MANILA, Oct 19 (Reuters) - London copper rose while Shanghai prices were little changed on Monday as investors awaited third-quarter economic growth data from top metals consumer China, as well as monthly production and retail sales numbers.
Three-month copper on the London Metal Exchange rose 0.4% to $6,768.50 a tonne by 0131 GMT, while the most-traded November contract on the Shanghai Futures Exchange was virtually flat at 51,470 yuan ($7,686.45) a tonne.
The Chinese economy will likely expand by about 2% this year as the country has put the COVID-19 pandemic under control, central bank governor Yi Gang said on Sunday.
* The union of supervisors at BHP’s Escondida mine in Chile has reached an agreement on a labor deal, averting the threat of a strike at the world´s largest copper deposit.
* Glencore is talking with car makers and battery makers about nickel - a key component in electric vehicle batteries which Tesla CEO Elon Musk has asked miners to produce more of.
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* Asian markets started higher on Monday, buoyed by hopes of a U.S fiscal package before the U.S. presidential elections next month and expectations of a coronavirus vaccine by the end of this year.
DATA/EVENT AHEAD (GMT)
0200 China GDP Q3
0200 China Industrial Output Sept
0200 China Urban Investment (YTD) Sept
0200 China Retail Sales Sept
1400 U.S. NAHB Housing Market Index Oct
1545 Federal Reserve Vice Chair Richard Clarida speaks on “U.S. Economic Outlook and Monetary Policy” before virtual American Bankers Association Convention
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
Reporting by Enrico Dela Cruz in Manila; Editing by Aditya Soni
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