Most nonferrous metals declined on Monday, as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.
Three-month copper on the London Metal Exchange eased 0.2 percent to $8,217 a ton, aluminum declined 0.9 percent to $2,243.50 a ton, nickel shed 2.5 percent to $20,680 a ton and zinc fell 1 percent to $2,282.50 a ton.
The dollar was firmer against major peers after a robust US jobs report spurred traders to price in higher interest rates for longer.
LME lead eased 0.3 percent to $2,025 a ton and tin dropped 1.6 percent to $25,250 a ton.
The most-traded July copper contract on the Shanghai Futures Exchange was almost flat at 65,900 yuan ($9,280.78) a ton. SHFE aluminum fell 1.4 percent to 18,135 yuan a ton and nickel shed 2.6 percent to 156,770 yuan a ton.
SHFE zinc shed 0.8 percent to 19,080 yuan a ton, tin fell 1.6 percent to 206,200 yuan a ton, lead eased 0.1 percent to 15,040 yuan a ton.
Yangshan copper premium rose to $47.50 a ton on Friday, the highest since March 23, indicating improvement in demand to import copper in China, the world’s biggest metals consumer. -Reuters
