HANOI, Jan 25 (Reuters) - Copper prices rose on Monday, as a weaker dollar made greenback-priced metals more appealing to holders of other currencies and as investors hoped for further U.S. stimulus.

Three-month copper on the London Metal Exchange rose 0.1% to $8,007 a tonne by 0703 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange closed up 0.1% at 59,090 yuan ($9,124.32) a tonne.

U.S. President Joe Biden's administration has been fighting for its $1.9 trillion COVID-19 relief plan, while the dollar fell 0.1%, hovering around its lowest in more than two years.

But gains were capped on demand worries due to rising coronavirus cases in top consumer China and ahead of the seasonally slow Lunar New Year holiday season.

"There has been some inventory building, but macro funds are still buying," said a Singapore-based metals trader, adding that a weaker dollar and hopes of stimulus fuelled funds buying.

FUNDAMENTALS

* Shanghai tin hit a record high of 171,460 yuan a tonne, as stockpiles in ShFE fell 7.2% last week, the biggest drop since September 2020.

* LME tin rose as much as 2.8% to its highest since August 2014 at $22,575 a tonne, as LME inventories hit their lowest since May 2019.

* Cash LME tin was at $420-a-tonne premium over the three-month contract , indicating tight nearby supplies. The premium hit $553 a tonne on Jan. 21, the biggest since September 2009.

* LME nickel rose 0.4% to $18,335 a tonne and zinc climbed 0.4% to $2,725 a tonne. ShFE aluminium fell 0.2% to 14,945 yuan a tonne, while nickel rose 0.9% to 135,930 yuan a tonne and lead jumped 2.9% to 15,555 yuan a tonne.

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($1 = 6.4761 yuan) (Reporting by Mai Nguyen; Editing by Amy Caren Daniel and Rashmi Aich)