Feb 2 (Reuters) - Copper prices in London rose on
Thursday, as a weaker dollar made greenback-priced metals
cheaper to holders of other currencies.
Three-month copper on the London Metal Exchange rose
1.1% to $9,187 a tonne by 0231 GMT, while the most-traded March
copper contract on the Shanghai Futures Exchange dipped
0.5% to 69,200 yuan ($10,302.68) a tonne.
The dollar tumbled after the U.S. Federal Reserve said it
had turned a corner in the fight against inflation, giving
markets a confidence boost that the end of its rate-hike
campaign is near.
Supply disruption at MMG Ltd's Las Bambas copper
mine in also Peru lent prices some support.
LME aluminium rose 0.4% to $2,643 a tonne, lead advanced 1.2% to $2,164 a tonne, tin increased
2.3% to $29,640 a tonne and zinc was up 0.6% at $3,371 a
tonne.
SHFE aluminium edged up 0.2% to 19,135 yuan a
tonne, lead advanced 0.8% to 15,295 yuan a tonne, while
nickel dropped 1% to 221,790 yuan a tonne and zinc shed 0.4% to 24,225 yuan a tonne.
For the top stories in metals and other news, click or DATA/EVENTS (GMT)
1200 UK BOE Bank Rate Jan
1315 EU ECB Refinancing Rate Feb
1315 EU ECB Deposit Rate Feb
1339 US Initial Jobless Clm Weekly
1500 US Factory Orders MM Dec
1345 European Central Bank President Christine
Lagarde speaks to reporters in Frankfurt
following the Governing Council's monetary
policy meeting
($1 = 6.7167 Chinese yuan renminbi)
(Reporting by Mai Nguyen in Hanoi; Editing by Nivedita
Bhattacharjee)
mai.nguyen.thomsonreuters.com@reuters.net))
LME price overview COMEX copper futures All metals news All commodities news Foreign exchange rates SPEED GUIDES ))
