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Copper dips from 3-week high on caution after China policy support
Copper prices fell on Thursday after two straight sessions of gains, as traders and investors reassessed the optimism in recent days on policy support in top consumer China. Three-month copper on the London Metal Exchange dipped 0.3% to $8,540 per metric ton by 0321 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange rose 0.9% to 68,820 yuan ($9,612.13) a ton. LME aluminium declined 0.9% to $2,209.50 a ton, nickel dropped 1% to $16,485, zinc fell 0.5% to $2,570.50, lead shed 0.9% to $2,143, and tin lost 0.5% to $26,375. SHFE aluminium declined 0.3% to 18,850 yuan a ton, lead dropped 1.7% ... (full story)