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Materials and Metals Metals and Mining

  • TORONTO, June 6- Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying. The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percent, to finish at 15,464.56. Gold firms dominated the index on the positive side, with Barrick Gold climbing 4.9 percent to C $22.86, and...

  • Norway's Norsk Hydro said it was seeking other routes for its aluminum exports from Qatar, which have been blocked as a result of a diplomatic rift between the Gulf country and several Arab states. "On a global scale Qatar plays a minor role in the aluminum market, direction is more dictated by China. There are sufficient supplies in China, inflows into Shanghai...

  • TORONTO, June 6- Canada's main stock index held steady on Tuesday as investors, wary over political uncertainties from the United States to the Middle East, shied way from riskier assets, and gold mining companies, bolstered by a surge in bullion prices, offset declines. At 10:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 1.97 points, or...

  • LAUNCESTON, Australia, June 6- China's iron ore imports so far this year have been remarkably stable, especially when viewed against the backdrop of prices that surged to a 30- month high early in 2017 before falling back into a bear market. Iron ore prices in China have plunged in recent weeks, reversing more than half of a 130 percent rally from the end of 2015 to a...

  • MELBOURNE/ SINGAPORE, June 6- London copper prices dipped for a third consecutive session on Tuesday, weighed down by signs of slowing growth in China and the United States. *SHANGHAI: Shanghai Futures Exchange copper closed 0.8 percent lower at 44,880 yuan a tonne. *CHINA ECONOMY: China's economy is likely to have remained on a stable footing in May, buoyed by solid...

  • OSLO, June 6- Aluminum producer Norsk Hydro and its Qatalum joint venture face a difficult process in their bid to restart aluminum exports from Qatar, a Hydro spokesman said on Tuesday. Exports of aluminum from Qatalum were blocked after top Arab nations on Monday broke off diplomatic ties with Qatar. "There are several alternatives we are looking at and we will...

  • OSLO, June 6- Aluminium producer Norsk Hydro and its Qatalum joint venture face a difficult process in their bid to restart aluminium exports from Qatar, a Hydro spokesman said on Tuesday. Exports of aluminium from Qatalum were blocked after top Arab nations on Monday broke off diplomatic ties with Qatar. "There are several alternatives we are looking at and we...

  • OSLO, June 6- Exports of aluminium from the Qatalum metals plant in Qatar have been blocked after top Arab nations broke off diplomatic ties with the country, Norway's Norsk Hydro said on Tuesday. Norsk Hydro owns a 50- percent stake on the Qatalum joint venture, which produces more than 600,000 tonnes per year of primary aluminium to customers in Asia, Europe and...

  • OSLO, June 6- Exports of aluminum from the Qatalum metals plant in Qatar have been blocked after top Arab nations broke off diplomatic ties with the country, Norway's Norsk Hydro said on Tuesday. Norsk Hydro owns a 50- percent stake on the Qatalum joint venture, which produces more than 600,000 tonnes per year of primary aluminum to customers in Asia, Europe and the...

  • LAUNCESTON, Australia, June 6- China's iron ore imports so far this year have been remarkably stable, especially when viewed against the backdrop of prices that surged to a 30- month high early in 2017 before falling back into a bear market. Iron ore prices in China have plunged in recent weeks, reversing more than half of a 130 percent rally from the end of 2015 to a...

  • *Cote Gold Project expected to start output in 2021. TOKYO, June 6- Japan's Sumitomo Metal Mining Co on Tuesday said it had agreed to take a 27.75- percent interest in a Canadian gold mining project from Toronto- based IAMGOLD Corp for $195 million. The purchase of the stake in the Cote Gold Project in Ontario comes as Japan's biggest gold miner looks to boost its...

  • MELBOURNE, June 6- London copper was steady on Tuesday, supported by a weaker dollar, although signs of slowing growth in China and the U.S kept a lid on prices. *SHANGHAI: Shanghai Futures Exchange copper eased 0.3 percent to 45,110 yuan a tonne. *CHINA ECONOMY: China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and...

  • The Wall Street heavyweight has just downgraded its three-month, six-month and 12- month price forecasts to $9,000- per tonne from $12,500, $11,000 and $11,000 respectively. "We now expect that nickel prices will remain trading at very low levels through 2017 and much of 2018 until a substantial supply response both in China and outside of China eradicates our...

  • WASHINGTON, June 5- When the head of the U.S. Environmental Protection Agency, Scott Pruitt, incorrectly told a series of talk show hosts this weekend that the coal industry had added nearly 50,000 jobs since late last year, he was using figures covering the metals, oil and gas industries too, an EPA spokesman said on Monday. "Administrator Pruitt was referring to...

  • MEXICO CITY, June 5- Steel trade groups representing Canada, the United States and Mexico said that any upgrade to the North American Free Trade Agreement should require that manufacturers use more steel produced in the region in their products. Mexican officials have said that stricter rules of origin in some industries could be one way for companies in North...

  • *China says Zambia gave no strong proof their crimes. BEIJING/ LUSAKA June 5- Zambia has detained 31 Chinese nationals for illegal mining in the African country's copper belt but has failed to provide strong proof of their crimes, a senior Chinese diplomat said as he lodged a complaint. Lin Songtian, the Chinese Foreign Ministry's director-general for African...

  • June 5- Canada's Osisko Gold Royalties Ltd said on Monday it had agreed to buy a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group for C $1.13 billion, sending its shares up 10 percent. The transaction is "transformative" for Quebec- based Osisko as it increases its portfolio of producing diamond, gold and silver assets to 16 from five,...

  • *Silver marks highest since April 26. LONDON, June 5- Gold prices hit a six-week high on Monday, buoyed by disappointing U.S. jobs data that dimmed the prospects for an aggressive run of interest rate increases in the world's biggest economy. "Gold has got a bit of a lift from payroll numbers from Friday which has carried through to today but there is also support from...

  • The Wall Street heavyweight has just downgraded its three-month, six-month and 12- month price forecasts to $9,000- per tonne from $12,500, $11,000 and $11,000 respectively. "We now expect that nickel prices will remain trading at very low levels through 2017 and much of 2018 until a substantial supply response both in China and outside of China eradicates our...

  • LONDON, June 5- Copper fell on Monday, extending last month's losses, as the dollar recovered and investors eyed an increase in Shanghai inventories, while zinc and nickel prices tracked renewed weakness in steel markets. Data on Friday showed copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 4.9 percent on the week, marking...