London copper prices edged higher on Wednesday amid an improved risk appetite and subdued US dollar, while aluminum hovered close to a 14-year high touched in the previous session on investor concerns over tight supply and dwindling inventories.
Three-month copper on the London Metal Exchange (LME) was up 0.3 percent at $9,811 a ton, while the most-traded March copper contract on the Shanghai Futures Exchange eased 0.1 percent to 70,500 yuan ($11,082.47) a ton.
Asian shares rose as tech stocks tracked a strong overnight finish on Wall Street.
The dollar index weakened 0.1 percent, making greenback-denominated metals cheaper for those holding other currencies, while investors awaited US inflation data this week for clues on the pace of Federal Reserve policy tightening. — Reuters
