Copper and zinc steady as US data, Peru support
LONDON (Reuters) - Copper hovered around $8,000 a tonne on the London Metal Exchange, keeping an eye on a miners' strike in Peru, while zinc found support in a potential supply disruption, analysts said on Wednesday.
By 1037 GMT copper for delivery in three months fell back from an earlier intra-day high of $8,030 and was indicated at $7,980/7,995. On Tuesday, copper closed at $7,986 after rallying 2.9 percent on supportive U.S. economic data.
Trade was seen subdued throughout the rest of the week with Shanghai closed until next Tuesday and Tokyo shut until Monday.
The market was supported by Tuesday's U.S. data, showing manufacturing expanded last month at its fastest pace in almost a year and a threat to supply from Peru, the world's third-largest producer of copper and zinc, where a nationwide mineworkers strike is in its third day.
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