LME copper above $8,000 on oil surge; Shanghai shut

Shanghai LME

Now Close Now Close Copper
Closed 60640 8010.00 8000.00
Aluminium Closed 18860 2963.00 2957.00
Zinc Closed 16680 1975.00 1980.00
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JUNE 9

In the news > Copper, aluminium up as dlr
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strike moors ships [nN06435120] > Peru mine workers
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looms in Jamaica's bauxite sector [nN06435417] > RUSAL Guinea
alumina plant in deal to end stoppage[nN06397508] > Prokhorov
says Norilsk-RUSAL merger inevitable [nL07613746]
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* London Metal Exchange copper MCU3 gains $10 to $8,010 by
0056 GMT on Monday, after rallying 2.4 percent on Friday,
buoyed by a softer dollar EUR= and an unprecedented surge in
crude oil prices in the previous session.
* Shanghai closed, along with Hong Kong and Australia, for
market holidays.
* Oil CLc1 jumped $11 a barrel on Friday, its biggest ever
one-day dollar gain on Nymex, to a record $139.12. Currently
trading at $137.77.
* China raised its reserve requirement ratio by 1 percentage
point over the weekend, while copper stocks in Shanghai fell a
more-than-expected 5,725 tonnes to 38,829 tonnes last week,
setting the stage for a challenging return for Chinese players
on Tuesday.
* Aluminium MAL3 up $6 at $2,963 after a 2 percent jump on
Friday.
* London zinc MZN3 down $5 at $1,975 after a staid
performance on Friday.
(Reporting by Nick Trevethan; Editing by Ian Geoghegan)