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Copper rises on weaker US dollar, lower stocks; nickel falls on improved supply
Copper prices rose in London on Wednesday as a weaker dollar and declining exchange stockpiles provided support, though concerns about the lack of major policy stimulus from top consumer China capped gains. Three-month copper on the London Metal Exchange (LME) was up 0.4% at $8,521.5 per metric ton by 1122 GMT. A key Chinese parliament meeting this week failed to deliver on market hopes for a big stimulus package to revive its property sector and kept copper, used in construction, under pressure. “The low level of housing starts will continue to weigh on industrial metals demand, given the lag between starts and ... (full story)