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Copper stays firm ahead of China data, clues to demand prospects
Copper prices steadied on Monday, reinforced by a lower dollar and healthy economic numbers from China ahead of a barrage of growth data later this week from the top consumer. Benchmark copper on the London Metal Exchange traded down 0.1 percent at $6,475 a tonne in official rings. The metal, used in power and construction, has mostly traded in a narrow range between $6,300 and $6,500 since the middle of February. “Chinese data from Friday is supporting copper and other industrial metals,” Commerzbank analyst Daniel Briesemann said. “The market is waiting for the next bunch of data from China.” IMPORTS: China ... (full story)