SINGAPORE, March 22 (Reuters) – Base metal prices on the London Metal Exchange rose on Friday along with broader markets, buoyed after solid U.S. data helped calm worries over the outlook for the global economy.
Thursday’s U.S. economic data was upbeat as initial claims for jobless benefits fell more than expected and mid-Atlantic factory activity rebounded sharply.
* Three-month copper on the London Metal Exchange had edged up 0.2 percent to $6,435 a tonne by 0129 GMT, while aluminium climbed 0.3 percent.
* London nickel increased 0.1 percent and lead ticked up 0.3 percent amid low inventories in LME warehouses.
* Norsk Hydro, one of the world’s largest aluminium producers, said one of its key units is operating at only 50 percent of capacity following a cyber attack on the company this week.
* The most-traded copper contract on the Shanghai Futures Exchange fell 0.5 percent to 49,070 yuan ($7,322.46) a tonne, while aluminium lost 0.4 percent and nickel fell 2 percent.
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* Asian shares advanced after the U.S. economic data and optimism in the tech sector lifted Wall Street stocks.
0815 France Markit Mfg Flash PMI March
0830 Germany Markit Mfg Flash PMI March
0900 EU Markit Mfg Flash PMI March
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1030 Russia Central bank key rate March
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ECB President Mario Draghi participates in
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Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.7013 Chinese yuan renminbi)
Reporting by Mai Nguyen; Editing by Joseph Radford