Copper advanced in London, poised for a weekly gain, on expectation a planned ban on all ore exports from Indonesia will curb supplies. Nickel and aluminum rose and tin reached the highest in more than five weeks.
OAO GMK Norilsk Nickel, the world’s largest nickel producer, advanced the most in more than a month after Indonesia said it will ban nickel-ore exports in 2014, signaling the price of the metal may rise.
Russian stocks climbed for the first time in five days as a technical indicator signaled declines may be close to overdone. OAO Dixy Group, the nation’s third-largest food retailer, rose after earnings beat estimates.
The Jakarta Futures Exchange plans to start a physical thermal coal contract next year to create an alternative benchmark price in Indonesia, the world’s largest exporter of the fuel for power-stations.