Oct 27 (Reuters) - London copper prices rebounded from
earlier losses on Tuesday, as a weaker dollar boosted the appeal
of greenback-priced metals, although gains were capped on
surging global coronavirus infections and stalling of U.S.
Three-month copper on the London Metal Exchange rose
0.4% to $6,805 a tonne by 0705 GMT, having fallen as much as
0.2% to $6,764.50 a tonne earlier in the session.
The most-traded December copper contract on the Shanghai
Futures Exchange closed down 0.5% to 51,650 yuan
($7,705.62) a tonne.
The dollar strengthened as strong regional economic data
helped offset worries about a second wave of COVID-19 cases in
Europe and the United States.
But worries that the much-awaited U.S. stimulus deal is yet
to be agreed pushed investors to the sidelines ahead of the
country's Nov. 3 presidential election.
"It seems the price could be stuck in an expanded trading
range for a while, though in the mid- to long-term, it still
looks quite bullish," said a Singapore-based copper analyst,
adding that China's upbeat macro data suggests a promising
demand outlook next year despite weak physical demand now.
"The biggest factor is macro uncertainty as well as rising
COVID-19 cases, which also cast a shadow on the economic
recovery. The U.S. election could add to the risk aversion,
while hopes on stimulus bill (have) also faded," the analyst
* LME aluminium rebounded 0.1% to $1,830 a tonne
from a two-week low hit in the previous session and tin
rose 0.3% to $18,110 a tonne after hitting its lowest since Oct.
5 on Monday.
* ShFE lead closed up 1% at 14,450 yuan a tonne,
rebounding from a four-month low hit earlier in the session at
14,020 yuan a tonne, while zinc declined 0.3% to 19,700
yuan a tonne.
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($1 = 6.7029 yuan)
(Reporting by Mai Nguyen; editing by Uttaresh.V)