MELBOURNE, Oct 8 (Reuters) - London aluminium prices fell more than 2 percent on Monday after a Brazilian court approved emergency waste measures that could allow the world’s biggest alumina refinery to resume production.
* ALUMINIUM: London Metal Exchange aluminium fell for a third session, dropping 2.2 percent to its weakest in four sessions at $2,083.50 a tonne. Prices on Thursday reached $2,267 a tonne, the highest since June.
* ALUNORTE: Norsk Hydro has been granted a permit in Brazil to use new technology to extend the life of a disposal area for its troubled Alunorte alumina refinery, the world’s largest, which should lead to the restart of 50 percent of production, the firm said on Saturday.
* ALUMINA: Higher alumina prices have helped to lift aluminium prices. Alumina prices surged to $620 from $459 the week before on expectations Alunorte would be wound down until some time next year, cutting market supply.
* CHINA: China’s central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
* LME copper prices drifted up 0.3 percent to $6,194 a tonne.
* The Shanghai Futures Exchange reopened after a week-long holiday. SHFE zinc rallied by 3 percent.
* Trade is expected to be lighter and more volatile this week with much of the metals and mining industry in London for the sector’s biggest week of meetings, LME week.
* For the top stories in metals and other news, click or
* World stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signalled a continued tightening of the labour market and increased inflation pressures, while Treasury yields rose again to multi-year highs.
0145 China Caixin services PMI Sep
0600 Germany Industrial output Aug
0830 Euro zone Sentix index Oct
1400 U.S. Employment trends Sep
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
Reporting by Melanie Burton Editing by Joseph Radford