Shanghai Futures Exchange copper closed down 0.1 percent at 53,370 yuan ($8,461.36) a tonne on Tuesday, slipping for the second day in a row after an initially strong showing after the Lunar New Year holiday. "The positive sentiment in the market looks likely to remain. However, investors will now be focused on economic data, with Chinese PMIs on Wednesday likely to set the tone for the remainder of the week," ANZ wrote in a note.
China's official manufacturing Purchasing Managers' Index (PMI) survey will be published on Wednesday, along with a similar official survey covering the services sector. Shanghai nickel was the biggest gainer in the base metals complex, rising by 1 percent to 106,000 yuan a tonne as the dollar slipped and Shanghai rebar prices rose. A weaker greenback makes metals cheaper for holders of other currencies.
Two of Russia's richest men could trigger a complicated auction known as a "shootout" in a bid to end their long-running battle for control of mining giant Norilsk Nickel (Nornickel).
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