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Copper edges down on combined China economic data

London copper edged down on Monday after China's economic information revealed a blended healing amongst different sectors, while a softer U.S. dollar provided some support.

Three-month copper on the London Metal Exchange (LME). fell 0.2% to $9,039 per metric ton by 0516 GMT.

The most-traded January copper contract on the Shanghai. Futures Exchange was down by 0.4% to 74,450 yuan. ($ 10,218.80) a load.

China's industrial output accelerated somewhat in November,. while retail sales disappointed, keeping pressure on Beijing to. ramp up stimulus for a fragile economy as it braces for more. U.S. trade tariffs under a 2nd Donald Trump administration.

An absence of clearness around China's stimulus procedures weighed. on copper rates recently, although LME data showed increasing. quantities of metal waiting to leave its registered warehouses.

A weaker dollar supported the marketplace, making it less. costly to purchase the greenback-priced commodity.

The Federal Reserve will lead the pack on Wednesday with. markets pricing a 96% likelihood it will cut rates by 25 basis. points.

LME aluminium was down 0.3% at $2,597 a ton, zinc. fell 0.4% to $3,084, lead was relatively. unchanged at $2,009.5, tin rose 0.2% to $29,145, while. nickel was down 0.3% to $15,810.

SHFE aluminium slipped 0.7% to 20,245 yuan a ton,. tin was down 1.5% at 245,380 yuan, nickel moved. 2.2% to 126,460 yuan, while zinc rose 0.2% to 25,750. yuan and lead fell 0.1% to 17,410 yuan.

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(source: Reuters)