July 27 (Reuters) - Shanghai and London copper jumped on
Tuesday to multi-week highs, as a softer dollar made
greenback-priced metals cheaper to holders of other currencies.
The dollar eased, hovering just below recent peaks, as
investors turned their focus to this week's Federal Reserve
meeting for clues on the policy outlook.
The most-traded September copper contract on the Shanghai
Futures Exchange climbed as much as 3.1% to 72,740 yuan
a tonne, its highest since June 3.
Three-month copper on the London Metal Exchange hit
a high of $9,924 a tonne, a level unseen since June 15.
* Labor contract negotiation at Chile's Escondida mine, the
world's largest copper deposit, entered into a critical phase on
Monday with the delivery of a final offer by operator BHP
, according to an internal memo sent by the company to
workers and seen by Reuters.
* Healthy demand from stainless steel mills and electric
vehicle battery makers is expected to underpin nickel prices
over coming months, but rising supplies from top producer
Indonesia are likely to weigh next year.
* Miner Rio Tinto said on Monday it planned to cut
production at its BC Works aluminium smelter in Kitimat, Canada
to 35% following a strike initiated by the Canadian union Unifor
after negotiation talks failed.
* For the top stories in metals and other news, click
* Asia's stock markets fell to fresh troughs led by a third
straight session of heavy selling in Chinese internet giants,
while bond and currency markets traded on edge ahead of the
Federal Reserve policy meeting.
1230 US Durable Goods June
1400 US Consumer Confidence July
-- US U.S. Federal Open Market Committee starts its two-
day meeting on interest rates
(Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)