SYDNEY, April 25 Copper eased in Asia on
Tuesday, coming under pressure from investors looking to book
gains after a surprise overnight lift in the London contract
following a market-friedly French presidential vote.
"Copper gained some steam on the back of the French
election, but that hasn't held up in Asia," said a Perth-based
Copper rose on Monday as centrist candidate Emmanuel
Macron's strong performance in the first round of the French
presidential election boosted appetite for cyclical assets,
sending stock markets sharply higher.
* COPPER: Three-month copper on the London Metal Exchange
edged down 0.1 percent to $5,650.5 a tonne by 0158 GMT.
* SHANGHAI: The most-traded copper contract on the Shanghai
Futures Exchange slipped 0.04 percent to 45,740 yuan
* ANGLO AMERICAN: Mining company Anglo American
reported a 9 percent rise in overall production for the first
quarter of 2017 compared with 2016, but copper output fell 3
percent because of poorer grades and a temporary suspension at
the El Soldado mine in Chile.
* PERU STRIKE: Workers at mining company Southern Copper
Corp in Peru have reached a deal with management
to end a two-week strike, a union official and a company
spokesman told Reuters on Monday.
* OTHER ShFE METALS: Tin was steady at 137,700
yuan, while lead was little changed at 15,905 yuan.
ShFE zinc slipped 0.6 percent to 21,395 yuan. ShFE
aluminium dropped 0.2 percent to 14,290 yuan a tonne.
* LME DELAY: The launch of the London Metal Exchange's new
precious metals contracts will be delayed until July 10, more
than a month later than previously announced, it said on Monday.
* MARKETS: Asian equities were steady on Tuesday and the
euro retained gains as markets' euphoria over a centrist victory
in the first round of the French presidential election subsided,
though near-term investor sentiment remains positive
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1400 U.S. Richmond Fed composite index Apr
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
($1 = 6.8840 Chinese yuan renminbi)
(Reporting by James Regan; Editing by Richard Pullin)