BEIJING, Oct 17 (Reuters) - Shanghai copper extended losses for a second day on Wednesday, curbed by tepid spot trading amid increasing stockpiles at the futures exchange.
FUNDAMENTALS
* Three-month copper on the London Metal Exchange CMCU3 edged up 0.1 percent to $6,221 a tonne by 0109 GMT, and the most-traded copper contract for November delivery on the Shanghai Futures Exchange SCFcv1 dipped 0.5 percent to 50,270 yuan ($7,274.75) a tonne.
* TRADE: Chinese exporters are mostly confident they can weather a trade war with the United States, but worry about collateral damage it might cause throughout the global economy, according to a Reuters poll of participants at China's largest trade fair. CHINA DEBT: Off-balance-sheet borrowings by Chinese local governments could be as high as 40 trillion yuan ($5.78 trillion) and amount to "a debt iceberg with titanic credit risks", S&P Global Ratings said in a report on Tuesday. BHP: The world's biggest miner, BHP BHP.AX , said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. COPPER PROJECT: Chile's state copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. COPPER TAX: Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, said companies involved in exploration For the top stories in metals and other news, click TOP/MTL or MET/L
MARKETS NEWS:
* Asian equities got some much needed relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies. MKTS/GLOB
DATA/EVENTS
0830 UK Consumer prices Sep
0900 Euro Zone Construction output Aug
1230 U.S. Housing starts Sep
1230 U.S. Building permits Sep
1800 U.S. Federal Reserve releases minutes from its Sept. 25-26 policy meeting
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
ARBS
LMESHFCUc3
LMESHFALc3
LMESHFZNc3
LMESHFPBc3
LMESHFNIc3
($1 = 6.9102 Chinese yuan renminbi)