SINGAPORE, Nov 15 (Reuters) - London copper and aluminium prices rose slightly along with other metals on Thursday, with investors looking to potential stimulus spending in China after weak retail and credit growth data in October.
“Following the release of weak credit data ... the market expects stronger policy support over the coming months,” Alastair Munro of Marex Spectron said in a note.
* Three-month copper on the London Metal Exchange had risen 0.4 percent to $6,113 a tonne by 0126 GMT, while the most-traded copper contract on the Shanghai Futures Exchange gained 0.4 percent to 49,180 yuan ($7,076) a tonne.
* Prices of aluminium, zinc, lead and tin also increased.
* The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said.
* Global miner Rio Tinto is among parties making a final offer for a minority stake in Teck Resources Ltd’s Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8 billion, two sources close to the matter said.
* China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific.
* The global zinc market deficit narrowed to 54,700 tonnes in September from a revised deficit of 81,800 tonnes in August, data from the International Lead and Zinc Study Group (ILZSG) showed.
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* Asian stocks edged up as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.
0130 China House prices Oct
0930 UK Retail sales Oct
1000 Euro zone Eurostat trade Sep
1330 U.S. New York Fed manufacturing Nov
1330 U.S. Import prices Oct
1330 U.S. Export prices Oct
1330 U.S. Weekly jobless claims
1330 U.S. Philly Fed business index Nov
1330 U.S. Retail sales Oct
1500 U.S. Business inventories Sep
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.9500 Chinese yuan)
Reporting by Mai Nguyen Editing by Joseph Radford