METALS-London copper little changed ahead of US-China trade talks

By Hongmei Li

June 9 (Reuters) - London copper prices were largely unchanged on Monday, with the market keeping an eye on the U.S.-China trade talks to be held in London later in the day.

The U.S. dollar held steady against all major currencies on Monday, as exuberance over an upbeat U.S. employment report gave way to caution ahead of the talks between the world's largest economies.

On Monday, three of U.S. President Donald Trump's top aides will meet with their Chinese counterparts in London to resolve a trade dispute that has kept global markets on edge.

The three-month copper contract on the LME CMCU3 traded up $2 at $9,695 per metric ton by 0108 GMT. The most-traded copper contract on the Shanghai Futures Exchange SCFcv1, ticked down 0.2% to 78,630 yuan a ton ($10,939.67).

As for demand, though, Yangshan copper premium SMM-CUYP-CN, a gauge of China's appetite to import copper, fell to $41 a ton last Friday, a three-month low. It peaked to $103 in early May, the highest since mid-December 2023.

Among other London metals, LME aluminium CMAL3 rose 0.2% to $2,456.5 a ton, lead CMPB3 gained 0.2% to $1,982, and zinc CMZN3 rose 0.2% to $2,670.

Among other SHFE metals, nickel SNIcv1 was up 0.3% to 122,460 yuan, and lead SPBcv1 gained 0.3% to 16,730 yuan, while zinc SZNcv1 fell 0.3% to 22,250 yuan.

For top stories in metals and other news, click

TOP/MTL or MET/L

($1 = 7.1876 Chinese yuan)

 For related news and prices, click on the codes in brackets: LME price overview      RING= COMEX copper futures  0#HG: All metals news         MTL   All commodities news      C 
 Foreign exchange rates FX=SPEED GUIDES LME/INDEX