BEIJING, June 28 (Reuters) - Shanghai base metals prices
rose for a second session on Thursday, continuing their recovery
from a sell-off triggered by trade war tensions between China
and the United States, even as Asian equities continued to be
affected.
FUNDAMENTALS
* SHFE COPPER: The most-traded August copper contract on the
Shanghai Futures Exchange was up 0.3 percent at 51,730
yuan ($7,819.40) a tonne, as of 0205 GMT.
* LME COPPER: Three-month copper on the London Metal
Exchange was flat at $6,692 a tonne, after closing down
0.3 percent in the previous session.
* OTHER METALS: Shanghai lead was the biggest
gainer in the base metals complex, rising as much as 2.7 percent
as it traded higher for a fourth day, while zinc nudged
up 1.7 percent and nickel added 1.3 percent.
* ZINC: Australia's New Century Resources is on
track to turn a giant tailings dam into the world's
fifth-biggest source of zinc as it defies doubters to make its
first shipment in August, said Patrick Walta, the mineral
processor's managing director.
* CHINA: Profits at China's industrial firms rose sharply in
May, maintaining the previous month's sizzling pace despite
signs of slowing momentum in the world's second-largest economy
and an intensifying trade spat with the United States.
* NORILSK: Russian tycoon Oleg Deripaska got a boost on
Wednesday in a long-running battle for control of Norilsk Nickel
when a high court judge ruled fellow investor Roman Abramovich
did not have t
