March 20 (Reuters) - Prices of most industrial metals rose on Monday as worries over a global banking crisis eased, with copper further supported by improving consumption in China.
Three-month copper on the London Metal Exchange edged up 0.2% to $8,594 a tonne by 0416 GMT, while the most-traded April copper contract on the Shanghai Futures Exchange (SHFE) advanced 0.8% to 67,390 yuan ($9,769.92) a tonne.
Measures by authorities to avert a global banking crisis lifted market confidence as investors welcomed a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group and emergency dollar liquidity from top central banks.
Yangshan copper premium
SHFE copper inventories
Meanwhile, China's aluminium imports in the first two months of 2023 rose 11.3% year-on-year to 374,321 tonnes, as buyers anticipated improving demand for the metal following the country's reopening from COVID-19 restrictions.
SHFE aluminium increased 0.4% to 18,240 yuan a tonne, nickel was up 0.65% at 177,240 yuan a tonne, zinc advanced 1.3% to 22,570 yuan a tonne, tin jumped 2.7% to 185,900 yuan a tonne and lead edged up 0.2% at 15,360 yuan a tonne.
LME zinc increased 0.4% to $2,905 a tonne, lead was up 0.1% at $2,091.50 a tonne and tin increased 1.2% to $22,780 a tonne, while aluminium fell 0.2% to $2,270 a tonne.
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DATA/EVENTS (GMT)
1000 EU Total Trade Balance SA Jan
($1 = 6.8977 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)