SINGAPORE, Sept 28 (Reuters) - London copper rose for a
second straight session on Monday on expectations of a strong
demand in top importer China and a U.S. stimulus in the works.
* Three-month copper on the London Metal Exchange
rose 0.3% to $6,565 a tonne, as of 0138 GMT and the most-traded
copper contract on the Shanghai Futures Exchange added
0.6% to 50,860 yuan ($7,455.29) a tonne.
* In August, data showed industrial output in China, the
world's top consumer of metals, accelerated the most in eight
* Democrats in the House of Representatives are working on a
$2.2 trillion coronavirus stimulus package.
* Still, a higher U.S. dollar, which makes greenback-priced
commodities more expensive for holders of other currencies,
could weigh on prices.
* The dollar hovered near a two-month peak against a basket
of currencies on Monday as investors look to a barrage of
upcoming economic data and political developments in the United
States before making any fresh bets on the U.S. currency.
* Zambia will remove import duty on copper ores and
concentrates to encourage local processing, Finance Minister
Bwalya Ng'andu said in a budget speech delivered in parliament
* Africa's second largest copper producer saw its export
earnings from the metal in the first half of the year fall 14.8%
to $2.3 billion due to a drop in prices, he added.
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* Asian shares were on the defensive, while oil prices edged
lower on Monday as investors were cautious ahead of a U.S.
Presidential debate and as coronavirus cases spike again in a
blow to global economic recovery hopes.
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
($1 = 6.8220 yuan)
(Reporting by Naveen Thukral;
Editing by Vinay Dwivedi)