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United Kingdom

Mai Nguyen

INTL FCStone sees more growth in precious metals after third-quarter record volume

11:33am BST

SINGAPORE INTL FCStone, a top global bullion broker, expects further growth on its trading platform after reporting a 50% jump in precious metals trading volumes in the year ended Sept. 30, the Asia head of precious metals at the firm said.

METALS-Copper dips on bleak China data

8:41am BST

SINGAPORE, Oct 18 Copper prices gave up earlier gains to trade lower on Friday as disappointing data from China showed the impact of the protracted U.S-China war on its economy, but easing trade tensions and hopes of a soft Brexit cushioned losses.

METALS-Copper falls on concerns slowing economic growth to dent demand

17 Oct 2019

SINGAPORE, Oct 17 Copper prices edged down on Thursday because of worries that slowing global economic growth will cause a fall in demand for industrial metals.

China copper smelters hike fourth-quarter treatment charge floor ahead of 2020 talks

17 Oct 2019

KUNMING, China/SINGAPORE China's top copper smelters on Thursday raised their fourth-quarter floor treatment and refining charges (TC/RCs) by 20% from the previous quarter, according to three people with knowledge of the matter.

UPDATE 2-China copper smelters hike Q4 treatment charge floor ahead of 2020 talks

17 Oct 2019

* Smelting closure, more Indonesian supply push up floor price

METALS-Copper dips after Chilean miner Antofagasta averts labour strike

16 Oct 2019

(Updates prices) By Mai Nguyen SINGAPORE, Oct 16 Copper prices dipped on Wednesday as supply fears eased after a leading Chilean producer averted a labour strike, and as demand remained depressed amid the Sino-U.S. trade war. Antofagasta Minerals , one of the world's top copper producers, reached a labour agreement with a union of supervisors at its flagship Los Pelambres mine, including a salary hike, bonus and loan incentives for workers. Three-month copper on the London Metal Exchange (LME) fell 0.4% to $5,748.50 a tonne as of 0700 GMT, while Shanghai Futures Exchange's (ShFE) most-traded copper contract ended 0.4% lower to 46,750 yuan ($6,591.47) a tonne. Demand for the red metal remained subdued amid the ongoing trade war between the world's two biggest economies and also major copper users. The International Monetary Fund warned on Tuesday that the U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, while a Reuters poll saw China's growth slowing to a near 30-year low this year. FUNDAMENTALS * WINTER CUTS: China's northern cities will be required to cut emissions of dangerous PM2.5 particles as part of the country's anti-pollution plan for winter. * HONGQIAO: Top aluminium producer China Hongqiao Group has agreed to set up a "green aluminium" industrial park in China's Yunnan province. * CHINA COPPER: Fitch Solutions forecasted China's copper output growth rate during 2019-2028 to slow to an annual average of 1.9%, from an average rate of 4.8% in the previous decade, due to declining copper ore grades in the country. "China will ramp up overseas copper investment in the coming years as the nation's domestic copper production capacity fails to meet internal domestic consumption levels," Fitch Solutions said in a report. * COPPER: Australia's OceanGold Corp lowered its 2019 copper output target to 10,000-11,000 tonnes, from 14,000-15,000 tonnes previously, after suspending a mine in the Philippines. * ZINC: LME zinc fell 0.4%, after hitting its highest in two-and-a-half months in the previous session amid low inventories caused by a bottle-neck issue at the smelting stage and exacerbated by recent smelter outages. * NICKEL: Shanghai nickel dropped to as low as 131,750 yuan a tonne, its lowest since Aug. 30, amid weak demand from both the stainless steel and electric-vehicle sectors. * PRICES: LME nickel fell 0.6%, lead eased 0.1% and tin advanced 0.5%. Shanghai aluminium rose 0.6%, zinc fell 0.4%, and tin climbed 1.3%. * 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 = 7.0925 Chinese yuan renminbi) (Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips)

METALS-LME nickel recovers on tight stockpiles

15 Oct 2019

SINGAPORE, Oct 15 Nickel prices in London jumped on Tuesday, recouping some of the previous session's sharp losses, as stockpiles remained at a multi-year low.

METALS-LME nickel recovers amid tight stockpiles

15 Oct 2019

SINGAPORE, Oct 15 Nickel prices in London jumped on Tuesday, recouping some of the previous session's sharp losses, as stockpiles remained at a multi-year low.

METALS-Copper ticks up on trade progress, but caution limits gains

14 Oct 2019

SINGAPORE, Oct 14 Copper prices rose on Monday on signs of progress in U.S.-China trade talks and supply disruptions in parts of South America, but gains were capped by disappointing Chinese import/export data and caution about prospects for a final trade deal.

METALS-Shanghai copper hits near 2-week high on trade hopes

11 Oct 2019

SINGAPORE, Oct 11 Shanghai copper rose to a near two-week peak on Friday after U.S. President Donald Trump described trade talks with China as "very good", raising hopes of breakthrough in the tariff war between the world's two biggest economies.

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