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Methanex

10:05 AM EST - Methanex : says less production and lower methanol prices caused a steep drop in profit in the third quarter compared to last year. The Vancouver-based company, which reports in U.S. dollars, said net income was $23.6 million or 24 cents per share in three months ended Sept. 30, compared to $113.2 million or $1.05 per share in the same period last year. Methanex shares T.MX are trading down 54 cents at $25.95.