Aug 4 (Reuters) - Copper prices rose on Wednesday in London
as the dollar was pinned near recent lows, with traders focused
on U.S. jobs data to offer cues on the rates outlook.
Three-month copper on the London Metal Exchange rose
0.5% to $9,590 a tonne by 0259 GMT, reversing losses from the
The dollar index has now slipped more than 1% from a 15-week
peak it struck a fortnight ago.
A weak dollar makes greenback-priced metals cheaper to
holders of other currencies.
The most-traded September copper contract on the Shanghai
Futures Exchange fell 1% to 70,220 yuan a tonne,
tracking overnight losses in London.
* LME aluminium rose 0.2% to $2,591 a tonne, nickel
dropped 0.6% to $19,280 a tonne, zinc advanced
0.3% to $2,977.50 a tonne, while ShFE zinc shed 1.1% to
22,085 yuan a tonne and ShFE tin lost 1.2% to 229,300
yuan a tonne.
* Top copper miner Codelco's June output rose 14.9%
year-on-year to 151,600 tonnes, while production at the world's
biggest copper mine Escondida fell 21.6% in the same period.
* A union representing striking workers at Vale SA's
nickel mine in Sudbury, Canada reached a tentative
agreement to settle an ongoing labor dispute that saw 2,500
workers walk off their job on June 1.
* For the top stories in metals and other news, click
* Asian shares advanced to one-week highs, led largely by
strong U.S. corporate earnings, although the mood remained
cautious as the rapidly spreading Delta variant of the
coronavirus clouds the global economic outlook.
0600 UK Reserve Assets Total July
0750 France Markit Services, Comp PMIs July
0755 Germany Markit Services PMI July
0755 Germany Markit Comp Final PMI July
0800 EU Markit Serv, Comp Final PMIs July
1345 US Markit Serv, Comp Final PMIs July
1400 US ISM N-Mfg PMI July
(Reporting by Mai Nguyen in Hanoi; Editing by Ramakrishnan M.)