SYDNEY Feb 24 London copper prices found modest
support on Friday after a big fall overnight amid fresh doubts
over Chinese demand and some upward movement in the U.S. dollar.
But traders said worries persisted about consumption levels
in China after the country's housing minister on Thursday
suggested moves were afoot to stabilise the property
* Three-month copper on the London Metal Exchange
was up $7, or 0.1 percent, at $5,866 a tonne by 0105 GMT after
falling 3 percent in the previous session.
* The most-traded copper contract on the Shanghai Futures
Exchange was down 2.4 percent to 47,410 yuan ($6,909) a
tonne. The contract dipped by as much as 2.9 percent at the
* The London Metal Exchange has reached a 50:50
revenue-sharing deal with a company founded by a group of banks
to promote trade in its new gold futures contracts, sources
said, aiming to overcome market scepticism surrounding their
launch in June.
* The Philippines' environment minister on Thursday said
President Rodrigo Duterte had backed her decision to ban mining
in watershed areas at a meeting earlier this week, winning his
support once more for her crackdown on the sector.
* Kaz Minerals, a copper company focused on large
scale, low-cost open pit mining in Kazakhstan, said on Thursday
its earnings had surged as it brought new output online against
a wider backdrop of tightening supply that has boosted prices.
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* Asian shares took a breather on Friday, hovering just
below 1-1/2-year highs as investors braced for a potentially
wobbly session after U.S. President Donald Trump called China
"grand champions" of currency manipulation.
* The dollar clawed back some ground on Friday after
skidding to a two-week low against the yen, but was still on
track for weekly losses after the Federal Reserve meeting
minutes disappointed dollar bulls.
0745 France Consumer confidence Feb
1500 U.S. New home sales Jan
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 = 6.8622 Chinese yuan renminbi)
(Reporting by James Regan; Editing by Richard Pullin)