After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
(Adds quotes, chart; updates prices)
SINGAPORE, Aug 13 (Reuters) - Shanghai aluminum rallied to its highest in more than two months on Tuesday, as a typhoon in China hit the world's top aluminum producer and raised concerns about supply disruptions.
Facilities belonging to China Hongqiao Group, the world's top aluminum producer, were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm.
The most active aluminum contract on the Shanghai Futures Exchange hit 14,285 yuan ($2,022.43) a tonne, its highest since May 29. Three-month aluminum on the London Metal Exchange (LME) rose 0.3% by 0356 GMT.
"According to the price, it looks like there's some impact in Shandong, but we haven't got any confirmative information about how much production loss could be or if there's any essential impact," said CRU analyst Jackie Wang.
"Chinese aluminum deficit is very small. Demand growth has definitely been downgraded mainly due to the auto industry," Wang said, adding that the deficit might close and even become a surplus for the rest of the year if consumption remains weak.
* PRICES: LME nickel edged up 0.1%, while lead fell 0.7%. Shanghai copper decreased 0.2%, nickel increased 0.7%, zinc rose 1%, while lead fell 1%.
* INDONESIA: Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020, news website Detik.com quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying on Monday.
* NYRSTAR: Belgium's Nyrstar said on Monday it had shut down its zinc-lead smelter furnace in Port Pirie, Australia, after an incident, the second disruption at the plant this year.
* CHINA LOANS: China's banks extended surprisingly fewer new yuan loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease policy further to support the slowing economy.
* LME TRADING TIME: The LME will extend its final open-outcry trading sessions for all metals starting Sept. 23 after volumes jumped during a trial, it said on Monday.
* 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 = 7.0633 Chinese yuan renminbi)
(Reporting by Mai Nguyen; editing by Richard Pullin and Rashmi Aich)