Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
Shanghai copper opens higher, LME down as oil slips
Shanghai LME
Now Close Now Close Copper 59880 59770 7830.00 7875.00 Aluminium 18715 18765 2880.00 2875.00 Zinc 16765 16645 1982.00 1985.00 ----------------------------------------------------------
JUNE 5
In the news > Copper slips on weak demand prospects [nL04512288] > Chile Cochilco sees small '08 world copper deficit[nN04406078] > Norilsk postpones Botswana nickel refinery project[nL04747285] > High prices hit Turkish copper producer's margins [nL04705467] > Customs checks limit China pre-Games scrap imports[nHKG289520] ---------------------------------------------------------- * Shanghai August copper SCFQ8 opens up at 59,880 yuan ($8,629) at 0101 GMT on Thursday, versus 59,770 yuan at the previous close. London Metal Exchange copper MCU3 down $45 at $7,830. * Weakness seen across commodities on firming dollar after Fed chairman Bernanke repeated warnings of inflation. Oil CLc1 down 44 cents at $121.86 a barrel. Gold XAU= also lower. * Shanghai August zinc SZNQ8 at 16,765 yuan a tonne, up from 16,645 yuan, but still near the benchmark contract's lifetime low of 16,120 yuan touched in November 2007. London zinc MZN3 down $3 at $1,982. * Shanghai aluminium SAFQ8 falls to 18,715 yuan from 18,765. LME metal MAL3 up $5 to $2,880. ($1=6.939 Yuan) (Reporting by Nick Trevethan; Editing by Louise Heavens)
