Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with official prices, Indonesia nickel)
LONDON, Aug 12 (Reuters) - Lead prices touched a two-week high on Monday after Belgium-listed Nyrstar said it had stopped production at its Port Pirie smelter in Australia, raising fears of shortages of the metal mainly used in car batteries.
The stoppage is the second this year at the lead smelter and follows an outage in June and July, when 30,000 tonnes of metal were lost in the 12 million tonne market.
Benchmark lead on the London Metal Exchange (LME) touched its highest since July 26, at $2,101.50 per tonne, but closed 0.2% lower at $2,065.
"There is uncertainty on when the smelter will be back up and running on a reliable basis and this should support prices," said Capital Economics Senior Commodities Economist Ross Strachan.
"But it's still fairly gloomy on the economic background with the trade war," Strachan said, adding this could cap gains in base metals.
MARKET BALANCE: During the first five months of the year, the global lead deficit increased to 42,000 tonnes from 34,000 tonnes in the same period last year, according to the International Lead and Zinc Study Group.
INVENTORIES: Inventories of lead at LME-approved warehouses fell 800 tonnes to 82,475 tonnes, having jumped about 50% since hitting their lowest since 2009 three weeks ago. <MPBSTX-TOTAL>
SPREADS: Low inventories have created a premium for cash nickel to the three-month contract, which by Friday stood at around $14 a tonne, although this was down from nearly $30 on Thursday <CMPB0-3>.
POSITIONS: Shortage concerns are exacerbated by one entity holding between 50% and 79% of LME warrants <0#LME-WHL>.
GLOBAL GROWTH: The economic outlook has deteriorated in all parts of the world over the summer due to an escalating trade dispute between the United States and China, a survey showed on Monday.
TRADE WAR: On Friday, U.S. President Donald Trump said he was not ready to make a deal with China and even called a September round of trade talks into question.
CHINA CARS: Sales of new energy vehicles in China fell 4.7% in July from a year earlier, the first drop in more that two years, data from the country's biggest auto industry association showed.
NICKEL: Nickel finished 1% higher at $15,710 a tonne, after hitting a 16-month high of $16,690 last week on the possibility of Indonesia bringing forward a ban on mineral ore exports.
Indonesia aims to speed up enforcement of a ban on mineral ore exports due to come into force in 2020, news website Detik.com quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying.
PRICES: Copper closed 0.2% lower at $5,742 per tonne, while aluminum was unchanged at $1,771. Zinc gained 2% to $2,278 after touching a three-year low, while tin closed down 0.4% at $16,825, after also touching a three-year intraday low. (Additional reporting by Tom Daly in Beijing Editing by Jason Neely and David Holmes)