Copyright 2015 Bloomberg.
NKO1666K50Y3

(Bloomberg) — Copper rebounded from the biggest drop in two weeks and zinc rose from the lowest in almost 10 months as investors look ahead to jobs data from the U.S. and growth targets from China, the world’s two biggest metals consumers.
The U.S. added 219,000 jobs last month after gaining 213,000 in January, according to a Bloomberg News survey before private data released Wednesday. Chinese Premier Li Keqiang is expected to announce a growth target of about 7 percent for this year during the government’s annual National People’s Congress on Thursday. Copper for delivery in three months on the London Metal Exchange advanced 0.4 percent to $5,845 a metric ton ($2.65 a pound) at 9:58 a.m. in Hong Kong. Prices fell 1.4 percent to $5,822 a ton on Tuesday, the biggest drop since Feb. 17. In New York, futures for May delivery rose 0.2 percent to $2.6615 a pound, while in Shanghai the metal for the same month was little changed at 42,530 yuan ($6,782) a ton.
Zinc in London rose as much as 0.6 percent after retreating 1.3 percent Tuesday to close at $2,031 a ton, the lowest since May 7.
Also on the LME, aluminum, lead and nickel rose, while tin hadn’t traded.

To contact the reporter on this story: Alex Davis in Hong Kong at adavis150@bloomberg.net To contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net Sungwoo Park