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METALS-Shanghai metals tumble on cooling China industrial production

MELBOURNE, Nov 15 (Reuters) - Shanghai nickel and zinc tumbled alongside steel on Wednesday, extending losses from the previous session, in the wake of slowing industrial production growth in China. "The selloff appeared to be sparked by the weaker-than-expected Chinese industrial production and fixed asset investment data ... Both series showed a slowing of growth in the Chinese economy," said ANZ in a report.

FUNDAMENTALS

* China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution.

* Shanghai Futures Exchange nickel slid by limit down of 6 pct, as it corrects from a one-year peak hit on Nov 6. Shfe zinc, used in galvanizing, slid 3 percent as did its sister metal lead.

* The gains piled pressure on other metals with Shanghai copper falling 2.5 pct and aluminum down 0.7 percent.

* LME: Similar losses were seen in London, with LME nickel falling nearly 1 percent, following losses of more than 5 percent in the previous session. Other metals fell around half a percent. LME copper slipped 0.2 pct to $6,746 a tonne.

* ALUMINIUM M&A: Zhongwang USA, an investment firm backed by a Chinese tycoon, has called off its planned acquisition of U.S. aluminum maker Aleris Corp after failing to win U.S. government approval, the companies said on Monday.

* EURO ECONOMY: The euro zone's annual economic growth rate outstripped that of the United States in the third quarter, setting up 2017 as the best year for the currency area since financial markets crashed a decade ago.

* BATTERIES: Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a $2 billion IPO in Shenzhen, aiming to boost its financial muscle amid a global battle for a share of the country's fast-growing electric car market.

* REBAR: Shanghai rebar prices fell more than 4 percent.

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MARKETS NEWS

* Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.

PRICES

BASE METALS PRICES 0152 GMT Three month LME 6742.5

copper

Most active ShFE 52880

copper

Three month LME 2093

aluminum

Most active ShFE 15455

aluminum

Three month LME 3143

zinc

Most active ShFE 25140

zinc

Three month LME 2462

lead

Most active ShFE 18650

lead

Three month LME 11730

nickel

Most active ShFE 95090

nickel

Three month LME tin 19365 Most active ShFE 142560

tin

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 698.25 LME/SHFE ALUMINIUM LMESHFALc3 -656.28 LME/SHFE ZINC LMESHFZNc3 516.11 LME/SHFE LEAD LMESHFPBc3 -992.67 LME/SHFE NICKEL LMESHFNIc3 2714.25

(Reporting by Melanie Burton; Editing by Vyas Mohan)