🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

METALS-London metals take a breather from recent gains

Published 11/01/2017, 12:48 pm
Updated 11/01/2017, 12:50 pm
METALS-London metals take a breather from recent gains
BHP
-
BHPB
-
HG
-

SYDNEY, Jan 11 (Reuters) - London copper and zinc eased off one-month highs on Wednesday, in light profit-taking following several days of gains.

FUNDAMENTALS

* Three-month copper on the London Metal Exchange CMCU3 slipped 0.3 percent to $5,740 a tonne by 0130 GMT.

* The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rose 2.4 percent to 46,860 yuan a tonne.

* Indonesia will issue new rules for miners this week, the mining minister said late on Tuesday, which will cover contracts and permits, exports, taxes, divestment obligations and domestic processing requirements, among other issues. Peru will likely produce between 2.6 million and 2.7 million tonnes of copper this year, up from an estimated 2.2 million tonnes in all of 2016. BHP Billiton BHP.AX BLT.L , the world's biggest miner, said its chairman and chief executive held positive talks with U.S. President-elect Donald Trump on Tuesday, 10 days ahead of him taking office. For the top stories in metals and other news, click

TOP/MTL or MET/L

MARKETS NEWS

* The U.S. dollar was little changed against a basket of major currencies on Tuesday on nervousness ahead of U.S. President-elect Donald Trump's first news conference set for Wednesday, while the Mexican peso hit a record low. FRX/ USD/ EMRG/FRX

* U.S. stocks ended Tuesday mixed, while the dollar fell against the yen on investor caution ahead of a news conference by U.S. President-elect Donald Trump on Wednesday. MKTS/GLOB

DATA/EVENTS 0500 Japan

Leading indicator

Nov 0500 Japan

Coincident indicator Nov 0930 Britain

Industrial output

Nov 0930 Britain

Trade data

Nov

PRICES

Three month LME copper

CMCU3

Most active ShFE copper

SCFcv1

Three month LME aluminium

CMAL3

Most active ShFE aluminium

SAFcv1

Three month LME zinc

CMZN3

Most active ShFE zinc

SZNcv1

Three month LME lead

CMPB3

Most active ShFE lead

SPBcv1

Three month LME nickel

CMNI3

Most active ShFE nickel

SNIcv1

Three month LME tin

CMSN3

Most active ShFE tin

SSNcv1

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.