Feb 14 (Reuters) - Copper prices edged higher on
Tuesday, as a weaker U.S. dollar made greenback-denominated
metals more attractive to holders of other currencies.
Three-month copper on the London Metal Exchange rose
0.2% to $8,955 a tonne by 0300 GMT, while the most-traded March
copper contract on the Shanghai Futures Exchange gained
0.7% to 68,630 yuan ($10,072.95) a tonne.
The dollar eased as investors braced for U.S. inflation data
due later in the day, amid tentative signs that inflation there
is cooling.
Freeport-McMoRan Inc cut its first-quarter copper
sales forecast after heavy rains and landslides shut operations
at its Grasberg mine in Indonesia over the weekend, with the
mine not expected to be back online until the end of the month.
LME aluminium advanced 0.8% to $2,431.50 a tonne and
lead increased 0.6% to $2,108.50 a tonne, while tin fell 1.2% to $27,200 a tonne.
SHFE aluminium edged up 0.1% to 18,545 yuan a
tonne, zinc advanced 0.7% to 23,165 yuan a tonne and
lead increased 0.2% to 15,270 yuan a tonne, while tin fell 0.7% to 215,540 yuan a tonne and nickel dropped 2.1% to 207,140 yuan a tonne.
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($1 = 6.8133 yuan)
(Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)
mai.nguyen.thomsonreuters.com@reuters.net))
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