METALS-Copper sinks to lowest in four sessions ahead of Fed
SINGAPORE, Sept 12 (Reuters) - London copper eased to its lowest in four sessions on Thursday on subdued buying ahead of the Federal Reserve's stimulus decision next week, although Chinese demand put a floor under prices.
* Three-month copper on the London Metal Exchange slipped to $7,138, its lowest since last Friday, and was trading at $7,158 a tonne by 0112 GMT, down 0.17 percent from the previous session.
* Prices are easing back towards the lower end of the recent range, challenging a low of $7081.50 a tonne on August 30, which was the weakest in three weeks.
* The most-traded December copper contract on the Shanghai Futures Exchange slipped 0.48 percent to 51,790 yuan ($8,500) a tonne.
* The beginning of the end of the Federal Reserve's determined support for the U.S. economy is expected to come next week when top officials gather for one of the most highly anticipated meetings since the end of the Great Recession.
* Chinese Premier Li Keqiang pledged on Wednesday to push ahead with reforms, with financial system change at the centre of his agenda, noting that the world's second-largest economy was stable but there was a need to guard against risks.
* The world's two biggest aluminium producers are calling on the London Metal Exchange (LME) to boost transparency by releasing more detailed data on long and short positions as well as about who is holding inventories.
* The top copper marketing executive at Rio Tinto Ltd will take over as the head of Oyu Tolgoi, the giant Mongolian copper and gold mine controlled by Rio Tinto, Oyu Tolgoi said on Wednesday.
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* Asian shares eked out small gains and the dollar remained under pressure on growing expectations that the U.S. Federal Reserve's impending stimulus reduction might be smaller than some had believed.
* The dollar struggled at two-week lows against a basket of major currencies early in Asia on Thursday, as markets continued to chip away at its recent gains on growing doubts the Federal Reserve will scale back stimulus in any significant way next week.
0800 Italy Industrial output
0900 Euro zone Industrial production
1200 India Industrial output
1230 U.S. Weekly jobless claims
1230 U.S. Import prices
1600 U.S. World agricultural supply and demand estimates
Three month LME copper
Most active ShFE copper
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
Three month LME tin ($1 = 6.1185 Chinese yuan)
(Reporting by Melanie Burton; Editing by Joseph Radford)