Powell's remarks also pushed the dollar to a three-month month high against a basket of currencies on Wednesday, making it less attractive for non-dollar holders to buy the greenback-priced commodity.
The most-traded April copper contract on the Shanghai Futures Exchange lost 1% to 68,900 yuan ($9,898.71) a tonne. Demand for copper, a metal widely used in power, construction and transportation sectors, is expected to pick up amid a recovery in manufacturing activities in China.
Sales of new and second-hand commercial housing in China ended 13 months of falls in January and February, the minister of housing said on Tuesday on the sidelines of an annual meeting of parliament. LME aluminium added 0.2% to $2,353.50 a tonne and zinc added 0.3% to $2,962, while tin shed 0.5% to $24,055 and lead eased 0.1% to $2,084.50. SHFE zinc dipped 0.3% to 23,370 yuan, tin was down 0.2% at 199,110 yuan and aluminium slid 0.6% to 18,520 yuan, while nickel climbed 0.1% up to 189,720 yuan a tonne For the top stories in metals and other news, click or ($1 = 6.9605 Chinese yuan) (Reporting by Siyi Liu and Dominique Patton; Editing by Janane Venkatraman)
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