METALS-London copper holds ground ahead of Powell testimony

 (Adds analyst comment, updates prices)
    MELBOURNE/BEIJING, Feb 27 (Reuters) - London copper prices
inched up on Tuesday, lifted in light trade by a weaker dollar
ahead of U.S. Federal Reserve Chairman Jerome Powell's
highly-anticipated first congressional testimony later in the
    Powell's debut appearance is seen as critical for the
financial markets, with many investors nervous about the Fed's
policy normalisation following years of stimulus.
    London copper has held above the $7,000-a-tonne mark since
Feb. 14 and edged up on Monday on the back of strong import data
from top metals consumer China.
    "The positive sentiment in the market looks likely to
remain. However, investors will now be focused on economic data,
with Chinese PMIs on Wednesday likely to set the tone for the
remainder of the week," ANZ wrote in a note.
    China's official manufacturing Purchasing Managers' Index
(PMI) survey will be published on Wednesday, along with a
similar official survey covering the services sector.

    * LONDON COPPER: London Metal Exchange copper edged
up 0.1 percent to $7,115.50 a tonne by 0405 GMT, having finished
up 0.2 percent in the previous session. 
    * SHANGHAI COPPER: Shanghai Futures Exchange copper
eased by 0.3 percent to 53,290 yuan ($8,451.22) a tonne by the
mid-session interval. 
    * CHALCO SHARES: Shares in Aluminum Corp of China Ltd
, known as Chalco, slumped by the maximum permitted
10 percent in Shanghai on Tuesday for the second day in a row.
The stock only resumed trading on Monday after a 5-1/2-month
    * NICKEL: Two of Russia's richest men could trigger a
complicated auction known as a "shootout" in a bid to end their
long-running battle for control of mining giant Norilsk Nickel
    * EV RECYCLING: China will make manufacturers of electric
vehicles (EV) responsible for setting up facilities to collect
and recycle spent batteries, as part of its efforts to tackle
mounting waste in the sector, say new rules published on Monday.
    * For the top stories in metals and other news, click       
    * Asian shares extended their recovery on Tuesday, hitting a
three-week high as U.S. borrowing costs eased ahead of Federal
Reserve Chairman Jerome Powell's highly-anticipated first
congressional testimony later in the day.    
    0745  France consumer confidence Feb
    0900  Euro zone Money supply growth Jan
    1000  Euro zone Business climate Feb
    1300  Germany Consumer prices Feb
    1330  U.S. Durable goods Jan
    1330  U.S. Advance goods trade balance Jan
    1400  U.S. Monthly home price index Dec
    1400  U.S. Case-Shiller housing index Dec
    1500  U.S. Consumer confidence Feb
    1500  Federal Reserve Chairman Jerome Powell delivers
semi-annual monetary policy testimony before the House Financial
Services Committee    
                                            0405 GMT
 Three month LME copper                       7115.5
 Most active ShFE copper                       53250
 Three month LME aluminium                    2147.5
 Most active ShFE aluminium                    14260
 Three month LME zinc                           3529
 Most active ShFE zinc                         26645
 Three month LME lead                           2585
 Most active ShFE lead                         19485
 Three month LME nickel                        13865
 Most active ShFE nickel                      104990
 Three month LME tin                           21590
 Most active ShFE tin                         147950
 LME/SHFE COPPER               LMESHFCUc3     961.96
 LME/SHFE ALUMINIUM            LMESHFALc3   -1471.45
 LME/SHFE ZINC                 LMESHFZNc3      280.1
 LME/SHFE LEAD                 LMESHFPBc3    -267.81
 LME/SHFE NICKEL               LMESHFNIc3    1840.72

($1 = 6.3056 Chinese yuan renminbi)

 (Reporting by Melanie Burton and Tom Daly in BEIJING
Editing by Joseph Radford and Gopakumar Warrier)

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