London Copper Drifts On Lack Of Progress In Us Debt Talks

London Mayor Cites ‘Harry Potter’ in Talking Up China-U.K. Relationship

However, copper imports by China, the world’s top consumer of the metal, reversed a fall in August to jump 18 percent in September. “Lower China exports were not surprising given what we know is happening in the world,” said analyst Joel Crane of Morgan Stanley in Melbourne. “Going forward, it does feel like the copper restocking cycle is maturing. I’d expect imports to ease in October because of the holiday but even with fairly weak external demand I don’t think they’re going to drop off a cliff, especially because regional inventory is low,” he added. Morgan Stanley sees copper trading at an average of $7,165 a tonne in the fourth quarter, in part due to lower available supply. Three-month copper on the London Metal Exchange inched down 0.2 percent to $7,185.75 a tonne as of 0322 GMT, paring early losses of around 0.7 percent. Copper prices closed last week down nearly 1 percent, the biggest weekly loss since mid-September. The most traded January copper contract on the Shanghai Futures Exchange also cut early losses to trade up 0.2 percent at 51,800 yuan ($8,500). In the United States, Senate negotiations to bring the fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that the US federal government shutdown was about to end or that an historic default would be avoided. Oz Minerals cut its 2013 copper production target for the second time this year due to mine repair work, trimming its 2013 forecast by around 12,000 tonnes to between 70,000 and 75,000 tonnes of copper contained in concentrate. The International Copper Study Group (ICSG) said last month that the global copper market in June showed a 132,000 tonne deficit, helped by demand from China, which reached its highest monthly level in 1-1/2 years. At last week’s industry LME week in London, the focus in nickel was on a looming export ban by Indonesia of laterite ore that would ultimately raise costs for Chinese producers by around $3,000 a tonne from $12,500 currently, supporting LME prices, Barclays said in a note.

Relationship 6:55 AM PDT 10/14/2013 by Patrick Brzeski 3 Getty London Mayor Boris Johnson in China Boris Johnson, currently on a trade mission to Beijing, said Harry Potters romantic interest in Asian character Cho Chang is indicative of the bright future the two countries share. London MayorBoris Johnsonleveraged one of his countrys most recognizable cultural exports during his week-long trade mission to China on Monday but the voluble mayor seemed to conflate fiction with reality somewhat in the process. our editor recommends London Mayor Talks up U.K. Film Industry Before Festival Screening During a joint appearance with U.K. Chancellor George Osborne at Beijings most elite educational institution, Peking University, Johnson went on a brief rant about Harry Potter, and how the young wizards romantic interest in the character Cho Chang, an Asian foreign exchange student, is indicative of the growing diplomatic ties between the U.K. and China (Johnson asserted that Chang is Chinese, although most Harry Potter bios simply say she is “of Asian descent”). PHOTOS: Inside Hollywood’s Surprise Trip to ‘China’s Oscars’ The mayor and the chancellors visit to China is intended, in part, as an exercise in bolstering goodwill between the two countries, after the interchange went icy when David Cameron angered the Chinese government last year by meeting with exiled Tibetan spiritual leader, the Dalai Lama. Johnson is a recognizable and well-liked figure in China. Hes remembered for his appearance at the Beijing Olympics in 2008, where he accepted the Olympic flag from the Chinese during the closing ceremony where his blond bowl cut first caught the attention of the Chinese audience. STORY:Eddie Izzard Confirms Plan to Run for London Mayor in 2020 His remarks to the students of Peking University, regarding Harry Potter and the series import regarding future U.K.-China relations, are below: And if you want one final proof of how fast the world is changing, the cultural interpenetration between Britain and China, let me ask you a question, brilliant students of Peking University. Who in English literature is the most famous student? Who is the most famous student in contemporary British writing, would you say?

UVa coach London doesn’t regret FG try

Turn captions on Doug Doughty | 981-3129 Sunday, October 13, 2013 Given 24 hours to reconsider Virginias late-game strategy Saturday at Maryland, coach Mike London wasnt inclined to second-guess himself. The Terrapins held off the Cavaliers 27-26 when Alec Vozenileks field goal attempt went wide right from 42 yards, his longest attempt in two games as Virginias place-kicker. Hes done it in practice a number of times, London said Sunday night. When you also consider the matter of ball security, Id do it again. After reaching the Maryland 25-yard line, UVa ran the ball twice, the second time with quarterback David Watford sliding to the ground at a spot that gave Vozenilek the best angle. Vozenilek already had kicked four field goals and was 6 for 6 in two games since taking over for injured Ian Frye, the Cavaliers regular place-kicker. Frye has a hip flexor injury and wont resume place-kicking duties till he can demonstrate that he can generate power from his hip, London said. Vozenilek, also the Cavaliers punter, has been attempting field goals and extra points. Redshirt freshman Dylan Sims from Jefferson Forest has assumed Fryes kickoff duties. London did not have an update on cornerback Demetrious Nicholson, who missed the Maryland game with a lower leg injury, and defensive tackle Brent Urban, who suffered an ankle injury early in the second quarter. Any time you have a guy whos started 30 college games, his absence is noticeable, said London, referring to Nicholsons unavailability and its effect on a UVa secondary that was beaten on multiple deep balls. The Cavaliers had 505 yards in total offense, including 297 yards by sophomore quarterback David Watford.