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London copper climbs on weaker dollar ahead of US inflation report



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BEIJING, May 15 (Reuters) -London copper climbed on Wednesday on a weaker U.S. dollar as traders awaited a key U.S. inflation report for clues on the Federal Reserve's interest rate policy.

Three-month copper on the London Metal Exchange CMCU3 was up 0.3% at $10,144 per metric ton by 0203 GMT, while the most-traded June copper contract on the Shanghai Futures Exchange SCFcv1 shed 0.4% to 81,510 yuan ($11,267.00) a ton.

The dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields. A weaker dollar makes it cheaper to buy the greenback-priced commodity.

Elsewhere, U.S. copper prices on the CME hit a record peak on Tuesday, fuelled by robust demand in the United States and fund buying.

LME aluminium CMAL3 edged 0.1% lower at $2,549.50 a ton, tin CMSN3 climbed 0.4% to $33,500, nickel CMNI3 gained 0.1% to $19,095, zinc CMZN3 moved 0.1% higher to $3,006.50 and lead CMPB3 rose 0.7% to $2,275.

SHFE aluminium SAFcv1 declined 0.6% to 20,495 yuan a ton, zinc SZNcv1 dipped 0.2% to 23,755 yuan, nickel SNIcv1 slid 0.2% at 144,110 yuan, while lead SPBcv1 advanced 1.9% to 18,670 yuan and tin SSNcv1 rose 1.1% to 272,960 yuan.


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TOP/MTL or MET/L

DATA/EVENTS (GMT)
0645 France CPI (EU Norm) Final MM, YY April

0900 EU GDP Flash Estimate QQ, YY Q1

1000 EU Reserve Assets Total April

1230 US Core CPI MM, SA; YY, NSA April

1230 US CPI MM, SA; YY, NSA April

1230 US CPI Wage Earner April

1230 US Retail Sales MM April



($1 = 7.2344 Chinese yuan)



Reporting by Siyi Liu and Colleen Howe; Editing by Sohini Goswami

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