Oct 4 (Reuters) - London copper rose in thin trade on Monday
as some investors bought the metal after last week's sharp drop
on concerns over energy prices and economic growth in top
Three-month copper on the London Metal Exchange
edged up 0.3% to $9,155 a tonne by 0350 GMT, recovering slightly
from the previous week's 2.2% fall. Trading volume was low as
Chinese markets were closed for a week-long public holiday.
Copper prices were also supported by low warehouse stocks.
Inventories in ShFE warehouses <CU-STX-SGH> were at their lowest
since June 2009 at 43,525 tonnes, while LME stockpiles
<MCUSTX-TOTAL> fell to 217,175 tonnes by Sept. 30, down 14% so
far in September, latest exchange data showed.
Widespread power shortage in China has raised concerns of
slower growth and muted metals demand in the world's
LME aluminum advanced 0.5% to $2,871.50 a tonne,
nickel increased 0.8% to $18,115 a tonne, zinc
was up 1.2% at $3,017 a tonne and lead rose 0.9% to
$2,160 a tonne.
* An alumina refinery in Jamaica that was damaged by fire
and shut down in August is not expected to be back at 100%
production for another year, until the end of September 2022,
operating partner Noble Group Holdings said on Friday.
* The difference between LME cash nickel and the three-month
contract <CMNI0-3> flipped to a discount of $1 a tonne after
staying in premium since Aug. 25, indicating easing tightness in
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* Asian shares dipped as concerns about China's property
sector and inflation worries offset upbeat U.S. data and
positive news on new drugs to fight the coronavirus.
1400 US Factory Orders MM Aug
(Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)