BEIJING, June 7 (Reuters) - Copper rose more than 2 percent
in Shanghai on Thursday to a fresh 3-month top, while the metal
came within striking distance of its 2018 high in London as
concerns over supply disruption in Chile and a weaker dollar
index lent support to prices.
A weaker greenback makes dollar-denominated metals cheaper
for holders of other currencies.
FUNDAMENTALS
* SHFE COPPER: The most-traded July copper contract on the
Shanghai Futures Exchange gained as much as 2.1 percent
to 53,870 yuan ($8,435) a tonne, its highest since Feb. 27.
* LME COPPER: Three-month copper on the London Metal
Exchange climbed as much as 0.6 percent to $7,261 a
tonne, just shy of the 2018 high of $7,285 seen in January and
stood at $7,247.50 at 0134 GMT. It closed up 1.7 percent in the
previous session.
* ALUMINIUM: Shanghai aluminium prices rose by as
much as 1.5 percent to 14,950 yuan a tonne, its highest since
April 23. London aluminium was down by around half a
percent.
* LME CONTRACTS: The London Metal Exchange (LME) plans to
launch around 15 new contracts next January, including
cash-settled cobalt and hot-rolled coil steel contracts, an
executive said on Wednesday.
* SCOTIA: Canada's Bank of Nova Scotia (Scotiabank)
is limiting lending by its ScotiaMocatta metals unit as it
embarks on a radical restructuring likely to halve the size of
the business, sources familiar with the matter said.
* CHILE: Chile's finance minister on Wednesday described as
"imprudent" the appointment by lithium miner SQM of its
former Chairman Julio Ponce as a strategic adviser, in light of
an agreement with the state that he distance himself from the
firm.
