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METALS-Copper edges higher on weaker dollar, lower stocks
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METALS-Copper edges higher on weaker dollar, lower stocks
Sep 8, 2025 3:28 AM

(Adds analyst comment and dateline, updates prices)

By Polina Devitt

LONDON, Sept 8 (Reuters) - Copper prices inched up on

Monday, supported by a weaker dollar, outflows from the

warehouses registered with the London Metal Exchange and hopes

of a stronger import demand in China this month.

Benchmark copper on the LME added 0.1% to $9,902.50

a metric ton at 0947 GMT.

Import appetite in top consumer China also underpinned the

market, with the Yangshan copper premium up 1.8%

to $58 a ton, its three-month high.

China's yuan hit a one-week high against the U.S. currency,

making dollar-priced metals more attractive for the Chinese

buyers.

Chinese imports of unwrought copper in August fell from the

July to 425,000 tons but rose from a year ago, while imports of

copper concentrates climbed to 2.76 million tons, a four-month

high.

"Lower treatment charges failed to curtail China's appetite

for copper concentrate," analysts at ANZ said in a note.

"Favourable import parity and prospects of weaker domestic

production should keep refined copper imports strong in

September."

China's overall exports growth slowed to a six-month low in

August, while imports grew 1.3%, following 4.1% growth a month

earlier.

LME-registered copper stocks stood at 155,825

tons, with outflows of 2,125 tons across several locations and

fresh cancellations of 8,500 tons in South Korea, LME daily data

showed.

LME aluminium gained 0.7% to $2,618.50 a ton as

on-warrant aluminium inventories in the LME

storage fell to 442,425 tons, the lowest since late July, after

32,000 tons of fresh cancellations in Malaysia.

LME zinc gained 0.1% to $2,864, lead climbed

0.4% to $1,992.50, tin added 0.5% to $34,345 and nickel

rose 0.6% to $15,315.

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