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Copper prices staged a late recovery on the London Metal Exchange on Tuesday December 20 after positive housing starts and payrolls data from the USA lifted markets towards the close of physical trading.
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UC Rusal will raise its foil output by 25% by 2014, the company said in a release on Tuesday December 20.
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European copper demand, which has been falling since August, will reach its low in the final quarter of 2011, according to Goldman Sachs.
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Tightness in the tom-next zinc spread eased in the official session of the London Metal Exchange on Tuesday after shorts settled outstanding positions with physical deliveries on to the exchange.
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European copper premiums eased on Tuesday December 20 as spot business dried up ahead of the Christmas and New Year holidays.
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Copper and other base metal prices climbed in pre-market trading on the London Metal Exchange on Tuesday, supported by the euro’s rebound against the dollar.
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Shanghai Futures Exchange copper prices edged up on Tuesday, although concerns over the eurozone issue and the looming holidays reduced trading volumes.
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Ganzhou Huaxing Tungsten Products Co, a subsidiary of Jiangxi Tungsten Industry Group, has just shut down its ammonium paratungstate (APT) plant for routine maintenance.
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China’s lead-acid battery sector will continue to grow, fuelling more demand for lead in the coming years as major producers increase capacity, according to Yao Lingchun, vice secretary general of China Battery Industry Association.
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London Metal Exchange copper traded in a tight range in the early Asian session on Tuesday as trading stayed thin ahead of the coming holidays.
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Revocation of an anti-dumping duty order on Russian ferrovanadium and nitrided vanadium will likely lead to material injury, the Commerce Department’s International Trade Administration (ITA) said in final expedited sunset review results.
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United National Insurance Co. (Unic) has filed a complaint for a declaratory judgement against warehousing and distribution company Mundell Terminal Services Inc. and Bal Metals International Inc., the base metals trading arm of Mexican miner Industrias Peñoles SA de CV.
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General Motors Co. says it will invest $68 million to prepare the Oshawa Assembly Plant in Ontario for building the next-generation Chevrolet Impala, securing about 350 jobs.
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The American Iron and Steel Institute is backing legislation that would force the U.S. Mint to make more coins out of steel rather than copper and nickel.
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Timminco Ltd. is precluded from borrowing from Bank of America after the bank increased the availability reserve under the company’s revolving credit facility, the company said, adding that it is now searching for other lenders.
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Constellium has successfully upgraded the stretcher at its rolling mill in Ravenswood, W.Va., and is in the process of ramping up production, the company’s top executive told AMM.
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Copper prices retreated in kerb trading on the London Metal Exchange on Monday as EU finance ministers discussed plans to boost the role of the International Monetary Fund (IMF) in the eurozone recovery effort.
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The London Metal Exchange will introduce a new user fee that will see the cost of segregated and non-segregated cross trades rise to 50 pence ($0.78) per lot on March 1 2012 as it looks to boost revenues.
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China’s largest producer of rare earths has failed to make the list of companies receiving export permissions in 2012, China’s Ministry of Commerce said last week, citing environmental concerns.
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Codelco will double the size of its San Antonio Óxidos copper project from 30,000 tpy to 60,000 tpy because of new metallurgical studies and a stronger price outlook for the red metal.
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Copper One Inc. has finalized its purchase of the Rivière Doré copper-nickel property in Quebec after receiving the go-ahead from the TSX Venture Exchange, the company said.
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Rare earths producer Molycorp Inc. has been given the green light by the U.S. Bureau of Land Management to start exploratory drilling for heavy rare earth minerals at a site located near its Mountain Pass, Calif., manufacturing facility, it said.
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Aluminium prices declined 2.4% on an official basis on the London Metal Exchange on Monday, while nearby spreads remained bid ahead of the monthly prompt date on Wednesday.
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Crédit Agricole’s 300,000 ordinary shares in the London Metal Exchange would be worth £12.57 million ($19.1 million) at £41.92 per share, the price JP Morgan paid to secure shares held by now-defunct MF Global.