Virus resurgence weigh on base metals

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    Copper and other base metals in London fell on Tuesday as concerns over the economic impact of new coronavirus-induced lockdowns eclipsed strong industrial output data from China.

    Three-month copper on the London Metal Exchange fell 0.3 percent to $7,727.50 a ton by 0226 GMT, extending losses into a third straight session.

    The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.3 percent to 57,510 yuan a ton, marking its second day of losses.

    Resurging coronavirus cases prompted some European countries to impose strict lockdowns and raised concerns in Japan and South Korea, while the euphoria eased over a vaccine roll-out in the United States, where the COVID-19 death toll crossed 300,000.