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Materials and Metals Metals and Mining

  • Sept 13- Hong Kong stocks dipped on Wednesday, as Asian equities slipped from 10- year highs despite Wall Street hitting record highs overnight. Hong Kong- listed shares of Chalco continued to jump, up roughly 4 percent and touching six-year highs, after the Chinese aluminium maker on Tuesday suspended trading in China- listed A-shares pending a major...

  • ATHENS, Sept 13- Greek police fired tear gas at dozens of Eldorado Gold workers rallying outside the energy ministry in Athens on Wednesday to protest against potential job losses after the Canadian company threatened to suspend investment at its Greek mines. Eldorado Gold Corp announced the possible suspension on Monday, blaming delays in getting permits,...

  • Also, London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth- based trader. *LONDON COPPER: Three-month copper on the London Metal Exchange had slipped 0.5 percent to $6,629 a tonne by 0700 GMT, adding to a 1.2- percent loss racked up the previous session.

  • Also, London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth- based trader. *LONDON COPPER: Three-month copper on the London Metal Exchange had slipped 0.5 percent to $6,629 a tonne by 0700 GMT, adding to a 1.2- percent loss racked up the previous session.

  • *Strong demand from China, Japan lifts Australian cargo prices. SINGAPORE, Sept 13- Australian coal cargo prices for export from its Newcastle terminal hit a 2017- high of $103.5 per tonne at their last close, driven by strong Asian demand. The Newcastle free-on-board contract is seen as a benchmark for Asian thermal coal prices.

  • *Strong demand from China, Japan lifts Australian cargo prices. SINGAPORE, Sept 13- Australian coal cargo prices for export from its Newcastle terminal hit a 2017- high of $103.5 per tonne at their last close, driven by strong Asian demand. The Newcastle free-on-board contract is seen as a benchmark for Asian thermal coal prices.

  • SYDNEY, Sept 13- London copper prices on Wednesday clawed back some of their overnight losses as selling by funds trailed off, while Shanghai contracts for the metal edged lower. But London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth- based trader.

  • Sept 13- Australia's Newcrest Mining Ltd on Wednesday said it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April. Australia's largest independent gold miner said output had started in Cadia's' Panel Cave 1', with production there expected to return to normal levels by the end of next March.

  • *Market looking ahead to China data on industrial output. *China commodity imports suggest rally may be fading. "The move from $6,000 to $7,000 in a month cannot be explained by fundamentals, which haven't changed and which at this time of the year are normally, seasonally weak," said Julius Baer analyst Carsten Menke.

  • *Market looking ahead to China data on industrial output. *China commodity imports suggest rally may be fading. "The move from $6,000 to $7,000 in a month cannot be explained by fundamentals, which haven't changed and which at this time of the year are normally, seasonally weak," said Julius Baer analyst Carsten Menke.

  • SYDNEY, Sept 12- Strong Asian demand for coal from Australia is depriving domestic power generators of fuel and driving electricity prices higher, energy providers and mining sources said. Australian Newcastle thermal coal cargo prices, a benchmark for Asia, have jumped by more than 20 percent since July to over $100 per tonne on strong demand from overseas...

  • David Pathe said Sherritt, which is one of the world's largest producers of nickel, was studying the economics around building a plant to produce nickel sulphate, a powder-like substance particularly suited for use in batteries. BHP Billiton, the world's biggest mining house, said last month it planned to spend more than $43 million building a sulphate plant in...

  • *Tata Steel receives approval for UK pension deal. FRANKFURT/ DUESSELDORF, Sept 11- Thyssenkrupp may reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch. A spokeswoman for Thyssenkrupp said the companies were close to a...

  • Sept 11- Canadian miner Centerra Gold Inc said on Monday it has reached an agreement with Kyrgyzstan to settle all outstanding disputes with the Central Asian country over its Kumtor gold mine, the company's and the country's biggest. Toronto- based Centerra is the biggest foreign investor and taxpayer in Kyrgyzstan, contributing up to 10 percent of the...

  • *Tata Steel receives approval for UK pension deal. FRANKFURT/ DUESSELDORF, Sept 11- Thyssenkrupp could reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch. That hurdle was removed after Tata Steel on Monday received...

  • Sept 11- Centerra Gold Inc said on Monday it reached an agreement with Kyrgyzstan over the Kumtor gold mine, ending a dispute with the Central Asian country on profit sharing at the Canadian company's biggest mine. Under the deal, the Canadian miner will make a onetime payment of $50 million to a new, government-run nature development, alongside annual payments...

  • SYDNEY, Sept 11- Chinese nickel futures declined sharply on Monday in the wake of a selloff last week in London contracts, pressured by profit-taking and worries over the outlook for Chinese demand. "The price was so high that it put pressure on demand," said Celia Wang, a nickel analyst at Grandflow Resources in Shanghai. *SHANGHAI NICKEL: The most-traded nickel...

  • SYDNEY, Sept 11- Nickel led an across-the-board decline in Chinese base metals futures on Monday, pressured by last week's selloff in London contracts amid profit taking and a flat outlook for China's coppe demand. London nickel and copper were also lower, extending Friday's hefty losses. London nickel hit its highest in more than two years last week, boosted by...

  • SYDNEY, Sept 11- Nickel led an across-the-board decline in Chinese base metals futures on Monday, pressured by last week's selloff in London contracts amid profit taking and a flat outlook for China's coppe demand. London nickel and copper were also lower, extending Friday's hefty losses. London nickel hit its highest in more than two years last week, boosted by...

  • TORONTO, Sept 8- Canada's main stock index ended lower for a fifth straight day on Friday, with mining and energy stocks dominating the retreat and investors cautious as powerful Hurricane Irma barreled toward Florida. Teck Resources Ltd sank 5.4 percent to C $28.23, while First Quantum Minerals Ltd fell 3.8 percent to C $13.76. Hudbay Minerals Inc plunged 10.2...