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.
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.
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.
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.
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.
* Ore ruling change "uncertain" - senior official
(Adds quotes, details)
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
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.
* 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
* 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
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
($1 = 7.0404 Chinese yuan)
(Reporting by Mai Nguyen; Additional reporting by Tom Daly in
Beijing; Editing by Rashmi Aich and Sherry Jacob-Phillips)
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.
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
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.