April 19 (Reuters) - London copper hit a two-week peak on Tuesday and zinc jumped to its highest in more than a month as trading resumed after a long holiday weekend, with hopes for more China stimulus and supply worries amid low inventories supporting both metals.
FUNDAMENTALS
* Benchmark three-month copper on the London Metal Exchange (LME) rose 1.7% to $10,490 a tonne by 0218 GMT.
* LME zinc was up 2% at $4,501 a tonne after hitting its highest since March 8 in early Asian trade.
* China will step up financial support for industries, firms and people affected by COVID-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic slowdown.
* MMG Ltd said on Monday its Las Bambas copper mine in Peru would suspend operations from April 20 after residents of a community nearby entered the property as part of a protest.
* Zinc inventories in LME-registered warehouses
* The global nickel market saw a surplus of 10,500 tonnes in February, compared with a deficit of 5,700 tonnes in the same month last year, data from the International Nickel Study Group (INSG) showed on Monday.
* LME aluminium seems to have stabilised around a support at $3,214 per tonne, and it may hover above this level or bounce towards $3,416, according to Reuters technical analyst Wang Tao.
* Mainland China reported 21,600 new coronavirus cases on April 18, of which 3,316 were symptomatic and 18,284 were asymptomatic, the National Health Commission said on Tuesday.
* Meanwhile, the U.S. dollar index held firm near two-year high. A stronger dollar makes greenback-denominated metals more expensive for buyers using other currencies.
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MARKETS NEWS
* Wall Street ended the day lower in a choppy trading day on Monday, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia's invasion of Ukraine could mean for global growth.
DATA/EVENTS (GMT)
1100 EU Reserve Assets Total March
1230 US Housing Starts Number March
World Bank, IMF release World Economic Outlook and Global Financial Stability Report
PRICES
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 (Reporting by Brijesh Patel in Bengaluru; Editing by Subhranshu Sahu)