LME base metals slip on stronger dollar, China demand concerns

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London metal prices fell in early Asian trading on Wednesday, as the dollar jumped on rising prospects of bigger interest rate hikes by the U.S. Federal Reserve this year, while worries over demand in top consumer China persisted.

Markets in mainland China reopened after two days of public holidays. Chinese authorities extended a lockdown in Shanghai on Tuesday to cover all of the financial center’s 26 million people.

FUNDAMENTALS

* Three-month copper on the London Metal Exchange was down 1.1% at $10,345 a tonne, as of 0201 GMT, after rising to a four-week high of $10,580 on Tuesday.

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* The dollar edged up to its highest…

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