METALS-London copper faces 3rd week of losses as China demand ebbs

SYDNEY, June 13 (Reuters) - London copper edged up on Friday but was still set for its third-straight weekly loss as seasonally strong demand from China passes its peak and on concerns about the pace of growth in the world's No.2 economy.


* Three-month copper on the London Metal Exchange had inched up 0.3 percent to $6,636.50 a tonne by 0139 GMT, from the previous session when it closed down 1 percent and dropped to a six-week low of $6,620 a tonne.

* The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 47,510 yuan ($7,600) a tonne.

* ShFE zinc also slid 1.5 percent, tracking overnight losses in London that were fuelled by technical selling.

* U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam.

* Euro zone industrial output rebounded with a twice-as-strong as expected monthly rise in April thanks to energy and non-durable goods production, official data showed on Thursday, pointing to an acceleration of economic growth in the second quarter.

* China's new bank lending and money supply rose faster than expected in May, as the government ramps up policy stimulus measures to energise a slowing economy.

* The chief executives of Freeport McMoRan Copper & Gold Inc and Newmont Mining Corp are both in Indonesia's capital, marking what might be a last-ditch effort to resolve a dispute over a mineral export tax before a new administration takes over in October.

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* Asian equities fell and crude oil hovered near nine-month highs early on Friday.


0530 China Industrial output May

0530 China Retail sales May 0530 China Urban investment May

0900 Euro zone Employment Q1

0900 Euro zone Eurostat trade April

1355 U.S. Univ of Michigan sentiment index June


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 = 6.2111 Chinese Yuan Renminbi)

(Reporting by Melanie Burton; Editing by Joseph Radford)