President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
(Adds details, updates prices)
SINGAPORE, May 16 (Reuters) - Shanghai aluminum futures prices on Thursday hit their highest since October 2018 on worries over supply shortage, following a refinery shutdown in China - the world's top aluminum maker.
Xinfa Group, one of China's biggest aluminum smelters, is closing all production lines on its 2.8-million-tonne-per-year alumina refinery in Shanxi for an unidentified period, amid an environmental dispute, causing alumina prices to spike. <SMM-ALM-NCHN>
The most active aluminum contract on the Shanghai Futures Exchange rose as much as 0.5% to 14,395 yuan ($2,092.69) a tonne in early Asian trading hours. It ended up 0.4%, marking the fifth straight session of gains.
Alumina is a substance used to make aluminum.
"Alumina price has increased a lot this week and likely to remain high, which gives support to the aluminum price. Mid-term demand will still be a key factor worth-monitoring," said analyst Jackie Wang of metals consultants CRU based in China.
While all Shanghai metals rose following an overnight rally in London, sentiment on the London Metal Exchange was cautious for most metals after China released weaker-than-expected retail sales and industrial output data for April.
The figures for April largely pointed to a loss of momentum, after surprisingly upbeat March readings had raised hopes the economy was slowly getting back onto a firmer footing and would require less policy support.
An expected U.S. decision to delay imposing tariffs on imported cars and parts helped sentiment.
* Three-month copper on the London Metal Exchange was almost unchanged at $6,083 a tonne, as of 0729 GMT, while aluminum edged up 0.2% and nickel was trading 0.5% lower.
* Shanghai copper rose 0.4% to 47,790 yuan a tonne, nickel was up 1.2%, zinc advanced 1.3%, lead increased 2% and tin edged 0.5% higher.
* ALUNORTE: A Brazilian court lifted one of two production embargoes on Norsk Hydro's Alunorte, the world's top alumina refinery, but output remains curtailed at 50% capacity as the remaining embargo still remains.
* CODELCO: State miner Codelco, the world's top copper producer, said on Wednesday it has agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile.
* U.S. COPPER: The U.S. Interior Department on Wednesday renewed two long-mothballed leases in Minnesota, a key step in opening up the area to copper mining despite heavy opposition from local and conservation groups.
* MEXICO: Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday.
* For the top stories in metals and other news, click or
Three month LME copper
Most active ShFE copper
Three month LME aluminum
Most active ShFE aluminum
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.8787 Chinese yuan)
(Reporting by Mai Nguyen; Editing by Richard Pullin and Sherry Jacob-Phillips)