HANOI, May 5 Reuters Copper prices rose past a key psychological level of 10,000 a tonne on Wednesday, buoyed by optimism about global economic recovery, but trading volume was tepid due to China market holidays.

Threemonth copper on the London Metal Exchange rose as much as 0.6 to 10,030, its highest level since February 2011 when the contract hit its record high of 10,190 a tonne.

Aluminium advanced 0.5 to 2,441 a tonne at 0338 GMT, nickel increased 1.2 to 17,885 a tonne and tin climbed 1.9 to 29,535 a tonne.

The U.S. economy is growing at its fastest rate since the early 1980s while British manufacturing activity grew at the fastest pace in almost 27 years last month.

FUNDAMENTALS

LME copper inventories fell to 137,400 tonnes, their lowest since March 26.

LME copper inventories fell to 137,400 tonnes, their lowest since March 26.

U.S. Treasury Secretary Janet Yellen said on Tuesday she sees no inflation problem brewing, downplaying earlier comments that rate hikes may be needed to stop the economy overheating as President Joe Bidens spending plans boost growth.

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MARKETS NEWS

Asian shares risked falling for a fourth straight session as sentiment took a knock from a selloff in large cap Wall Street tech darlings, combined with talk of rising U.S. interest rates.

DATAEVENTS GMT

0750 France Markit Serv, Comp PMIs

0755 Germany Markit Services PMI

0755 Germany Markit Comp Final PMI

0800 EU Markit…