SINGAPORE, May 27 (Reuters) - Industrial metals on the Shanghai Futures Exchange rose on Monday, after Chinese premier Li Keqiang said China would look to rein in taxes to support the economy.
Li said on Friday that China aimed to keep value-added taxes for the manufacturing industry at low levels and encourage companies to innovate, as rising external challenges may still destabilise the Chinese economy.
* The most-traded copper contract on the Shanghai Futures Exchange rose 0.5% to 47,110 yuan ($6,838) a tonne at 0213 GMT, while nickel rose 2.9% and aluminium advanced 1%.
* Unionized workers at top copper miner Codelco's Chuquicamata mine voted on Saturday to reject the state miner´s final contract offer, paving the way for a vote to strike early next week, union leaders said in a statement.
* Profits earned by China's industrial companies contracted in April after a sharp rebound in the previous month, adding to concerns about the already slowing economy in the wake of a recent escalation in Sino-U.S. trade tensions.
* China's automobile sales will reach around 28.1 million units this year, unchanged from 2018 levels, state news agency Xinhua reported on Sunday.
* The London Metal Exchange is closed on Monday.
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* Asia stocks edged up and the euro was confined to a narrow range after the weekend's European Parliament elections highlighted the deepening political fragmentation of the 28-country bloc.
0300 Bank of Japan Governor Haruhiko Kuroda
delivers a speech at T20 Summit in Tokyo
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 = 6.8894 Chinese yuan renminbi)
Reporting by Mai Nguyen; editing by Richard Pullin