Shanghai copper edged down on Thursday, as support from higher Chinese copper imports faded and investors took profits. Shanghai's benchmark third-month copper futures contract ended down 0.6 percent at 48,870 yuan a tonne, easing as London futures gave up their gains.
The most-active contract for January delivery fell 0.8 percent to 48,710 yuan a tonne. Three-month copper futures contract on the London Metal Exchange shed $10 to $6,210 a tonne by 0702 GMT amd touched a high of $6,325. Upbeat prospects for the global economy pushed the US dollar to a 14-month low against a basket of currencies earlier in the day, as investors turn to higher-yielding currencies.
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