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Materials and Metals Metals and Mining

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • The May 2016 fire ripped through the oil sands hub of Fort McMurray, destroying 10 percent of homes in the remote city of 88,000 people and shutting in more than a million barrels of crude production. Still, Fort McMurray has added eight new firefighters and begun fire-prevention measures like preemptively burning off vegetation that could fuel fires.

  • LONDON, April 19- Copper's bull momentum from the start of the year is fading as the disruption premium from supply hits at the world's two largest mines unwinds and broader risk-off turbulence also joins the mix. Three-month copper on the London Metal Exchange slid through $5,600 on Tuesday to hit $5,568.50 a tonne, its lowest level since January.

  • *Qatar underperforms; all blue chips have paid 2016 dividend. DUBAI, April 19- Construction-related shares underperformed Riyadh's stock market on Wednesday because of poor first-quarter earnings, though troubled Dubai builder Arabtec jumped after shareholders approved a capital restructuring plan. Riyadh- listed Arabian Cement slid by 5 percent after...

  • MELBOURNE, April 19- London copper climbed away from its weakest since January as the dollar dropped on Wednesday, but concerns China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices capped gains. *SHFE: Shanghai Futures Exchange copper cut losses to 1 percent at 45,840 yuan a tonne, after dipping as low as 45,110...

  • MELBOURNE, April 19- London copper hovered close to its weakest since January on Wednesday, on concerns China's base metals demand could temper in the coming quarter following a wobble in steel. *Shanghai zinc declined 3.8 percent, following similar losses in London overnight, while Shfe nickel fell 3 percent, having tracked a steep slide on the LME in the...

  • DETROIT/ NEW YORK, April 18- U.S. Bill Hickey, president of Chicago- based Lapham-Hickey Steel, which has seven steel mills in the Midwest and Northeast, said he has heard talk of "Buy American" for decades, but American or foreign contractors frequently find loopholes to use imported steel. Charles Bradford of Bradford Research said focusing on "Buy American" for U.S....

  • *OPEC to meet May 25 to consider output cut extension. The oil market has been caught in a tug-of-war between forecasts that OPEC production will remain at reduced rates and bearish reports suggesting U.S. production is rising, preserving a supply overhang in the market. "We're right at the battle ground: the bulls and the bears are facing off against each other,...

  • *OPEC to meet May 25 to consider output cut extension. *UAE minister sees healthy demand growth, falling crude stocks. At a time when OPEC and other producing nations have been trying to cut output, government drilling data showed U.S. shale production next month was set to rise to 5.19 million barrels per day.

  • TORONTO, April 18- Canada's main stock index slipped on Tuesday as banks and mining stocks weighed with lower commodity prices and bond yields, while investors also digested disappointing quarterly results from two U.S. corporate heavyweights. Prices for copper, lead and zinc all fell on Tuesday, as geopolitical tension over North Korea fueled risk aversion.

  • *OPEC to meet May 25 to consider output cut extension. *UAE minister sees healthy demand growth, falling crude stocks. Global benchmark Brent crude futures were down 34 cents at $55.02 a barrel at 1330 GMT.

  • HARARE, April 18- Zimbabwe's mining industry needs to be "reorganised" so that it contributes more towards the African country's economy, President Robert Mugabe said on Tuesday. "There is a lot of work which is going on in that sector, not least the reorganisation whose completion we impatiently await," Mugabe, Zimbabwe's sole ruler since independence in 1980,...

  • Stack of Gold Bars, high, raise, rise

    A big gold ETF is being forced to change the way it invests — and may have to sell as much as $2.6 billion of its current holdings.

  • LAUNCESTON, Australia, April 18- In the first two months of the year, China's steel and iron ore prices were surging because output was growing strongly, but now they are falling for exactly the same reason. China, which produces about half of the world's steel, produced 201.1 million tonnes in the first quarter of 2017, up 4.6 percent from the same period last year,...

  • *OPEC to meet May 25 to consider output cut extension. *UAE minister sees healthy demand growth, falling crude stocks. Global benchmark Brent crude futures were down 49 cents at $54.87 a barrel at 1038 GMT.

  • OPEC to meet May 25 to consider output cut extension. LONDON, April 18- Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns that U.S. production growth is undermining OPEC- led efforts to rein in oversupply. Global benchmark Brent crude futures were down 26 cents at $55.10...

  • MOSCOW, April 18- En+ Group, which manages Russian tycoon Oleg Deripaska's aluminum and hydro power businesses, reported 2016 adjusted core earnings of $2.3 billion on Tuesday, in its first public disclosure of financial results in two years. "These results reflect positive trends which we have seen continuing into 2017, notably stronger aluminum pricing and...

  • SHANGHAI, April 18- China's main stock indexes fell for the third session in a row on Tuesday amid worries over increasing regulation and the sustainability of the country's economic growth. Developer China Fortune Land, cement maker Tangshan Jidong Cement and steelmaker Hesteel have retreated around 20 percent from recent highs. "Quite a few people believe...