World metal market on 10/1/2019: Copper maintains stable

Copper prices in London on January 10, 2019 changed slightly, due to optimism about the latest trade talks in Beijing between the US and China.

Three-month copper prices on the London exchange remained unchanged at $ 5,956 / ton, after rising 0.9% in the previous session. The price of copper in March 2019 on the Shanghai floor decreased by 0.1% to 47,500 CNY (6,974.01 USD) / ton.

China's Ministry of Commerce said that trade negotiations with the US in this week were extensive and detailed, establishing a platform to solve the differences between the two largest economies in the world.

China's Ministry of Commerce said that trade negotiations with the US this week were extensive and detailed, establishing a platform to address the differences between the two largest economies in the world.

Copper exports from the Grasberg mine in Indonesia, the second largest copper mine in the world, is expected to fall this year, due to changing from outdoor mining to underground mining.

The base metals price had opposite movements , with London nickel prices falling by 0.1% and zinc by 0.4%, but LME aluminum prices rose 0.1% and tin surpassed $ 20,000 / ton - times. first - more 6 months, there was an increase of 0.2% during the session to USD 20,100 / ton, the highest since June 26, 2018, due to concerns about tight supply.

Aluminum producer -Norsk Hydro Norway aims to continue to produce at full capacity in Alunorte alumina plant, Brazil for weeks or months, although production is still uncertain, Svein Richard Brandtzaeg- chief executive said.

Korea's LG Chem said it would invest a total of 1.2 trillion won ($ 1.07 billion) to expand two battery factories in China by 2020, in an effort to meet demand of lobal increase.

Chứng khoán châu Á bắt đầu thận trọng trong ngày thứ năm (10/1/2019), sau khi tăng trong nhiều ngày khi thị trường chờ đợi thêm thông tin về đàm phán thương mại Mỹ - Trung Quốc, gia tăng kỳ vọng sẽ đạt được 1 thỏa thuận để chấm dứt chiến tranh thương mại giữa 2 nền kinh tế lớn nhất thế giới.Asian stocks began to be cautious on Thursday (January 10, 2019), after rising for several days as the market waited for more information about US-China trade negotiations, the increase in expectations will reach an agreement to end the trade war between the two largest economies in the world.