Copper steady on low inventories

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London copper held steady on Monday, as low inventories of the metal offset pressure from a firmer dollar, while investors focused on US inflation data.

Three-month copper on the London Metal Exchange was flat at $9,648 a ton. Prices rose 1.2 percent in the previous session, its biggest percentage gain since Dec. 16.

The most-traded February copper contract on the Shanghai Futures Exchange SCFcv1 rose 0.7 percent to 69,820 yuan ($10,954.73) a ton.

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