MELBOURNE, Nov 6 (Reuters) - London copper edged higher on Monday, supported by upbeat seniment over potential demand for electric vehicles, but was facing some headwinds from a firm dollar.
* LME COPPER: London Metal Exchange copper rose 0.3 percent to $6,918 a tonne by 0158 GMT, paring losses from the previous session. Copper prices have climbed by 6.7 percent so far this quarter and are eying a sixth straight quarter of growth.
* SHFE COPPER: Shanghai Futures Exchange copper edged down 0.2 percent to 54,350 yuan ($8,190) a tonne.
* NICKEL: London nickel prices were up 0.8 percent and close to two-year highs struck last week above $13,000 a tonne. Shanghai nickel earlier struck its highest in a year, up 2.1 percent.
* USD: The dollar was at the top of its recent range, offering up some headwinds for metals on expectations that the Federal Reserve will raise interest rates again next month and tighten further into 2018 following encouraging economic reports.
* JAPAN ECONOMY: Japan's services sector grew at the fastest pace in more than two years in October as new orders accelerated sharply, suggesting the economy is picking up momentum in the fourth quarter.
* COPPER INVESTORS: Hedge funds and money managers reduced their net long position in COMEX copper contracts in the week to Oct. 31, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.
* LME: The launch of new base metals trading platform NFEx could be pushed back from the first quarter of 2018 as potential users are still busy getting their systems ready for new European Union rules, the company's chief operating officer said.
* ZINC: China's Xiamen authorities seized over 1,400 tonnes of imported zinc waste recently, state media China News Service reported on Sunday, its biggest seizure to date after launching a campaign against foreign waste harmful to the environment in March.
* US ECONOMY: The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they routinely make between related business units.
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* Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focussed on U.S. President Donald Trump's tour of Asia this week.
* The following data is expected on Monday: (Time in GMT)
- 0900 Euro Zone Markit Serv Final PMI Oct BASE METALS PRICES 0209 GMT Three month LME copper 6925.5 Most active ShFE copper 54320 Three month LME aluminium 2175 Most active ShFE aluminium 16110 Three month LME zinc 3222 Most active ShFE zinc 25840 Three month LME lead 2468.5 Most active ShFE lead 18660 Three month LME nickel 12835 Most active ShFE nickel 102680 Three month LME tin 0 Most active ShFE tin 144080
BASE METALS ARBITRAGE
LME/SHFE COPPER LMESHFCUc3 682.07 LME/SHFE ALUMINIUM LMESHFALc3 -668.6
LME/SHFE ZINC LMESHFZNc3 566.15 LME/SHFE LEAD LMESHFPBc3 -1021.
LME/SHFE NICKEL LMESHFNIc3 2086.6
($1 = 6.6360 Chinese yuan renminbi)
(Reporting by Melanie Burton; Editing by Richard Pullin)