BEIJING, Feb 7 (Reuters) - London base metals on Wednesday recovered some of the ground lost in the previous session as global equities bounced back after days of sharp falls and
investors focused on fundamentals. Analysts said metal prices were holding up well given the recent share market volatility, with copper holding above the
$7,000 a tonne mark that has only been breached on three trading days so far this year. Losses "remained limited with positive fundamentals
providing some support," ANZ wrote in a note. "The relatively positive PMIs in China over the past week were also fresh in the
minds of investors," it added. China's manufacturing sector sustained growth at multi-month highs in January, the Caixin/Markit Manufacturing Purchasing
Managers' Index (PMI) showed on Feb. 1, while its services sector grew at its fastest pace in nearly six years. FUNDAMENTALS: * LME COPPER: Three-month copper on the LME was up
0.7 percent at $7,127.50 a tonne by 0441 GMT, recovering from a 1.3 percent drop in the previous session. * SHFE COPPER: The most-traded March copper contract on the
Shanghai Futures Exchange was down 0.3 percent at 52,960 yuan ($8,468) a tonne by the mid-session interval. * OTHER METALS: LME zinc, nickel and
aluminium made gains of 1 percent to 1.5 percent, with only lead losing ground, trading down 0.5 percent. * FREEPORT: Freeport-McMoRan Inc reinstated its cash
dividend on Tuesday, three years after suspending it, reflecting a stronger financial position, improved market conditions and a
positive outlook for cash generation. * ZIMBABWE: Zimbabwe has the potential to be a leading producer of lithium, which has so far attracted more interest
than any other of its minerals, Zimbabwe's new Minister of Mines and Mining Development Winston Chitando said on Tuesday. * MARUBENI: Japanese trading house Marubeni Corp on
Tuesday posted a 53 percent jump in April-December net profit and lifted its full-year forecast by 18 percent, boosted by higher copper and coal price.
