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METALS-Copper steady as U.S. dollar struggles to recover

SYDNEY, July 25 (Reuters) - Copper held overnight gains in early Asian trading on Tuesday, as the U.S. dollar made only a modest recovery from its lowest point in more than a year. The dollar is near 13-month lows, leaving dollar-denominated commodities such as copper cheaper for holders of other currencies.

FUNDAMENTALS

* LME COPPER: Three-month copper on the London Metal Exchange was little changed at $6,030.50 a tonne by 0100 GMT, after a 0.4 percent gain in the previous session.

* SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange rose 0.2 percent to 47,960 yuan ($7,106.45) a tonne.

* ANTOFAGASTA: Copper miner Antofagasta has signed a wage deal with workers at its Zaldivar deposit in Chile, the company and the union said on Monday, averting threatened labor action.

* SUPPLY: Disruptions to copper shipments from Canada and Chile have undermined expectations for rising global copper supplies in the second half of the year, cutting the fees that smelters charge miners to process metal.

* Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis.

* Glencore PlC has signed an agreement to invest up to 66 million reais ($21 million) into Brazilian copper producer Paranapanema SA, the Brazilian firm said in a securities filing.

CHINA IMPORTS: Data on Monday showed imports of copper fell 11 percent in June year-on-year to 1,444 tonnes.

* INDONESIA STRIKE: An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month in a dispute over layoffs and employment terms.

* NICKEL: ShFe nickel was up more than 1.5 percent, while LME nickel retreated by 0.13 percent.

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MARKETS NEWS

* The U.S. dollar rose from its lowest in more than a year and U.S. Treasury yields climbed on Monday as investors braced for news from this week's U.S. central bank meeting and possible hints on when the next interest rate hike is coming.

DATA/EVENTS

0600 Germany Import prices June 0800 Germany IFO business climate index July 1300 U.S. Home price index May 1300 U.S. S&P Case-Shiller home prices May 1400 U.S. Richmond Fed manufacturing index July 1400 U.S. Consumer confidence index July

PRICES

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

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

ARBS ($1 = 6.7488 Chinese yuan renminbi)

(Reporting by James Regan; Editing by Richard Pullin)