LME metals up, supported by the weak dollar, but gains limited, mostly resting on arbitrage bids for zinc, copper, says Singapore based LME trader. Says direction likely to come from U.S. June housing starts data at 1230 GMT. Adds, does not expect further gains ahead of the data with equity markets mixed, nervous. China based [...]

SINGAPORE July 7 – Shanghai copper was seen opening higher on Wednesday, while London futures dipped, paring the previous session’s rally of 2 percent as a run on the dollar to a six-week low slowed. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 fell $34 to $6,570 by 0034 GMT. When Shanghai closed [...]

Apparent daily appetite for refined copper in China, the world’s top consumer, grew 5 percent in May from April, Reuters calculations show, as a fall in imports was offset by rising output and a drop in stock levels. Copper consumption came in at just over 700,000 tonnes last month, versus 650,000 in April. China’s arrivals [...]

Shanghai Weekly Inventory: Copper -3388MT, Aluminum -60MT, Zinc -23186MT.

SHANGHAI – Shanghai copper opened up 2.3 percent on Thursday, chasing a 3 percent rally on the London Metal Exchange while the Chinese market was shut Monday through Wednesday. Shanghai aluminium rose about half a percent at 14,630 yuan a tonne, and the third-month zinc contract was up 2.1 percent at 14,600 yuan at the [...]

Shanghai Weekly Inventory: Copper -10091, Aluminum +3999, Zinc +3999.

Global mining giant BHP Billiton Tuesday said it would now sell iron ore to most Asian steel mills on a short-term basis, scrapping an annual pricing model that provoked acute tensions with China. Skip related content Related photos / videos A construction worker prepares steel reinforcing rods at a building site in Shanghai Enlarge photo [...]

ZHENGZHOU, Mar 01, 2010 Aluminum Corporation of China (Chinalco) will likely trigger the state-owned economy recession and private-owned economy development, once its aluminum processing assets are sold to Henan Zhongfu Industry Co., Ltd. (SHSE: 600595). Currently, Chinalco Henan Aluminum Fabrication Co., Ltd., one of the state-owned aluminum tycoon’s subsidiaries, is in talks with Zhongfu Industry [...]

* London copper pares previous gains; holds around $6,900 * ShFE lags, arbitrage narrows before holidays * Aluminium ticks up, but China over capacity worries * Shanghai metals stocks tick up before holidays (Adds stocks data, graphics) By Nick Trevethan SINGAPORE, Feb 12 (Reuters) – Shanghai copper rose 1.8 percent on Friday, chasing London’s biggest [...]

Shanghai Weekly Inventory: Copper +13092 , Aluminum +21375, Zinc 0.

keep looking »