~*~Mining and Metals Du Jour~*~

[the cork]

Top Stories Of The Day: DJ BASE METALS HIGHLIGHTS
MELBOURNE, Dec 09, 2011 (Dow Jones Commodities News via Comtex) --


TOP STORIES:

Extract Directors To Mull Alternatives To Possible Chinese Bid

Australian uranium miner Extract Resources Ltd. (EXT.AU) said Friday its independent directors will review the terms of a proposed bid that would be triggered by a successful takeover of its largest shareholder, Kalahari Minerals PLC (KAH.LN), by Chinese nuclear fuel supplier CGNPC Uranium Resources Co. Ltd. and a Chinese Africa-focused investment fund.

STORIES OF INTEREST:

China November Copper Output Falls; Aluminum At 10-Month Low

SHANGHAI (Dow Jones)--China's copper output fell in November from the previous month as maintenance and a shortage of raw material prompted smelters to keep utilization at low levels, while aluminum production was the lowest since February.

Some 1st-Qtr Japan Aluminum Premiums Settle At $112/Ton -Suppliers

SINGAPORE (Dow Jones)--Some first-quarter Japanese aluminum premiums have been settled at $112 a metric ton, down from this quarter's level of $118-119/ton as domestic demand remains weak, suppliers told Dow Jones Newswires Friday.

MARKETS:

BASE METALS: LME Metals Flat; Tread Water Ahead Of Summit News

LONDON (Dow Jones)--Base metals are relatively flat on the London Metal Exchange Friday, treading water ahead of fresh developments at the European Union leaders' summit in Brussels.

By Iman Dawoud; Dow Jones Newswires; [phone]; [e-mail]
(END) Dow Jones Newswires
12-09-11 1009ET

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