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METALS--London copper rises to one-week high as China trade gains

(Adds comment, detail, updates prices) MELBOURNE, June 8 (Reuters) - London copper rose to a one-week high on Tuesday after China trade improved in May which alleviated concerns over the health of the world's second-biggest economy. China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market. China's unwrought copper arrivals also jumped from a month earlier, making up for a drop in concentrate imports that had been impacted by supply disruptions in Indonesia and Chile.

"Refined copper imports tend to increase when there is limited availability of concentrate, so the decrease in concentrate supply could be the result of a lingering effect from the strike in Chile and supply disruptions at Freeport in Indonesia," said analyst Amy Li of National Australia Bank in Melbourne.

FUNDAMENTALS

* COPPER: London Metal Exchange copper climbed by 0.8 percent to $5,664 a tonne by 0456 GMT, after closing little changed in the previous session. Prices are stuck in a range between the 100- and 200-day moving averages of $5,474 and $5,780 a tonne.

* SHANGHAI: Shanghai Futures Exchange copper climbed by 0.4 percent to 45,190 yuan ($6,650) a tonne.

* TIN: Other metals also climbed just shy of 1 percent, including LME tin which recovered from a 1.9 percent drop in the previous session.

* UK ELECTION: British Prime Minister Theresa May faces the voters on Thursday in an election she called to strengthen her hand in looming Brexit talks, with her personal authority at stake.

* JAPAN: Japan's economic growth in the January-March period was severely revised down from the original estimate because of a downward adjustment in business inventories, the Cabinet Office said, underscoring the fragility of its export-led expansion.

* NICKEL: Global nickel miners are coming under renewed pressure to cut costs or close capacity as a flood of cheap ore pushes prices to one-year lows, with analysts seeing little prospect of recovery.

* MARKETS: Asian shares wobbled in early Thursday trade as investors braced for any surprises from former Federal Bureau of Investigation director James Comey's congressional appearance, the European Central Bank's policy meeting and the UK general elections. 1/8MKTS/GLOB* COMING UP: ECB announces outcome of policy meeting

BASE METALS PRICES 0455 GMT Three month LME copper 5663.5 Most active ShFE copper 45190 Three month LME aluminum 1911 Most active ShFE aluminum 13790 Three month LME zinc 2464.5 Most active ShFE zinc 21400 Three month LME lead 2080 Most active ShFE lead 16620 Three month LME nickel 8890 Most active ShFE nickel 73250 Three month LME tin 19475 Most active ShFE tin 142150

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 207.31 LME/SHFE ALUMINIUM LMESHFALc3 -1274.52 LME/SHFE ZINC LMESHFZNc3 593.66 LME/SHFE LEAD LMESHFPBc3 -439.41 LME/SHFE NICKEL LMESHFNIc3 1768.64

($1 = 6.7950 Chinese yuan renminbi)

($1 = 6.7952 Chinese yuan renminbi)

(Reporting by Melanie Burton; Editing by Richard Pullin and Christian Schmollinger)