Copper: Three-month LME copper continued to hover around $6,490/mt in a range of $26/mt on Tuesday. It inched up 0.02% on the day and closed at $6,491.5/mt. The SHFE June contract fluctuated to end at 49,400 yuan/mt overnight. China will release its first quarter gross domestic product (GDP) data today, which is expected to bolster copper prices. Recovering consumption and smelter maintenance in China raised market concerns about tighter supply, and this also provided support to copper prices. LME copper is expected to trade at $6,470-6,520/mt today with SHFE copper at 49,350-49,800 yuan/mt. Spot premiums are seen at ... (full story)