China Tightens Curbs on Exports of Materials With -2-

0354 GMT - China's auto export volume growth may slow next year amid geopolitical uncertainties in Europe and Russia, Daiwa analysts write in a note. Russia has been charging recycling fees on imported cars since October. Chinese automakers may also face more intense competition if more players return to the Russian market once the Russia-Ukraine tensions ease, they say. Chinese automakers also face increased tariffs from Europe, they add. Daiwa forecasts China's export volume to rise to 5.8 million units in 2025.([e-mail]; @ivy_jiahuihuang)

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Iron Ore Rises Amid Positive Sentiment -- Market Talk

0241 GMT - Iron ore rises in early Asian trading. The metal has continued its upward trend from last week, with prices rebounding quickly from a recent bottom to a near-term high, Galaxy Futures analysts say in commentary. Markets are being supported by more positive macro expectations for China, as well as improvements in iron ore's supply-demand fundamentals, the analysts say. The most-traded iron-ore contract on the Dalian Commodity Exchange is 0.7% higher at CNY807.0/ton. ([e-mail])

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China Coal Imports Unlikely to Have Reached Peak -- Market Talk

0128 GMT - China's thermal-coal imports are up 80% over the past two years and appear poised to rise further, according to Morgan Stanley analysts. They reckon new coal contract guidelines from 2025, which relax minimum captive-sourcing requirements and improve links to international prices, will make it easier for foreign coal to compete with domestic sources. The "changes reflect a further shift towards market pricing in the domestic coal industry and expand the scope for sea-borne coal sources to compete into China, in our view," the MS analysts say.([e-mail]; @RhiannonHoyle)

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Copper Rises, Aided by Prospects of China's Fiscal Stimulus -- Market Talk

0128 GMT - Copper rises in the morning Asian session, aided by prospects of China's fiscal stimulus. China's government skipped the Politburo readout for its regular November meeting, Sucden Financial's Daria Efanova says in commentary. This is leading market participants to speculate that stimulus support could be on its way, the head of research says. Market sentiment seems to be moderately positive after China's manufacturing performance improved for a second straight month, Efanova adds. The three-month LME copper contract is 0.4% higher at $9,026.00/ton. ([e-mail])

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(END) Dow Jones Newswires

12-03-24 0942ET