BEIJING, Oct 22 (Reuters) - London copper prices rose for a
second session in early Asian trade on Monday, extending a rally
fuelled by a pledge from China's central bank that it would
support firms with liquidity problems. FUNDAMENTALS:
* LME COPPER: Three-month copper on the London Metal
Exchange edged up 0.3 percent to $6,236.50 a tonne as of
0210 GMT, extending a 1 percent jump from the previous session.
* SHFE COPPER: The most-traded December copper contract on
the Shanghai Futures Exchange climbed by 0.8 percent to
50,390 yuan ($7,270) a tonne.
* OTHER METALS: Nickel was the biggest gainer, tracking
gains in China's ferrous complex to rise 1.7 percent in London
and 1.9 percent in Shanghai. Zinc slipped by as
much as 1.8 percent in Shanghai after the ShFE on
Friday reported a 23.3 percent jump in zinc inventories.
* NICKEL: The bulk of nickel moving out of London Metal
Exchange-approved warehouses in Asia is showing up in hidden
facilities in Europe, analysts said, denting a bullish scenario
of potential shortages.
* HKEX: A Shenzhen-based commodity exchange controlled by
Hong Kong Exchanges and Clearing unexpectedly began
spot trading on Friday, giving the HKEX much-coveted access to
mainland China's market.
* LITHIUM: Canada's Nutrien, whose attempt to sell its stake
in Chilean lithium miner SQM to China's Tianqi Lithium has been
stalled by a row about competitive risks, vowed to "protect its
interests" in an interview with a Chilean newspaper published on
Sunday.
