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Copper prices climb on weak U.S. inflation
Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened expectations for stimulus to be tapered soon, while aluminum was powered by further cuts to production in China. Three-month copper on the London Metal Exchange (LME) rose for the first time this week, climbing 1.7% to $9,601 per tonne by 1426 GMT. Copper and other base metals were mostly trading on macro economic factors such as the U.S. inflation figures, which lowered the likelihood of the Fed withdrawing liquidity soon, said Saxo Bank analyst Ole Hansen. A weaker dollar makes dollar-denominated commodities ... (full story)