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London copper rise as risk appetite grows-2017 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
8/31/2016 有色金属展-铜材展-non-ferrous metals expo |
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Reuters reported that London copper rose as risk appetite grew on bets of further easing by the world''s central banks after a meeting in Jackson Hole, Wyoming at the weekend, and as London markets reopened after a long holiday break.
FUNDAMENTALS
1. Three-month copper on the London Metal Exchange had edged up 0.3 percent to $4,629.50 a tonne by 0107 GMT, from Friday''s session when prices had dropped to their weakest in two months at $4,615 a tonne.
2. Shanghai Futures Exchange copper traded up 0.1 percent at 36,410 yuan ($5,453) a tonne.
3. LME nickel rebounded by 0.8 percent following steep losses of 5.2 percent last week.
4. Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession.
5. Activity in China''s manufacturing sector likely shrank for a second straight month in August but at a marginal pace, a Reuters poll showed, suggesting the economy is steadying even as the government vows to cut more industrial overcapacity.
6. China''s parliament has proposed increasing tax benefits for companies that cut pollution by more than the national standard, state media reported on Monday, the first details of a much-anticipated new code aimed at curbing the country''s emissions.
7. Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry''s next big growth market.
8. The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton , was caused by drainage and design flaws, a report into Brazil''s worst-ever environmental disaster showed on Monday.
9. Canadian copper miner Ivanhoe Mines Ltd said on Monday that companies from Asia, Europe, Africa and elsewhere had expressed interest in the company and its projects in recent months.
-2017 China(Guangzhou)Int’l
Non-Ferrous
Metal（Copper）Exhibition
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