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SHANGHAI - Gold futures closed higher Wednesday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery jumped up 12.38 yuan ($1.77) to close at 444.06 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 431,476 lots, with a turnover of about 189.46 billion yuan.

China launched gold futures in January 2008.

SYDNEY - Australian mining giant BHP has recorded its largest quarterly output of iron ore ever from the company's Western Australian (WA) operations, due to strong demand from Chinese steel mills.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

ZHENGZHOU - Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China's Henan province Tuesday.

It is the sixth option issued by ZCE, which launched thermal coal futures trading in September 2013.

Move of central SOE to ensure supply of raw materials amid COVID pandemic and further increase self-sufficiency

Aluminum Corporation of China Ltd (Chalco), a centrally administered State-owned enterprise, is set to send its first shipment from a bauxite mine in Boffa, Guinea soon, the company told China Daily in a written statement.

BEIJING, Sept. 24 (Xinhua) -- The Xinhua-China Iron Ore Price Indexes for the period from Sept. 17 to 23 fell on Tuesday, with the price index for imported iron ore containing 62 percent iron standing at 93 points, down 4 points from the previous week.

HOUSTON, Sept. 24 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a build of 1.4 million barrels in the U.S. crude oil inventories for the week ending Sept. 20.

CHICAGO, Sept. 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange extended their gains on Tuesday, as traders continued to monitor developments tied to Saturday's attacks on Saudi Arabian oil facilities.