MELBOURNE, March 10 London copper steadied on
Friday after six straight days of declines but was on track to
log its steepest weekly loss since August after an influx of
deliveries into exchange warehouses this week doused immediate
* Three-month copper on the London Metal Exchange
edged up by 0.2 percent to $5,701 a tonne by 0052 GMT, after a
drop of 1.4 percent in the previous session when prices plumbed
$5,652 a tonne, the lowest since Jan. 10.
* Copper is on course for a 3.7 percent weekly decline, the
largest such drop since late August.
* Shanghai Futures Exchange copper eased 0.8
percent to 46,430 yuan ($6,717.40) a tonne.
* LME copper stocks surged by 38,775 tonnes to 327,300
tonnes, latest data showed, bringing total inventories to the
highest since December and raising concerns about demand in
* Also easing concerns over supply, BHP Billiton,
may try to restart production at the world's No.1
copper mine Escondida in Chile using temporary workers once a
strike surpasses 30 days, the company told a local radio station
* Supporting the dollar, the number of Americans filing for
unemployment benefits last week rebounded from a near 44-year
low, but the labor market continues to tighten amid a sharp drop
in job cuts in February.
* The United States has launched a trade case accusing
Chinese aluminium foil producers of dumping product and damaging
its domestic industry, the first such case since the
inauguration of U.S. President Donald Trump.
* China will move forward with restructuring central
government enterprises this year, and focus on the steel, coal,
heavy equipment and coal-fired power sectors, the head of the
state asset regulator said on Thursday.
* China still has work to do in cleaning up its skies, with
poor enforcement of environmental laws and inadequate monitoring
in some places, the environment minister said on Thursday.
* In other metals, LME nickel was tracking towards a
7.9 percent weekly drop, the widest since May 2015, on concerns
that mine supply from the Philippines may pick up just as
Indonesia resumes exports.
* Philippine President Rodrigo Duterte could reappoint the
environment minister who ordered more than half the country's
mines shut down, as Congress appears set to defer a decision on
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* Asian stocks edged up and the dollar rose to 1-1/2-month
highs versus the yen on Friday ahead of the U.S. non-farm
payrolls report due later in the day.
0700 Germany Trade data Jan
0700 Germany Wholesale price index Feb
0745 France Industrial output Jan
0930 Britain Industrial output Jan
1330 U.S. Nonfarm payrolls Feb
1330 U.S. Unemployment rate Feb
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
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
($1 = 6.9119 Chinese yuan renminbi)
(Reporting by Melanie Burton; Editing by Richard Pullin)