August 23, 2017 / 2:56 AM / a year ago

METALS-London metals consolidate on stronger dollar ahead of Jackson Hole

    MELBOURNE, Aug 23 (Reuters) - London metals slipped on
Wednesday as the dollar stood tall ahead of a meeting of global
central bankers at Jackson Hole in the United States later in
the week. 
    * LONDON COPPER: London Metal Exchange copper had
slipped 0.6 percent to $6,542 a tonne by 0216 GMT, after ending
little changed in the previous session, when prices touched
their highest since November 2014 at $6,649 a tonne. 
    * SHANGHAI COPPER: Shanghai Futures Exchange copper
dropped 0.7 percent to 51,370 yuan ($7,713) a tonne. 
    * SHANGHAI ZINC: ShFE zinc fell 2.1 percent as new
measures set down by the bourse to cool trading came into
effect. The price differential between ShFE and LME zinc and
lead prices has been encouraging for Chinese imports for most of
August, also suggesting greater deliveries into September. 
    * JAPAN MANUFACTURING: Japanese manufacturing activity
expanded at the fastest pace in three months in August as
domestic and export orders rebounded, a preliminary private
survey showed on Wednesday, highlighting that global demand
remains buoyant.
    * INDONESIA: Indonesia expects to strike an agreement this
month to allow Freeport McMoRan Inc to keep operating
its huge copper mine in Papua in the coming decades, the
country's mining and energy minister said on Tuesday.

    * CHILE: BHP Billiton's Escondida copper
mine in Chile has recovered from a six-week strike faster than
expected, with output now running at normal levels, an executive
with the company said on Tuesday.        
    * For the top stories in metals and other news, click       
    * Asian stocks edged higher on Wednesday to extend a global
rally spurred by gains for tech shares on Wall Street and miners
in Europe, while the dollar was buoyant against the euro and yen
ahead of the Jackson Hole gathering.    
    0700 Speech by ECB President Mario Draghi in Germany 
    0700 France Markit manufacturing flash PMI Aug 
    0730 Germany  Markit manufacturing flash PMI Aug 
    0800 Euro zone Markit manufacturing flash PMI Aug 
    1345 U.S. Markit manufacturing flash PMI Aug 
    1400 Euro zone Consumer confidence flash Aug 
    1400 U.S. New home sales Jul     
 BASE METALS PRICES               0222 GMT         
 Three month LME copper                      6540.5
 Most active ShFE copper                      51360
 Three month LME aluminium                   2069.5
 Most active ShFE                             16170
 Three month LME zinc                        3093.5
 Most active ShFE zinc                        25680
 Three month LME lead                        2399.5
 Most active ShFE lead                        19560
 Three month LME nickel                       11280
 Most active ShFE nickel                      91150
 Three month LME tin                          20350
 Most active ShFE tin                        142160
 BASE METALS ARBITRAGE                             
 LME/SHFE COPPER            LMESHFCUc3       541.19
 LME/SHFE ALUMINIUM         LMESHFALc3       158.61
 LME/SHFE ZINC              LMESHFZNc3      1079.53
 LME/SHFE LEAD              LMESHFPBc3       160.96
 LME/SHFE NICKEL            LMESHFNIc3      1653.41

($1 = 6.6601 Chinese yuan renminbi)

 (Reporting by Melanie Burton; Editing by Joseph Radford)
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