BEIJING, June 12 (Reuters) - Shanghai copper slid for the
first time in eight days on Tuesday, while London copper
continued to lose ground as the dollar strengthened and BHP
responded to a proposal from unionised workers at its Escondida
copper mine in Chile.
A stronger greenback makes dollar-denominated metals more
expensive for holders of other currencies and can weigh on
prices.
FUNDAMENTALS
* SHFE COPPER: The most-traded August copper contract on the
Shanghai Futures Exchange fell as much as 1 percent to
53,730 yuan ($8,386) a tonne and was trading down 0.8 percent at
0144 GMT.
* LME COPPER: Three-month copper on the London Metal
Exchange slipped as much as 0.8 percent to $7,196 a
tonne. It was trading lower for a third day after hitting a
4-1/2-year high of $7,348 on Thursday.
* ESCONDIDA: Global miner BHP, said on
Monday it had responded to the latest contract proposal from
unionized workers at its Escondida copper mine in Chile, the
world's largest, triggering a new round of talks that could last
a month or more.
* USD: The dollar edged up to a three-week high against the
yen on Tuesday, elevated by hopes that the closely watched
U.S.-North Korea summit can pave the way towards a reduction in
tensions between the two old foes. {nL4N1TE08C]
* CANADA: The Canadian province of Quebec will offer C$100
million ($77 million) in loans and guarantees on loans to steel
and aluminium companies hit by recent U.S. tariffs, the
province's economy minister said on Monday.
* VALE: Brazil's Vale on Monday unveiled a $690
million financing to expand a Canadian nickel mine, agreeing to
sell unmined cobalt from Voisey's Bay as a booming electric
vehicle market propels demand for the critical battery
ingredient.
