Edition:
United Kingdom

Zandi Shabalala

Exclusive: London Metal Exchange to delay ban on tainted metal until 2025 - sources

18 Sep 2019

LONDON/BEIJING The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.

METALS-Copper and other metals ease ahead of U.S.-China talks

17 Sep 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Adds official prices, adds dollar)

METALS-Copper rises to 6-week high as Trump delays tariffs

12 Sep 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices, adds talks)

Impala Platinum delays job cuts due to improved earnings - sources

04 Sep 2019

LONDON/JOHANNESBURG Impala Platinum will delay cutting thousands of jobs and closing some capacity at its main South African mine due to operational improvements and higher commodity prices, two sources with direct knowledge of the matter said.

METALS-Copper prices firm ahead of Fed minutes

21 Aug 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Adds official prices)

METALS-Lead scales two-week high on outage at Nyrstar smelter

12 Aug 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with official prices, Indonesia nickel)

METALS-Copper edges off two-year low as Washington soothes trade fears

07 Aug 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Adds closing prices, trade war update) By Zandi Shabalala LONDON, Aug 7 Copper inched higher on Wednesday after U.S. President Donald Trump dismissed fears of a protracted trade war with China, though a lack of progress on resolving the conflict kept prices near their lowest since 2017. Benchmark copper on the London Metal Exchange (LME) ended 0.4% higher at $5,703 per tonne, still close to Monday's two-year low of $5,640. "There has been nothing concrete and nothing has markedly changed (in the trade war)," said Natixis analyst Bernard Dahdah. "I would say the propensity of prices is to be lower until the end of this year. I don't think there is going to be a solution any time soon," Dahdah added. Markets fear an escalation in the trade war could negatively affect metals demand. China, the world's second largest economy, consumes nearly half of all industrial metals. TRADE WAR: Trump on Wednesday said his tough stance on China's behavior in global markets would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of critical chemicals known as rare earths. China's rare earths association said it would support counter-measures in the escalating trade row with the United States, which it accused of "bullying". EU ECONOMY: German industrial output fell more than expected in June due to weaker production of intermediate and capital goods, a further sign that Europe's biggest economy contracted in the second quarter as exporters were hurt by trade disputes. GLENCORE: The global miner said it would place its Mutanda copper and cobalt mine in Democratic Republic of Congo under care and maintenance from the end of this year due to low prices and higher costs. In 2018, Mutanda produced nearly 200,000 tonnes of copper and 27,300 tonnes of cobalt. "As Mutanda accounts for less than 1% of global copper mine production, the impact on a market which is sufficiently supplied should be limited," Julius Baer analyst Carsten Menke said. COPPER INVENTORIES: Copper stocks in LME-approved warehouses have more than doubled this year to 277,975 tonnes and those in warehouses monitored by the Shanghai Futures Exchange have risen 40% to 155,971 tonnes. PRICES: Aluminium ended 0.8% lower at $1,745 a tonne, hitting a two-month low, while zinc was down 2.1% at $2,261 after falling to its lowest since October 2016. Lead gained 0.2% to $2,002, tin fell 1.4% to $16,755 having touched its lowest since June 2016, and nickel fell 0.9% to $14,810. (Additional reporting by Mai Nguyen in Singapore and Tom Daly in Beijing Editing by Louise Heavens and David Holmes)

METALS-Copper pinned at two-year low by trade conflict

06 Aug 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with official prices)

Lead's gains climax as auto battery demand in China wanes

05 Aug 2019

LONDON Supply disruptions and historically low inventories are unlikely to mean shortages of the auto battery metal lead due to sliding demand in top consumer China, where growth is under pressure because of the U.S.-China trade dispute.

Exclusive: Full restart of Codelco's Chuquicamata smelter delayed until end of October - sources

02 Aug 2019

(This Aug. 1 story corrects to show that the smelter is ramping up; adds Codelco statement)

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.