BASE METALS HIGHLIGHTS: Top Stories Of The Day

MOSCOW (Dow Jones)--Russian aluminum giant United Company Rusal plans to cut its production costs to $1,000 per metric ton from the current $1,300/ton by the fourth quarter, the company's director of strategy Artem Volynets said Tuesday. SYDNEY (Dow Jones)--Pan Pacific Copper Co. Ltd., Japan's largest copper smelter, Tuesday said exports to China have been strong since the start of the year, and it may export as much of half of its annual output during the current financial year. BEIJING (Dow Jones)--Guangxi Laibin Yinhai Aluminum Co., a subsidiary of Guangxi Investment Group Co., plans to produce an additional 250,000 metric tons of aluminum this year, a company spokesman said Tuesday. LONDON (Dow Jones)--Base metals on the London Metal Exchange traded higher in Europe Tuesday, spurred by higher equities and U.S. dollar weakness. SHANGHAI (Dow Jones)--Copper futures on the Shanghai Futures Exchange settled sharply higher on technical buying Tuesday, tracking a rise in London Metal Exchange copper during Asian hours, boosted by strong regional equities markets. -By Alexander Teddy, Dow Jones Newswires; 4420-7842-9273; alexander.teddy@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=oifAZwvSN%2BITZvWnO%2B3GJQ%3D%3D. You can use this link on the day this article is published and the following day.