April 26 (Reuters) - Copper prices edged higher and closer to a strong resistance level of $10,000 a metric ton on Friday and other base metals also gained, backed by investment flows from funds.
Three-month copper on the London Metal Exchange rose 1% to $9,965.50 per ton by 0454 GMT, while the most-traded June copper contract on the Shanghai Futures Exchange advanced 1.5% to 80,500 yuan ($11,108.96) a ton.
LME aluminium edged up 0.2% at $2,568.50 a ton, nickel rose 0.2% to $19,190, zinc increased 1% to $2,877.50, lead advanced 0.5% to $2,219.50 and tin was 0.2% higher at $32,950.
SHFE aluminium jumped 1.1% to 20,555 yuan a ton, nickel advanced 0.4% to 143,120 yuan, zinc climbed 1.5% to 22,880 yuan, lead increased 0.8% to 17,210 yuan and tin rose 2.3% to 261,800 yuan.
LME copper climbed to as high as $9,979 a ton, close to a two-year high level hit on Monday of $9,988, and SHFE copper also hovered near a record high level touched earlier this week.
On a weekly basis, LME copper was on track for the fourth straight week of gains.
Yangshan copper premium
However, LME aluminium is set to reverse a streak of sixth straight weekly gain. The contract was down 3.9% on a weekly basis, on track for the worst week since Jan. 5.
LME tin was down 7.4% week-on-week, set for the biggest weekly fall since September 2023.
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DATA/EVENTS (GMT)
1230 US Consumption, Adjusted MM March
1230 US Core PCE Price Index MM, YY March
1230 US PCE Price Index MM, YY March
1400 US U Mich Sentiment Final April
($1 = 7.2464 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Janane Venkatraman )