``Base metals may trade with weak bias,`` said SMC Research.
Stock-index futures fell overnight in response to news that several Chinese banks had ordered some branches to suspend new lending for the rest of this month.
This was seen as a further sign that Beijing might tighten monetary policy and prompted risk aversion from investors that also meant many commodities fell.
The Conference Board`s January consumer-confidence index rose to 55.9 from 53.6 in December, exceeding the projection of 54.
China plans to cash in on the soaring copper price by using its substantial reserves to snap up global assets while prices are low.
Nickel prices gained more than 3% Tuesday on news that Xstrata`s workers in Sudbury, Ont., could be on strike by the end of the month, potentially joining striking Vale Inco workers to take 11% of the world`s nickel supply offline,`` SMC Research added.
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