United Kingdom

Mai Nguyen

METALS-Copper ticks up on China stimulus hopes

5:23am BST

SINGAPORE, Aug 19 Copper prices advanced on Monday as China announced new measures to support its economy amid a damaging trade war with the United States, potentially improving demand for the red metal.

METALS-Shanghai nickel jumps, LME 3-month spread at decade high

16 Aug 2019

SINGAPORE, Aug 16 Shanghai nickel prices surged, while a key indicator of supply shortage jumped to a decade high on Friday, amid ongoing worries about supplies disruption from top ore producer Indonesia.

METALS-Copper hovers near 2-yr low amid recession fears

15 Aug 2019

BEIJING/SINGAPORE, Aug 15 Shanghai copper fell on Thursday, while London copper edged up but struggled to break away from its two-year lows, weighed down by growing fears of a global recession and weak industrial output growth in China.

METALS-Copper declines on weak China data, Peru's export resumption

14 Aug 2019

SINGAPORE, Aug 14 London copper prices dropped on Wednesday as weak Chinese data indicated slowing demand for the red metal, while concerns over supplies eased as some of Peru's top mines have resumed exports.

METALS-Shanghai aluminium jumps to 2-1/2-month high on supply worries

13 Aug 2019

SINGAPORE, Aug 13 Shanghai aluminium rallied to its highest in more than two months on Tuesday amid supply concerns at a top producer due to a typhoon, even as it denied any impact on production.

UPDATE 1-Nickel sizzle: Hot money piles into metal on Indonesia ore ban talk

08 Aug 2019

* Ore ruling change "uncertain" - senior official (Adds quotes, details)

METALS-London copper hovers at two-year low amid trade jitters

07 Aug 2019

(Updates prices) By Mai Nguyen SINGAPORE, Aug 7 London copper prices on Wednesday struggled to break away from a two-year low as markets remained fragile with barely any signs of progress in the year-long trade negotiations between the United States and China. U.S. President Donald Trump pledged to stand with American farmers in the face of Chinese retaliation, after Beijing halted U.S. farm purchases and raised the possibility of additional tariffs on U.S. farm products in response to new tariffs. London copper rose as much as 0.7% in early Asian hours on hopes of further U.S.-China trade negotiations, but retreated to gain only 0.1% at $5,687.50 a tonne at 0721 GMT. On Monday, prices of the metal used widely as a gauge of economic health hit $5,640 a tonne, its lowest since June 2017. Meanwhile, Shanghai copper ended down 0.4% to 45,960 yuan ($6,528.04) a tonne. FUNDAMENTALS * TRADE TALKS: White House National Economic Council director Larry Kudlow told CNBC that the Trump administration was still planning to host a Chinese delegation for talks in September, while steps taken by Chinese authorities to contain a sliding yuan also helped calm fears of a full-blown trade and currency war. * CHINA POLL: China's exports probably fell for a second successive month, while imports likely contracted more sharply in July, a Reuters poll showed, hurt by tit-for-tat tariffs in a rapidly escalating trade war with the United States. * LME: The London Metal Exchange is poised to extend its closing open-outcry trading sessions for all metals after volumes jumped in a three-month trial, denting expectations of an eventual move to full electronic trading. * GLENCORE/COBALT: Glencore Plc will halt production at Mutanda mine, the world's largest cobalt mine, from the end of this year after a slump in prices for cobalt, Financial Times reported on Tuesday. * PRICES: London aluminium edged up 0.1%, nickel dropped 1.3%, while lead fell 0.4%. In Shanghai, aluminium decreased 0.5%, zinc dropped 1.9%, while lead rose 0.5%. * LEAD: "Both primary and secondary lead are in deficit, and smelters' enthusiasm for production is not good, so supply may be reduced," said a lead smelter. * For the top stories in metals and other news, click or PRICES 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 = 7.0404 Chinese yuan) (Reporting by Mai Nguyen; Additional reporting by Tom Daly in Beijing; Editing by Rashmi Aich and Sherry Jacob-Phillips)

METALS-Base metals advance as trade worries weaken U.S. dollar

06 Aug 2019

SINGAPORE, Aug 6 London base metals rose on Tuesday, as the U.S. dollar weakened after Washington labelled Beijing a currency manipulator, marking a sharp escalation in the year-long trade dispute between the two economies.

METALS-Copper drops to 2-year low on trade war; nickel at 4-year high

05 Aug 2019

SINGAPORE, Aug 5 London copper hit its lowest in more than two years on Monday after a trade war between the United States and China escalated, while Shanghai nickel prices hit a four-year high on renewed concerns of an export ban in Indonesia.

METALS-Copper drops to 3-week low on Trump tariff blow

02 Aug 2019

SINGAPORE, Aug 2 London copper tumbled to its lowest in over three weeks after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.

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