By James Regan
SYDNEY May 11 Shanghai copper traded lower on
Thursday as investors turned to equities and oil, where a
U.S.-led rally was spilling into Asian markets.
* Three-month London Metal Exchange copper managed
to find some support, trading 1.1 percent higher at $5,562 a
tonne by 0741 GMT, reversing losses from the previous session.
But the contract remained close to the four-month lows hit
earlier this week as the market fretted about weak demand from
China after data showed falling imports.
* The most-traded copper contract on the Shanghai Futures
Exchange slipped 0.71 percent to 45,270 yuan ($6,558) a
SHANGHAI: ShFE aluminium, zinc, lead
, nickel and tin ended higher after
trading lower at the start of trade.
COPPER WALKOUT: Workers at BHP Billiton's,
Cerro Colorado copper mine in Chile will strike for 24 hours in
the coming weeks to protest recent layoffs and the company's
general attitude toward miners.
* GREEN ALUMINIUM: Aluminium is one of the materials
benefiting from the greening of the world's economy. Lightweight
and durable, it has been making steady inroads into the
transportation sector in particular and enjoys one of the
strongest usage profiles of any industrial metal.
STOCK MARKETS: Asian stocks rose on Thursday, getting a lift
from a record high close on MSCI's global stocks benchmark as
strong gains in oil prices buoyed energy shares.
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 = 6.9011 Chinese yuan)
($1 = 6.9034 Chinese yuan renminbi)
(Reporting by James Regan; Editing by Amrutha Gayathri)