • JAKARTA, Dec 4- The operator of one of the world's biggest copper and gold mines was at the centre of a major political scandal in Indonesia after confirming that the speaker of parliament tried to extort shares from the company to ensure its contract extension. Freeport generated 8.4 percent of its revenue last year from Indonesia. The contract extension and...

  • *China cuts rates for sixth time since Nov. LONDON, Oct 23- Copper and nickel jumped to one-week highs and other base metals also gained on Friday after top metals consumer China cut interest rates to boost its slowing economy. "The rate cut is quite important since it confirms the stimulus direction of the Chinese government," said Eugen Weinberg, head of commodity...

  • *Aluminium set to end week down 4 pct on China glut. LONDON, Oct 23- Copper and other base metals gained on Friday on potential further stimulus from the European Central Bank as well as news of production cuts and brighter data from China. "It's a combination of the announcement by the ECB of the possibility of another liquidity hike coming soon as well as somewhat...

  • *China copper premiums slip $5 to $115, lowest since early Sept. LONDON, Oct 22- Copper climbed on Thursday after four sessions of losses, buoyed by another production cutback by producer Freeport and strong Chinese import data, though analysts cautioned that underlying demand remains weak. Aluminium, however, lurched to the lowest levels in over six years on...