MELBOURNE, Sept 6 (Reuters) - London copper on Wednesday eased from three-year highs touched the day before on the back of strong factory growth in China, with investors booking profits amid ongoing tensions over North Korea.
* LONDON COPPER: London Metal Exchange copper had eased 0.3 percent to $6,880 a tonne by 0155 GMT. It finished a tad weaker on Tuesday after earlier climbing to a three-year peak of $6,970 a tonne.
* SHANGHAI COPPER: Shanghai Futures Exchange copper eased 0.7 percent to 52,980 yuan ($8,116) a tonne.
* GOLDMAN OUTLOOK: Goldman Sachs said in a report that "momentum and technicals are pointing to further upside risks in copper prices." Chart analysis suggests a target at $7,350 a tonne compared to a fair value of $6,200, it said.
"While we expect copper prices to come down over the next 6-12 months to be in line with fundamentals, they are likely to remain volatile in the near-term," Goldman added.
* NORTH KOREA TENSIONS: A top North Korean diplomat on Tuesday warned that his country is ready to send "more gift packages" to the United States as world powers struggled for a response to Pyongyang's latest nuclear weapons test.
* U.S. RATES: The Federal Reserve is getting more dovish in the face of weak inflation data, reducing the likelihood of a third rate hike this year, which traders already see as very unlikely.
* CHINA STEEL: Steel prices were softer in Shanghai, spilling across to input materials nickel and zinc. Shanghai nickel fell 1.7 percent, while ShFE zinc dropped 3.5 percent and sister metal lead retraced 2.6 percent.
* CHINA LEAD MARKET: The China mainland market for lead is tightening, which can be seen in a rising front-month ShFE lead contract against the three-month contract, while the arbitrage turned positive for imports around mid-August. China has been shutting down lead smelters as part of its environmental inspections.
* BRICS: Chinese President Xi Jinping on Tuesday urged BRICS nations to deepen coordination on global matters, and push for a more "just" world order, by boosting representation for emerging and developing countries in international bodies.
* TECK: A unit of Chinese sovereign wealth fund China Investment Corp (CIC), a cornerstone shareholder of Teck Resources Ltd, has sold around 41.5 percent of its stake in the Canadian miner, Teck said on Tuesday, sending its shares tumbling.
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* Asian stocks tracked Wall Street's slide overnight to slip on Wednesday, while the dollar was on the defensive with tensions in the Korean Peninsula showing little signs of abating.
0600 Germany Industrial orders Jul
1230 U.S. International trade Jul
1400 U.S. ISM non-manufacturing PMI Aug
1800 Federal Reserve issues
Three month LME copper
Most active ShFE copper
Three month LME aluminum
Most active ShFE aluminum
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 = 6.5275 Chinese yuan renminbi)
(Reporting by Melanie Burton; Editing by Joseph Radford)