Copper prices in London rebound in early trading today after falling to a three-week low in the previous session but are heading towards a monthly loss.
Aluminum, which stood out among the core metals last week, fell due to profit sales and trading volumes are expected to be tight as mainland Chinese markets are closed for the one-week Lunar New Year holiday that started today.
Shanghai Futures Exchange will reopen on February 7.
Three-month copper on the London Metal Exchange rose 0.7 percent to $9,575/ton at 05.36 CET. The contract fell to a three-week low of $9,496 on Friday and fell more than 1 percent in January.
On the LME, aluminum fell 0.2 percent to $3,077.50/t but is on track to gain about 10 percent monthly.
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