BEIJING, Jan 17 (Reuters) - London copper dipped on Wednesday, weighed down by pressure from a stronger dollar, while caution prevailed ahead of key economic data releases by top metal consumer China.
Three-month copper on the London Metal Exchange slid 0.1% to $8,343.50 per metric ton by 0130 GMT, while the most-traded February copper contract on the Shanghai Futures Exchange was up 0.2% at 67,940 yuan ($9,448.97) per ton.
China, the world's second largest economy, will release its gross domestic product and industrial output data later in the day, which is expected to provide further clues on demand outlook.
China's economic growth is likely to slow to 4.6% in 2024, and cool further to 4.5% in 2025, a Reuters poll showed.
Also weighing on the market was a steady dollar, making it more expensive to buy the greenback-priced commodity.
The dollar index hovered near a one-month high against a basket of currencies, as remarks by Federal Reserve Governor Christopher Waller dampened expectations for a March rate cut.
LME nickel gained 0.6% to $16,240 a ton, lead was down 0.5% at $2,094, tin moved 0.7% higher to $25,340, zinc declined 0.2% to $2,542, and aluminium slid 0.2% to $2,209.
SHFE nickel rose 0.9% to 128,120 yuan, lead edged down 0.1% to 16,200 yuan, tin advanced 2.6% to 214,460 yuan, aluminium added 0.4% to 18,900 yuan, and zinc lost 0.5% to 21,180 yuan.
For the top stories in metals and other news, click or
($1 = 7.1902 Chinese yuan) (Reporting by Siyi Liu and Mei Mei Chu; Editing by Subhranshu Sahu)
