HANOI, May 13 (Reuters) - Copper prices fell on Thursday, as
higher-than-expected inflation rate in the United States sparked
fears of monetary tightening, potentially restricting liquidity
The most-traded June copper contract on the Shanghai Futures
Exchange dipped 0.3% to 76,150 yuan ($11,799.25) a
tonne at 0224 GMT, while three-month copper on the London Metal
Exchange was unchanged at $10,445 a tonne.
Both contracts were hovering near their record high levels
hit on Monday.
U.S. consumer prices increased by the most in nearly 12
years in April as booming demand amid a reopening economy pushed
against supply constraints, which could add fuel to financial
market fears of a lengthy period of higher inflation.
The consumer price index jumped 0.8% last month, its largest
gain since June 2009. Economists polled by Reuters had forecast
the CPI would climb 0.2%.
* Canadian miner Turquoise Hill Resources Ltd saw
its full-year copper production at 150,000-180,000 tonnes,
slightly down from a previous estimate of 160,000-180,000
tonnes, after reporting first-quarter output up 29% year-on-year
to 45,449 tonnes.
* LME aluminium rose 1.1% to $2,506.50 a tonne,
nickel dropped 1% to $17,615 a tonne while tin
declined 0.8% to $29,420 a tonne.
* ShFE nickel was down 1.7% at 130,020 yuan a
tonne, tin lost 2% to 192,420 yuan a tonne while lead
declined 1.6% to 15,365 yuan a tonne.
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* Asian shares faced a third day of losses, after the
shocking rise in U.S. inflation bludgeoned Wall Street and sent
bond yields surging on worries the Federal Reserve might have to
move early on tightening.
1230 US Initial Jobless Clm Weekly
($1 = 6.4538 yuan)
(Reporting by Mai Nguyen; Editing by Rashmi Aich)