SINGAPORE, April 5 (Reuters) – London industrial metals rose on Friday, supported by news that the United States and China are edging closer to a trade deal after months of dispute.
U.S. President Donald Trump said on Thursday a trade deal with China could be reached in about four weeks, but he issued a warning to Beijing that, absent a pact, it would be difficult to allow trade to continue.
* Three-month copper on the London Metal Exchange edged up 0.2 percent to $6,461 a tonne by 0129 GMT, while aluminium rose 0.53 percent and zinc was up 0.8 percent. Volume was low as China is closed for a public holiday.
* In Indonesia, a mudslide at Freeport-McMoran’s Grasberg mine, the world’s second-largest copper mine, injured two workers while two others were missing on Wednesday.
* Concerns over copper supply disruption increased as a Peruvian judge on Wednesday ordered jail time for lawyers representing indigenous villagers who have blockaded shipments from Las Bambas copper mine operated by Chinese miner MMG Ltd .
* The Shanghai Futures Exchange is closed on Friday for the Tomb Sweeping Day holiday and will reopen on Monday.
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* The dollar rose to a three-week high versus the yen, lifted by expectations that a protracted trade dispute between the United States and China would be resolved soon.
0600 Germany Industrial Output MM Feb
0730 UK Halifax House Prices MM March
1230 US Non-Farm Payrolls March
1230 US Unemployment Rate March
1230 US Average Earnings YY March
1230 France Reserve Assents Total March
1900 Federal Reserve issues Consumer Instalment
Credit for February
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
Reporting by Mai Nguyen; Editing by Subhranshu Sahu