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  1970-01-01 00:00

• Copper Spot News

  • Kazakhstan copper strike not the end of the matter
  • ‘Copper pump’s’ potential benefit in cancer treatment
  • Copper, lead recover on industrial demand, global cues
  • Copper rebounds from four-month lows, Greek worries caps gains
  • France: First priority is cutting debt, deficit
  • LME’s plan to ditch sterling recognises need to adapt
  • Bullion, base metals and energy outlook by SMC Global
  • GEPL Capital`s view on bullions, base-metals, energy
  • Mining group Anglo sees little respite for copper supply deficit
  • BASE METALS: Copper Ends Near Flat On Mixed Economic Data
  • Copper down 1.13% on weak global cues
  • Check out best bets for crude, gold, copper
  • The doctor’s diagnosis on the great world economy
  • Persistent selling mars indices
  • World stocks, euro off lows on ECB easing hopes
  • US market exceedingly weak, buy gold on dips: Fat Prophets
  • Sterlite: Weak outlook priced in
  • Sterlite Industries, Hindalco hit 52-week low on falling copper prices
  • Copper to remain uninspiring, range-bound in short term
  • Hindustan Copper sees prices staying high

 SHANGHAI June 29  - Shanghai copper is expected
to open steady on Tuesday, as concerns over the pace and scale
of economic recovery weigh after mixed U.S. economic data were
released.

 FUNDAMENTALS

 * Three-month copper on the London Metal Exchange CMCU3
fell $59 to $6,810 by 0026 GMT on Tuesday, paring some gains in
the previous session.

 * When Shanghai closed on Monday, LME copper stood at
$6,783.

 * U.S. consumer spending rose moderately in May, even as
savings touched the highest level in eight months, showing that
a tepid economic recovery was intact. [ID:nN28253397]

 * The national activity index released by the Chicago Fed
slipped last month to 0.21 from 0.25, but remained above levels
historically linked to a mature economic recovery following a
recession.

 * To support the sentiment, LME copper stocks continued to
decline, down 1,075 tonnes on Monday to 453,175 tonnes, lowest
since early December last year. [MCU-STOCKS]

 * Indicating active demand, the ratio of cancelled warrant
-- materials earmarked for delivery -- to the total tonnage
rose to 7.04 percent, the highest since June 2009.

 MARKET NEWS

 * U.S. stocks ended slightly lower on Monday as gains in
consumer-related stocks, including tobacco shares, were offset
by losses in the energy sector. [.N]

 * The euro was under pressure on Tuesday and dangerously
close to a key support level, as funding concerns about the
euro zone drove investors to the safe-haven Swiss franc.[USD/]

 DATA/EVENTS

 The following data/events are expected on Tuesday (GMT):

 * Japan fin min Noda news conference   -n/a

 * Japan June manufacturing PMI         -0030

 * French consumer confidence for June  -0645

 * French housing starts for May        -0645

 * UK May consumer credit, money supply -0830

 * Eurozone June business climate index -0900

 * ICSC/Goldman Sachs weekly U.S. chain store sales -1145

 * REDBOOK weekly U.S. retail sales                 -1255

 * U.S. S&P/Case-Shiller home price index for April -1300

 * U.S. consumer confidence for June                -1400

 RELATED NEWS: > METALS-Copper eases back from 1-mth top

[ID:nLDE65R0SB] > Australia PM under pressure to jumpstart
talks  [ID:nSGE65R0K4] > Rio faces tough recruitment challenge

      [ID:nSGE65R0K1] > Russia Norilsk owners battle flares
up again    [ID:nN28272122] > Unwrought aluminium stocks 1.250
mln T in May-IA[ID:nLDE65R0UZ] > Henan plan may trigger more
aluminium cuts      [ID:nSGE65R082] > METALS INSIDER-May stocks
rise shows need       [ID:nLDE65R17Y]

PRICES
  Base metals prices at 0026 GMT
 Metal         Last       Change   Pct Move  End 2009 YTD pct
chg
 LME Cu        6810.00    -59.00     -0.86    7375.00
-7.66
 LME Alum      2015.00    -14.00     -0.69    2230.00
-9.64
 LME Zinc      1865.00    -15.00     -0.80    2560.00
-27.15
 LME Lead      1839.00    -21.00     -1.13    2432.00
-24.38
  Dollar/yuan          6.7935 \ 6.7945

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• Recent Posts

  • Kazakhstan copper strike not the end of the matter
  • ‘Copper pump’s’ potential benefit in cancer treatment
  • Copper, lead recover on industrial demand, global cues
  • Copper rebounds from four-month lows, Greek worries caps gains
  • France: First priority is cutting debt, deficit

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