METALS-Copper heads for small weekly loss as strong dollar drags

Fri Mar 6, 2015 8:16am EST
 
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* SocGen sees copper floor at $4,500 on oil, currency drop

* China nickel premiums jump as country shuts old NPI plants

* Lead enquiries pick up in Asia from secondary producers

* Coming Up: U.S. Nonfarm payrolls Feb at 1330 GMT (Adds official midday prices)

By Maytaal Angel

LONDON, March 6 (Reuters) - Copper headed for a weekly loss on Friday as the dollar rallied ahead of the monthly U.S. jobs report and signs of lacklustre demand in top consumer China.

The dollar hit an 11-year high against major currencies on Friday as investors bet the U.S. jobs report would raise chances of interest rate hikes.

A strong dollar makes dollar-priced metals costly for non-U.S. investors.

In China, equities fell as investors digested comments by top officials that highlighted growth and debt challenges the country faces this year.   Continued...