SINGAPORE, April 26 (Reuters) - London copper prices on Friday inched away from a one-month low touched in the previous session, buoyed as the U.S. dollar eased from a two-year high.
Three-month copper on the London Metal Exchange had edged up 0.1 percent to $6,369 a tonne by 0142 GMT, after marking its lowest since March 28 on Thursday on a strong U.S. dollar and worries over the outlook for the global economy.
The U.S. dollar dropped slightly against a basket of major currencies on Friday, though it was but still near its two-year peak. A weaker U.S. dollar makes dollar-denominated metals cheaper for buyers with other currencies.
Sentiment was also supported by news that U.S. President Donald Trump would soon host Chinese leader Xi Jinping at the White House, setting the stage for a possible agreement on trade between the world’s two largest economies.
* Shanghai copper fell 0.8 percent to 48,830 yuan ($7,250.62) a tonne following the overnight drop in London.
* Most other metals rose, with London nickel and zinc both up 0.5 percent.
* Freeport-McMoRan Inc’s copper output fell 18 percent to around 340,000 tonnes in the first quarter, while Anglo American’s production rose by 4 percent to 161,100 tonnes.
* Australian miner Aurelia Metals Ltd said it was in talks about a possible acquisition of Glencore’s CSA copper mine in the state of New South Wales.
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* Asian shares got off to a subdued start, while the dollar held near two-year highs against the euro.
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Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.7346 Chinese yuan renminbi)
Reporting by Mai Nguyen; Editing by Joseph Radford