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  • MELBOURNE, Nov 23- London copper slipped to a fresh six-and-a-half year low on Monday, as traders bet metals prices had further to fall given China's slowing factory demand. *Across other metals, Shanghai nickel fell 4 percent, dragging London nickel down 2 percent, on concerns that China's steel glut would hit other steel-making materials.

  • BEIJING, Nov 20- China's major zinc smelters said on Friday they will slash output by 500,000 tonnes next year, almost a fifth of their output as the industry tries to boost prices languishing at six-year lows. It fell back to $1,588 by 1437 GMT, but is still on course for its largest one-day gain since Oct. 9. "We had the announcement of zinc mine closures by Glencore a...

  • LONDON, Nov 20- The London zinc price touched a fresh six-year low of $1,497.50 per tonne on Thursday. Last month's flurry of excitement after Glencore's announcement of 500,000 tonnes of mine cuts had, it seemed, completely dissipated. Zinc, like copper, has been coming under sustained bear attack from China, where Shanghai Futures Exchange volumes and open...

  • *Zinc had hit 6- yr low on Thursday as China output weighed. LONDON, Nov 20- Zinc prices surged nearly 6 percent on Friday after top Chinese smelters agreed to cut output next year by 500,000 tonnes, sparking worries about shortages. A surge of refined output from China has been weighing on the whole zinc market all year, "said Caroline Bain, senior commodities...

  • SHANGHAI, Nov 20- Even with copper prices reeling from their biggest rout in six years, there were few signs at China's biggest copper conference this week of manufacturers being tempted back to buy more of the metal. At the Shanghai meeting, big copper users, ranging from wire manufacturers to plumbing material makers, in the world's top consumer told a similar...

  • *London copper facing biggest weekly loss this year. MELBOURNE, Nov 20- London nickel slumped to its weakest level in more than a decade on Friday, as traders shorted the metal used by China's struggling stainless steel industry, gripped by a wider downturn across industrial metals demand. The collapse of nickel prices, the first industrial metal to drop to levels...

  • *Nickel, zinc seen as casualties of China steel woes-trader. LONDON, Nov 19- Base metals fell to multi-year lows on Thursday as worries that supply cuts are not enough to balance a market battling weak demand in top metals user China. "The dollar on a day to day basis drives the price but the bigger picture is not enough production cutbacks and we still see very...

  • *Bank of Japan maintains stimulus, ECB minutes due later. European stocks also opened strongly with the FTSEurofirst 300 pushed to a three-month high by more than 1 percent gains in London, Frankfurt and Paris, after Japan's Nikkei had hit a similar peak in Asia. "We have had an interesting FOMC minutes and risk assets have rallied across the board with the dollar...

  • Nov 19- Hong Kong shares ended more than 1 percent higher on Thursday, encouraged by a rally on Wall Street and a robust rebound in mainland markets. "A U.S. rate hike won't have any negative impact on the market because it has been talked about so much," said Wayne Shen, Shanghai- based fund manager at Ivy Assets. He added that many Hong Kong stocks were much cheaper than...

  • SHANGHAI, Nov 19- China stocks ended higher on Thursday, with a sharp rebound in small-caps offsetting the drag from property shares and investor caution ahead of a flurry of new listings. Wayne Shen, Shanghai- based fund manager at Ivy Assets, said that in the short term, the market was under pressure from upcoming initial public offerings, but looking forward, the...

  • *Bank of Japan maintains stimulus, ECB minutes due later. Financial spreadbetters expected opening gains of 0.45 percent for Britain's FTSE 100, 0.89 percent for the German DAX and 0.88 percent for France's CAC 40. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.98 percent, while Australia's main index jumped 2 percent for a third straight...

  • *Bank of Japan maintains stimulus, ECB minutes due later. The Bank of Japan surprised no one at its regular policy meeting by maintaining the current pace of asset buying, though many still suspect it will have to ease again at some point to force inflation higher. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5 percent.

  • SHANGHAI, Nov 19- China's yuan edged up against the dollar on Thursday after the central bank set a stronger midpoint for only the second time this month. The People's Bank of China set the midpoint rate at 6.3791 per dollar prior to market open, 0.01 percent firmer than the previous fix 6.3796. The move by the PBOC suggested Chinese regulators still harbor...

  • *Shfe nickel, zinc, seen as casualty of China steel woes-trader. MELBOURNE, Nov 19- London copper edged up on Thursday but remained near its lowest in more than half a decade, as persistent concerns about ebbing demand from top metals user Chinese eclipsed the impact of a slightly softer dollar. "We are already seeing the start of the next bull market in commodities,"...

  • *China corporate borrowing hit by slowing economy. BEIJING, Nov 19- Some Chinese banks, hit by a surge of troubled borrowing in a weakening economy, are increasingly failing to recognise loans gone sour on their books to avoid having to stump up capital. This hidden build up of substandard corporate loans, spurred by China's slowest economic growth in a quarter of a...

  • *Agency urges trading on Shanghai natural gas spot exchange. BEIJING, Nov 18- China announced a near 25 percent cut in wholesale prices of natural gas from Friday, the second reduction this year, as it seeks to boost flagging growth in demand for the cleaner-burning fuel. Benchmark city-gate prices for non-residential users will be lowered by 0.70 yuan per cubic...

  • *Attacks in Paris prompt travel cancellations in Asia. Nov 18- Fresh violence on the streets of Paris and bomb threats against Air France flights have rattled the global tourism industry, with travellers from wealthy Asian nations thinking twice about trips to Europe. Some Chinese visiting Paris last weekend swiftly diverted to Switzerland, said Jane Chen at...

  • LONDON, Nov 18- History may not repeat itself but it certainly does rhyme strongly when it comes to the copper market. January's implosion was exacerbated by liquidity black holes with the Shanghai Futures Exchange contract going limit-down and forcing order flows into the LME market in the wee hours of the London morning. This time the collapse has been more...

  • LONDON, Nov 18- Base metals hit multi-year lows on Wednesday as fears persisted over waning demand in top metals user China and investors awaited the minutes of the U.S. London Metal Exchange zinc hit a fresh six-year trough of $1,518.50 a tonne, and was down 0.3 percent at $1,543 a tonne at 1135 GMT; lead struck its weakest in more than five years at$, 1571 while nickel...

  • *Central bank gives' window guidance' from Friday- trade source. SHANGHAI, Nov 18- China has moved to restrict trade at offshore yuan clearing banks, sources told Reuters on Wednesday, stepping up capital controls even as Beijing positions its currency for inclusion in the International Monetary Fund's reserve basket. The move suggests Chinese regulators still...