Edition:
United Kingdom

Zandi Shabalala

METALS-U.S.-China trade deal boosts copper prices even as doubts linger

16 Jan 2020

* Zinc and lead rise to two-month high (Updates with official prices)

Endeavour Mining drops takeover bid for Centamin due to lack of information

14 Jan 2020

LONDON Endeavour Mining abandoned its 1.5 billion pound pursuit of gold miner Centamin on Tuesday, citing a lack of information on its target while Centamin maintained the proposal was too low.

Codelco may not renew copper supply deal with troubled Chinese smelter: sources

13 Jan 2020

BEIJING/LONDON Top copper miner Codelco may not renew an agreement to supply copper concentrate to China's Shandong Fangyuan for 2020 because of financial problems at the private smelter, three sources with knowledge of the matter said.

METALS-Copper resilient despite weaker China data and Mideast tensions

06 Jan 2020

* Nickel touches lowest in nearly four weeks (Updates with closing prices)

METALS-Copper holds near 8-month peak as trade tensions ease

30 Dec 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Adds closing prices, updates trade news)

METALS-Copper near 8-month high on China data and trade deal hopes

27 Dec 2019

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

METALS-Copper hits highest level since July on hopes of U.S. tariffs delay

11 Dec 2019

* Copper hits highest since July 19 (Updates with official prices)

Gold miners flash the cash in biggest deal binge in a decade

04 Dec 2019

TORONTO/LONDON Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago.

Gold miners flash the cash in biggest deal binge in a decade

04 Dec 2019

TORONTO/LONDON, Dec 4 Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago.

METALS-Copper prices rise on trade deal prospects

04 Dec 2019

* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl * LME index hovers near lowest since 2017 (Updates with closing prices, Trump commments) By Zandi Shabalala LONDON, Dec 4 Copper rose on Wednesday on reports of progress towards an initial U.S.-China trade deal, though gains were capped by scepticism in some quarters. Bloomberg reported that the United States and China were moving closer to agreeing on the amount of tariffs to be rolled back in a "phase one" trade deal and U.S. President Donald Trump said talks were going well. This was a more positive tone than his comments the previous day, when Trump warned that a deal may not be possible until late next year, pushing copper prices to their lowest in almost three weeks. "We are seeing a short rebound in some metals today, but it's a rebound from low levels," said Commerzbank's head of commodities research, Eugen Weinberg. He added that the trade talks were "making one step forward and one and a half steps back". Benchmark copper prices on the London Metal Exchange (LME) ended 1.2% higher at $5,886 a tonne after shedding 1.1% in the previous session. The LME index hit its lowest in three months, putting it within striking distance of the weakest since mid-2017. TRADE: Progress in talks bodes well for metals demand, particularly for copper, which is usually viewed as a gauge for economic health. China accounts for about half of metals demand. INVENTORIES: Copper stocks in LME-registered warehouses fell to their lowest in nearly seven months, shedding 1,100 tonnes to 114,000 tonnes. However, spreads were unaffected by LME supply tightness, with the discount between LME cash copper and the three-month contract deepening to $25 a tonne from $7.50 nearly a month ago . SCRAP: China has issued a seventh batch of import quotas for scrap metal, including 17 quotas for a total of 7,970 tonnes of high-grade copper scrap, according to a notice from a unit of the environment ministry. RIO TINTO: Miner Rio Tinto said it would spend $1.5 billion to expand its Kennecott copper project in Utah, United States. COBALT: South Korean battery maker SK Innovation signed a six-year deal to buy up to 30,000 tonnes of cobalt from Glencore , allowing it to produce batteries for 3 million electric vehicles. NICKEL SUPPLY: Brazil's Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday. COLUMN: Copper smelters feel the squeeze as mine supply falters. PRICES: LME aluminium slipped 0.5% to $1,758 a tonne, zinc rebounded from a four-month low in the previous session, gaining 2% to $2,245, while lead edged up 1.2% to $1,922. Tin was unchanged at $16,750 and nickel lost 1.9% to $13,120. (Reporting by Zandi Shabalala Editing by Edmund Blair and David Goodman)

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