BEIJING, Jan 22 (Reuters) - London copper prices edged down
on Tuesday, extending a sharp drop from the previous session
after economic growth in top metals consumer China slowed to its
weakest in 28 years.
FUNDAMENTALS
* LME COPPER: Three-month copper on the London Metal
Exchange was down 0.2 percent at $5,971 a tonne by 0207
GMT, after ending down 1.2 percent in the previous session.
* SHFE COPPER: The most-traded March copper contract on the
Shanghai Futures Exchange fell by 0.8 percent to 47,590
yuan ($7,003.58) a tonne, snapping four straight days of gains.
* COPPER: The global world refined copper market showed a
15,000-tonne deficit in October, compared with a 161,000-tonne
deficit in September, the International Copper Study Group
(ICSG) said in its latest monthly bulletin.
* ZAMBIA: Barrick Gold Corp said on Monday that it
was considering all options for the Lumwana copper mine in
Zambia as the African nation's proposed new mining taxes would
make it challenging to generate adequate returns for all its
stakeholders.
* WAREHOUSING: Years after sweeping reform aimed at
eliminating logjams in warehouses that collect rent for storing
metal, a firm is preventing companies from getting material when
they need it from a Malaysian port, five sources close to the
matter said.
* ZINC: The global zinc market deficit widened to 96,600
tonnes last November from a revised deficit of 52,000 tonnes in
October, data from the International Lead and Zinc Study Group
(ILZSG) showed on Monday.
