METALS-Copper on track for weekly rise as dollar weakens

HANOI, April 9 (Reuters) - Copper prices were on track for a weekly rise on Friday, as the dollar was headed for its worst week of the year, making greenback-priced metals cheaper for holders of other currencies.

Three-month copper on the London Metal Exchange rose 0.3% to $9,031 a tonne by 0113 GMT, up 2.7% on a weekly basis.

The most-traded May copper contract on the Shanghai Futures Exchange advanced 0.8% to 67,160 yuan ($10,252.65) a tonne, also set for a weekly rise.

The dollar was pressured by unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve that prompted investors to unwind some bets on the greenback.


* Chinese battery material maker CNGR Advanced Material Co would set up a joint venture in Indonesia to produce nickel matte, used to make chemicals for electric car batteries, with a Singapore-based partner.

* China’s Jiangxi Copper Co is not building or investing in a previously planned project to make refined copper from scrap in eastern Malaysia, its chairman said.

* LME aluminium fell 0.1% to $2,280 a tonne, while zinc rose 0.2% to $2,860.50 a tonne. In Shanghai, nickel advanced 1.1% to 127,070 yuan a tonne, zinc climbed 1.2% to 22,145 yuan a tonne and aluminium increased 0.2% to 17,530 yuan a tonne.

* For the top stories in metals and other news, click or


* Asian equities are set for a choppy trading session after technology stocks lifted the S&P 500 to a new record even as investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits.


0130 China PPI, CPI YY March

0600 Germany Industrial Output MM Feb

0730 UK Halifax House Prices MM March

$1 = 6.5505 yuan Reporting by Mai Nguyen; Editing by Shailesh Kuber