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Copper edges down on mixed China economic information

London copper edged down on Monday after China's financial information showed a combined recovery amongst various sectors, while a softer U.S. dollar provided some assistance.

Three-month copper on the London Metal Exchange (LME). edged down 0.1% to $9,040.5 per metric heap by 0309 GMT.

The most-traded January copper contract on the Shanghai. Futures Exchange was down by 0.4% to 74,400 yuan. ($ 10,218.80) a heap.

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

A lack of clearness around China's stimulus procedures weighed. on copper rates recently, although LME information showed rising. quantities of metal waiting to leave its registered warehouses.

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

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

LME aluminium was down 0.2% at $2,599 a ton, zinc. fell 0.4% to $3,082, lead was relatively. unchanged from last closing cost at $2,010.5, tin fell. 0.2% to $29,040, while nickel was down 0.3% to $15,815.

SHFE aluminium slipped 0.8% to 20,220 yuan a lot,. tin was down 1.9% at 244,420 yuan, nickel slid. 2.3% to 126,390 yuan, while zinc increased 5 yuan to 25,700. yuan and lead fell 0.2% to 17,405 yuan.

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(source: Reuters)