Copper inches higher as dollar rally pauses; China demand woes weigh on market
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Copper prices rose 0.5% to US$9,114.50 per metric tonne on the LME; December copper contract on SHFE increased 0.6% to 74,250 yuan; US dollar pulled back after reaching a one-year high; concerns over China's slowing economic growth and potential US tariffs weigh on market; Trump plans to impose tariffs over 60% on Chinese imports; Ed Meir predicts LME copper prices to range between US$8,900 and US$9,200 in the next six weeks; downside forecast for next year at US$8,000 and upside at US$10,500; China to reduce or cancel export tax rebates for aluminium and copper products.

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