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METALS-London copper edges higher on China export boost, but firm dollar caps gains
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METALS-London copper edges higher on China export boost, but firm dollar caps gains
Aug 26, 2025 8:28 PM

Aug 27 (Reuters) - Three-month copper contract on the

London Metal Exchange edged higher on Wednesday,

supported by a pickup in Chinese export orders, although a

slightly stronger dollar limited further upside.

The three-month contract on the LME edged up 0.04%

to $9,840.5 per metric ton by 0234 GMT, while the most-traded

copper contract on the Shanghai Futures Exchange eased

0.15% to 79,340 yuan ($11,092.00) a ton.

Chinese fabricators have indicated a recent uptick in export

orders. Export-driven demand was strong in the first half of the

year, as manufacturers boosted output ahead of U.S. tariffs, but

dried up as the levies came into effect. Any stabilisation in

demand amid elevated trade tensions bodes well for the sector in

the short term, said analysts from ANZ.

The USD struggled to gain ground, although the dollar index

edged marginally higher to 98.27, after falling 0.24% in the

previous session following U.S. President Donald Trump's move to

fire Federal Reserve Governor Lisa Cook, which boosted

expectations of U.S. interest rate cuts.

A stronger U.S. dollar makes greenback-priced metals more

expensive for holders of other currencies, which can dampen

demand and weigh on prices.

Elsewhere, Indonesian sovereign wealth fund Danantara plans

to access $8.3 billion in investment funds in 2025 to develop a

nickel processing hub in partnership with Chinese battery and

mineral recycler GEM.

Indonesia is the world's largest nickel producer.

Among other London metals, aluminium edged 0.09%

higher to $2,640.5 a ton, nickel gained 0.33% to

$15,335, lead edged up 0.18% to $1,991.5, tin

climbed 0.31% to $34,305, and zinc rose 0.02% to $2,814.

SHFE aluminium increased 0.53% to 20,840 yuan,

nickel gained 1.58% to 122,250 yuan, tin

climbed 1.01% to 272,070 yuan, and zinc rose 0.18% to

22,345 yuan, while lead dipped 0.03% to 16,910 yuan.

For the top stories in metals and other news, click

or

DATA/EVENTS (GMT)

No data/events expected

($1 = 7.1529 Chinese yuan)

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