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Copper buoyed by US dollar, but China demand worry dominates
Copper prices firmed on Monday due to support from a weaker dollar and some stronger data from China's manufacturing sector, but worries about demand in the top consumer fuelled by climbing inventories capped gains. Traders said the lower U.S. currency, which makes dollar-priced metals cheaper for holders of other currencies and could boost demand, had triggered a flurry of copper buying by funds. Benchmark copper on the London Metal Exchange (LME) was up 0.6% at $9,615 a metric ton at 1110 GMT. Prices of the metal used in power and construction have dropped more than 10% since hitting all-time highs of $11,100 in ... (full story)