METALS-Copper up for 3rd day, eyes China's factory output data
SINGAPORE, Sept 10 (Reuters) - Copper rose for a third consecutive session on Tuesday, buoyed by positive data from China, the world's largest metals consumer, and expectations the U.S. Federal Reserve will keep its stimulus programme intact for longer.
Shanghai copper edged lower as investors awaited China's industrial output data for further evidence of economic recovery.
* Three-month copper on the London Metal Exchange rose 0.3 percent to $7,214.5 a tonne by 0106 GMT. The most-traded December copper contract on the Shanghai Futures Exchange eased 0.2 percent to 52,160 yuan a tonne.
* The metal used in power and construction has risen 9 percent since touching three-year lows in June on mounting evidence that a slowdown in China, the world's second-largest economy, may be bottoming out.
* China's exports rose more than expected in August, boosted by improving demand for the country's goods in major markets, while muted inflation data added to the positive sentiment.
* China is the world's largest consumer of refined copper, accounting for about 40 percent of global demand.
* Data also showed China's copper imports fell to 387,564 tonnes in August from a 14-month high in the previous month. Analysts said the trend still showed healthy demand as the monthly figure represented the second-highest shipment this year and was 8.9 percent higher than last year.
* Disappointing U.S jobs data last week eased expectations that the Federal Reserve would begin paring back its stimulus programme this month. Loose monetary policy adopted by central banks in the last few years has drawn investors to commodities as an alternative to interest-bearing assets.
* American shipments of new and replacement automotive batteries rose in July from a year earlier, U.S. industry data showed, reinforcing rising optimism about a recovery in car and truck sales.
* Rising demand in the region has helped fuel a rise in physical prices of lead, the main ingredient in lead acid auto batteries, to record highs.
* China's tin industry is turning to Myanmar to help plug a gap in the supply of raw materials after new trading rules in the world's top exporter Indonesia squeezed its major source of refined tin.
* The rules hitting tin shipments from Indonesia should be ironed out within two months, a trade ministry official said on Monday, adding the government will not soften policies aimed at adding value to its tin industry.
* Indonesia's top exporter, state-backed PT Timah, and 18 other exporters halted shipments last week, blaming the new trading rules that Jakarta hopes will help the Southeast Asian nation set a benchmark price for the metal.
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* Fresh signs of global economic stability drove Asian stocks to a three-month high on Tuesday as investors turned their attention to more data out of China, while oil nursed heavy losses as fears of an imminent U.S. military strike against Syria receded even further.
* The euro held steady around a more than one-week high in early Asian trade on Tuesday, as risk appetite ticked up after a Russian proposal on Syria raised the chance that a U.S. military strike would be delayed or averted.
DATA/EVENTS (GMT) 0530 China Industrial output 0530 China Retail sales 0530 China Urban investment 0645 France Industrial output 1130 U.S. NFIB business optimism 1145 U.S. ICSC weekly chain store sales 2030 U.S. API weekly crude stocks
(Reporting by Naveen Thukral; Editing by Richard Pullin)