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Copper at one-month high in combined base metal trading

Base metals traded mixed on Tuesday, with copper consistent at its onemonth high, although gains were capped by a strong U.S. dollar following robust financial data.

Three-month copper on the London Metal Exchange ( LME) rose 0.3% to $9,121 per metric heap by 0143 GMT.

The dollar hung near its greatest in more than two years as traders downsized U.S. rate cuts bets in 2025 after strong financial data recently.

The U.S. signed up an out-performance in its economic information, with unanticipated task growth acceleration and a 4.1% decrease in joblessness rate last month. This prompted traders to dial back hopes of Federal Reserve rate cuts this year.

The dollar index, which determines the U.S. currency versus 6 other systems, was 0.16% higher at 109.59, not far from the 26-month high of 110.17 touched on Monday.

A stronger dollar makes greenback-priced products more pricey for holders of other currencies.

The hazard of Trump tariffs, along with the Fed's measured approach to rate cuts this year, raised Treasury yields and the dollar.

The most-traded February copper agreement on the SHFE was flat at 75,340 yuan ($ 10,266.48) a lot.

LME aluminium stayed relatively unchanged at $ 2,578 a load, tin was flat at $29,870, nickel slipped 0.4% to $15,840, lead moved 0.5% to $1,948 and zinc added 0.1% to $2,869.

SHFE aluminium rose 0.3% to 20,305 yuan a lot, nickel got 0.8% to 127,790 yuan, zinc fell 0.2% to 24,195 yuan, lead lost 0.8% to 16,475 yuan and tin shed 0.6% to 249,310 yuan.

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(source: Reuters)