Melbourne
London copper traded flat on Tuesday, as a stronger dollar capped gains after comments by a Federal Reserve official that boosted confidence in another U.S. interest rate rise this year.
London nickel found support after an Indonesian nickel smelting official said that 13 Indonesian smelters would halt operations after prices fell below their cost of production.
London Metal Exchange copper traded flat at $5,726 a tonne by 0555 GMT, following a 1 percent gain in the previous session.
Prices have found support around $5,645 a tonne and a ceiling around $5,800 a tonne. Shanghai Futures Exchange copper was up 0.8 percent at 45,950 yuan ($6,734) a tonne.
The dollar reached a more than three-week high versus the yen on Tuesday, after an influential Federal Reserve official said U.S. inflation should rise alongside wages, reinforcing expectations for the Fed to keep raising interest rates.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards
