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Materials and Metals Metals and Mining

  • MELBOURNE, March 24- London copper was on track for a two percent weekly drop on Friday after striking union members at Escondida, the world's top copper mine, agreed to return to work. *SHFE COPPER: Shanghai Futures Exchange copper was little changed at 47,000 yuan a tonne. *CHINA POLLUTION: Beijing and the surrounding province of Hebei will plant trees, establish...

  • Panoramic view of Almaty city in Kazakhstan.

    China's ambitious One Belt, One Road initiative is already becoming a reality, a resources executive said Thursday.

  • *Spot gold was down 0.1 percent at $1,243.60 per ounce by 0058 GMT. On Thursday, it touched its strongest since Feb. 28 at $1,253.12. *Palladium climbed to a peak of $808.70 in the prior session, its highest since March 2015.

  • Miners of the Escondida copper mine, on strike, block a road outside of Escondida, some 145 km northeast of Antofagasta, Chile, on March 8, 2017.

    The strike at Chile's Escondida, the world's largest copper mine, is ending.

  • TORONTO, March 23- Noranda Income Fund said on Thursday zinc output at its Quebec plant, the second-largest in North America, was at 50-60 percent of normal operating levels as a five-and-a-half week long strike dragged on. Typical annual zinc production at the plant is 270,000-275,000 tonnes, Eva Carissimi, chief executive of plant operator Canadian...

  • NEW YORK/ LONDON, March 23- Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. $1,253.12, its highest since Feb. 28. "The dollar has been a little bit stronger today, interest rates climbed up a touch and the stock market finally gave a positive performance prior to...

  • ANTOFAGASTA, Chile, March 23- The strike at Chile's Escondida, the world's largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. Hours earlier, talks between the two sides failed, and Escondida, which is operated by BHP Billiton, said it would attempt to...

  • LONDON, March 23- Copper steadied on Thursday, but was still near one-week lows on news that operations at the world's top producing copper mine in Chile would resume. "There might have been some anticipation to this outcome as talks started this week, so it was largely already in the price," said Nitesh Shah, base metals analyst at ETF Securities.

  • ANTOFAGASTA, Chile, March 23- The strike at Escondida, the world's largest copper mine, will end after workers decided to invoke a legal provision that allows them to extend their old contract, the union said on Thursday. The workers said they would present their decision to the government on Friday and return to work on Saturday at Escondida, which is operated by...

  • LONDON, March 23- Gold edged lower on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in two years, helped by economic data. at 1517 GMT, retreating from an intraday peak of $1,253.12, its highest since Feb. 28. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • LONDON, March 23- Gold was barely changed on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in 22 months, helped by economic data. Spot gold was flat at $1,248.91 an ounce at 1339 GMT,. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • *Anglo American seeking to maximise diamond revenues. Analysts said the joint venture no longer fitted LVMH's strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin diamond retail market. Anglo American, which along with other mining companies has largely recovered from a deep...

  • LONDON, March 23- Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said. The mill is owned by Algeria's Cevital Group, which has approached British financier Sanjeev Gupta,...