SHFE Base Metals Warrants (2017-9-28)

Chile's mining regulator, the National Geology and Mining Service (SERNAGEOMIN), said state-owned miner Codelco partially suspended operations at its El Teniente mine on Sunday after a landslide killed two workers and left one survivor.In a post on social media platform X, SERNAGEOMIN said three workers from contractor Aura Ingenieria SA at the Teniente mine were inspecting the southern pit area around 1700 GMT when they were caught in a landslide. One worker was rescued, and the other two trapped workers were later found dead.

Data released by Chile’s customs showed that Chile’s copper exports in September were 144,147 mt, with 14,405 mt shipped to China that month. Chile’s copper ore and concentrate exports in September were 925,599 mt, with 580,781 mt of copper ore and concentrates shipped to China that month.

Waller said at the Bloomberg New Economy Forum in New Delhi that rising yields are doing "some of the work" to restrain demand, though this is not a result the US Fed actively pursued. He noted that higher long-end rates affect interest-rate-sensitive sectors such as housing and autos. Bond yields in the US and other major developed economies have climbed to multi-decade highs. Since mid-September, the cumulative implied rate hikes in swap contracts across eight major economies have fallen by nearly 200 basis points, and market expectations for further hikes have cooled markedly.