SINGAPORE, Nov 23 (Reuters) - London copper was little changed on Friday after closing marginally higher in the last session with prices capped by trade tensions between Washington and Beijing.
China rejected fresh U.S. accusations of perpetuating “unfair” trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.
* Three-month copper on the London Metal Exchange unchanged at $6,255 a tonne 0135 GMT and the most-traded copper contract on the Shanghai Futures Exchange rose 0.5 percent to 49,760 yuan ($7,177.68) a tonne.
* Indonesia’s environment ministry aims to resolve within two weeks environmental issues that have been holding up the state’s plans to acquire a majority stake in Freeport McMoRan Inc’s Grasberg copper mine.
* LME zinc rose for a third consecutive session, underpinned by tightening supplies. Three-month zinc on LME added 0.5 percent to $2,594 a tonne and prices in Shanghai rose 0.7 percent to 21,240 yuan a tonne.
* At 123,500 tonnes, LME stocks have roughly halved since mid-August. MZNSTX-TOTAL
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* Asian shares barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing earnings and Brexit negotiations.
DATA/EVENTS 0700 Germany Detailed GDP Q3 0815 France Markit manufacturing PMI Nov 0830 Germany Markit manufacturing PMI Nov 0900 Euro zone Markit manufacturing PMI Nov 1445 U.S. Markit manufacturing PMI Nov
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
ARBS ($1 = 6.9326 Chinese yuan)
Reporting by Naveen Thukral; Editing by Amrutha Gayathri