The London Metal Exchange is attracting a growing crowd to its Asian gala dinner this year, with about 60 percent more attendees. The biggest metals bourse is finding it harder to replicate those gains in trading in the region.
Japan, the world’s largest pork importer, may accelerate tariff talks with Canada to increase pressure on the U.S. to ease demands for cuts in agricultural protection, the Asian nation’s biggest hog farmers group said.
Copper fell for the first time in four days after a private gauge of Chinese factory production signaled a fourth month of contraction, curbing demand prospects in the world’s biggest user of industrial metals.
Nickel concentrate imports by China, the largest user of the metal, reached the highest in 19 months as rising metal prices encouraged smelters to purchase the raw material from overseas to boost output.
Nickel extended gains after surpassing $18,000 a metric ton for the first time in more than a year as the threat of sanctions against Russia and Indonesia’s ore export ban continued to stoke supply concerns.