(Updates throughout, moves dateline from Melbourne)
LONDON, Nov 29 (Reuters) - Copper prices moved lower for a third day and most other industrial metals also fell as concerns over demand from top consumer China and declining oil prices pushed investors to sell.
"There is higher risk aversion among market participants, with the oil price down as well, and there are lingering concerns about China," said Commerzbank analyst Daniel Briesemann.
"There are worries over China's economy and rising (U.S.) interest rates, which are seen as a sign of tighter liquidity," he said, predicting that metals prices would fall further.
COPPER: Benchmark copper on the London Metal Exchange was down 0.6 percent at $6,767.50 a tonne at 1105 GMT after hitting $6,761, the lowest since Nov 20. The metal used in power and construction is down 3.3 percent from Friday's close.
TECHNICALS: Copper moved below its 50-day moving average at around $6,798.
LME STOCKS: Headline inventories in LME-registered warehouses fell by 4,950 tonnes to 191,725 tonnes, the lowest since July 2016 and down around 40 percent from a high of 313,850 in September, supporting prices. <MCUSTX-TOTAL>
SHFE STOCKS: Copper stocks in Shanghai Futures Exchange warehouses have however risen by around 60,000 tonnes since September, reducing fears of shortages. <CU-STX-SGH>
SUPPLIES: The global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the biggest producer and consumer of metals, remains strong, copper company executives said.
CHINA SMELTERS: China's environmental crackdown is the "biggest uncertainty" facing the nation's copper smelters, said an executive from Jiangxi Copper Co.
CHINA ECONOMY: Economic growth in China has shown signs of slowing and blue-chip stocks were sold off in the last week.
PERU OUTPUT: Peru, the world's No. 2 copper producer, will likely churn out 2.5 million tonnes of copper in 2018 and some 3 million tonnes in 2021, the vice minister of mining said.
OIL: Crude prices fell for a third day ahead of a summit this week at which OPEC and Russia look set to prolong supply cuts until the end of 2018.
RATES: The U.S. Federal Reserve is expected to raise interest rates in December and again several times in 2018 as it seeks to bring an end to a decade of cheap money.
ALUMINIUM: The U.S. launched an aggressive new trade action against China on Tuesday, opening the first U.S. government-initiated anti-subsidy and anti-dumping probes in decades into imports of Chinese aluminium alloy sheet.
PRICES: LME aluminium was down 1.3 percent at $2,075.50 a tonne, nickel was 0.2 percent lower at 11,325, zinc had lost 0.9 percent to $3,130, lead was up 0.3 percent at $2,433 and tin was 0.4 percent lower at $19,480.
(Additional reporting by Melanie Burton; Editing by Elaine Hardcastle)