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METALS-Copper prices edge higher on resilient Chinese demand
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METALS-Copper prices edge higher on resilient Chinese demand
Sep 1, 2025 7:53 PM

Sept 2 (Reuters) - Copper prices rose across major

exchanges on Tuesday, supported by robust Chinese demand, even

as trade war worries and a firmer dollar weighed on broader

sentiment.

Three-month copper on the London Metal Exchange was

up 0.44% at $9,927 per metric ton, as of 0214 GMT, while the

most-traded copper contract on the Shanghai Futures Exchange

gained 0.25% to 79,910 yuan ($11,171.69) a ton.

Despite concerns that the trade war would weigh on copper

consumption, as well as expectations of falling prices after the

U.S. refrained from imposing import tariffs on refined metal,

copper demand has proven resilient, supported by strong activity

in China, said analysts from ANZ.

Analysts from ING noted that the upcoming U.S. jobs report

this Friday will be the focus for the market, with expectations

of a weakening labour market reinforcing the case for potential

rate cuts.

Broadly, a private PMI survey showed that China's factory

activity in August expanded at the quickest pace in five months

on the back of rising new orders.

Still, the dollar index, which measures the U.S.

currency against six major peers, was last up 0.1% at 97.709.

A firmer dollar makes greenback-denominated assets less

affordable to holders of other currencies.

Among other London metals, aluminium climbed 0.42%

to $2,622 a ton, and zinc rose 0.42% to $2,844.5, while

nickel dipped 0.09% to $15,425, lead fell 0.17%

to $2,000, and tin eased 0.16% to $34,895.

SHFE aluminium rose 0.22% to 20,715 yuan, nickel

gained 0.23% to 123,050 yuan, lead edged 0.03%

higher to 16,845 yuan, tin strengthened 0.02% to

273,820 yuan, and zinc climbed 0.11% to 22,220 yuan.

For the top stories in metals and other news, click

or

DATA/EVENTS (GMT)

1345 US S&P Global Mfg PMI SA August

1400 US ISM Manufacturing PMI August

($1 = 7.1529 yuan)

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