File photo of a port worker inspecting a shipment of copper that will be exported to Asia, at the port of Valparaíso, northwest of Santiago, Chile. January 25, 2015. REUTERS/Rodrigo Garrido/File

LONDON, March 1 (Reuters) – Prices for copper and other industrial metals rose on Wednesday, after data from China – the world’s biggest consumer of the metals – showed manufacturing activity rose in February in February. fastest pace in over a decade. .

* The decline in the dollar, particularly against the yuan, also contributed to the rise, making dollar-priced metals cheaper for buyers of other currencies.

Benchmark copper on the London Metal Exchange (LME) rose 1.4% to $9,083 a tonne at 11:25 GMT.

* Global stock markets rebounded.

* Copper hit a seven-month high of $9,550.50 in January on hopes Chinese demand would rebound after the country dropped COVID-19 controls.

* However, prices for metal used in energy and construction lost momentum around Chinese New Year as demand failed to pick up, the metal piled up in Chinese warehouses and the dollar weakened reinforced.

* “Today’s number gives me more confidence that China is going to be a positive force (for demand),” said Nitesh Shah, analyst at WisdomTree.

* In other base metals, aluminum on the LME rose 1.4% to $2,406.50 a tonne; zinc rose 2.7% to $3,082; Nickel rose 2.3% to $25,370; Lead rose 1.6% to $2,138; and tin rose 3.2% to $25,750.

(Reporting by Peter Hobson; Additional reporting by Siyi Liu and Dominique Patton; Editing in Spanish by Carlos Serrano)

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