It rose 0.2% in the previous session as a liquidity
injection by China's central bank bolstered views of sustained
support for the Chinese economy.
The most-traded June copper contract on the Shanghai Futures
Exchange was up 0.1% at 64,910 yuan ($9,390.78) a
tonne.
Data on Tuesday showed China's industrial output grew 5.6%
in April from a year earlier, marking the quickest growth since
September but well below the 10.9% increase estimated in a
Reuters poll of analysts.
Retail sales jumped 18.4%, accelerating from a 10.6%
increase in March, the fastest since March 2021. Still, the
sales jump was slower than the 21% growth that analysts had
forecast.
Funds are turning increasingly bearish on copper as China's
manufacturing recovery falls short of expectations and growth
slows in the rest of the world, Reuters columnist Andy Home
said.
LME aluminium gained 0.1% to $2,262.50 a tonne,
nickel climbed 0.4% to $21,705, zinc added 0.4%
to $2,541.50, tin rose 0.5% to $25,125, while lead edged up 0.1% to $2,074.
SHFE aluminium rose 0.8% to 18,185 yuan a tonne,
zinc dipped 0.5% to 20,825 yuan, tin climbed
0.5% to 200,500 yuan, nickel dipped 2.5% to 166,550
yuan, while lead was nearly flat at 15,205 yuan.
China's April aluminium output fell 1.2% from March, data
showed on Tuesday, as power curbs in the southwest limited the
production of the metal.
For the top stories in metals and other news, click or ($1 = 6.9121 Chinese yuan)
(Reporting by Enrico Dela Cruz in Manila; Editing by Dhanya Ann
Thoppil)
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