SINGAPORE, Oct 24 (Reuters) - Nickel prices rose on Thursday, following shut down of a nickel project in Papua New Guinea after a slurry spill.
Papua New Guinea has closed Metallurgical Corporation of China's Ramu nickel operations in the country for spilling slurry into a bay in August and "for not adhering to remedial measures".
Three-month nickel on the London Metal Exchange (LME) rose 0.4% to $16,660 a tonne by 0204 GMT, while the most-traded nickel contract on the Shanghai Futures Exchange (ShFE) advanced 2.4% to 131,800 yuan ($18,665.91) a tonne.
* NICKEL: The London Metal Exchange has asked members to report any unusual activity in nickel trading after prices lurched up and down in the wake of large transactions last week, sources familiar with the matter said.
* NPI: French miner and metals producer Eramet said on Wednesday its Weda Bay Nickel plant in Indonesia would start operation ahead of schedule in the first half of 2020, and it reiterated production targets for this year.
* PRICES: LME copper rose 0.1%, aluminium eased 0.1%, zinc rose 0.3% and lead fell 0.2%. ShFE copper rose 0.8%, aluminium advanced 0.4% while zinc eased 0.1% and lead fell 0.3%.
* COPPER: The copper market should see a deficit of 320,000 tonnes this year and a surplus of 281,000 tonnes in 2020, the International Copper Study Group said on Wednesday.
* CHILE: Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late on Wednesday to end a day-long walk-off amid a week of protests in Chile.
* LITHIUM: Australian lithium miner Galaxy Resources Ltd said on Thursday it will scale back operations at its Mt Cattlin mine, as the sector faces pressure from weak pricing and lower than expected demand from China.
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* Asian shares pulled ahead with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check.
0815 France Markit Mfg, Serv, Comp Flash PMIs Oct
0830 Germany Markit Mfg, Serv, Comp Flash PMIs Oct
0900 EU Markit Mfg, Serv, Comp Flash PMIs Oct
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1230 Germany ECB President Mario Draghi holds a press
conference after interest rate meeting.
Governing Council of the ECB holds monetary
1230 US Durable goods Sept
1230 US Initial Jobless Claims Weekly
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1400 US New Home Sales-Units Sept
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 = 7.0610 Chinese yuan) (Reporting by Mai Nguyen; Editing by Rashmi Aich)