Copper dips

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    HANOI- Copper prices fell on Monday on demand worries due to rising coronavirus cases in top consumer China and ahead of seasonally slow consumption during the Lunar New Year holiday.

    Three-month copper on the London Metal Exchange fell 0.2 percent to $7,985.50 a ton, while the most-traded March copper contract on the Shanghai Futures Exchange dipped 0.1 percent to 59,020 yuan ($9,100.44) a ton.

    China reported a climb in new COVID-19 cases driven by a spike in infections among previously symptomless patients in northeastern Jilin province, risking wider lockdowns that would undermine industrial activity.