Copper stalls

Melbourne

London copper was steady on Tuesday, supported by a weaker dollar, although signs of slowing growth in China and the U.S. kept a lid on prices.

London Metal Exchange copper edged up 0.1 percent to $5,635 by 0118 GMT, following 0.7 percent losses from the previous session. Prices last week fell to $5,575 a tonne, the weakest in around a fortnight and have remained stuck in range for the past month.

Shanghai Futures Exchange copper eased 0.3 percent to 45,110 yuan ($6,631) a tonne. Shfe zinc fell 2 percent, tracking weakness in steel.

China´s economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and investment as economic ties with the United States take a positive turn and infrastructure spending cushions domestic growth.