LONDON/BEIJING Chinese firm Tsingshan Holding Group has been buying large quantities of stainless steel ingredient nickel on the London Metal Exchange (LME) to supplement its own output, two sources familiar with the matter said.
LONDON The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa.
* Copper stocks in LME-approved warehouses fall
(Releads, updates with dollar, closing prices)
LONDON/SINGAPORE, July 5 Tsingshan and other
firms investing in an electric vehicle battery chemical plant in
Indonesia will have to pay significantly more than a $700
million price tag estimated last year, three sources familiar
with the matter said.
* Tin price hits a 7-month low
(Updates with official prices, adds bullet on Europe)
* Discount for cash against 3-month aluminium narrows
(Updates with official prices, U.S. data and nickel)
* Premium for cash zinc over three-month contract narrows
(Updates closing prices)
* First copper resistance at $6,070/T
(Adds comment, closing prices)
* Strike at Codelco's Chuquicamata mine provides support
(Recasts with closing prices)
LONDON, June 14 Copper prices fell on Friday
after weak manufacturing and investment data from top consumer
China reinforced expectations of damage to growth and demand
prospects from the protracted U.S.-China trade war.