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METALS-Shanghai copper falls as China reports slowing factory growth

SYDNEY, Dec 1 (Reuters) - Shanghai metals futures were mixed on Friday, with copper starting the month in negative territory after China, the world's biggest consumer of the metal, reporting that factory growth slowed in November.

FUNDAMENTALS

* Three-month copper on the London Metal Exchange was also weaker slipping modestly to $6,759 a tonne by 0153 GMT, after trading flat in the previous session.

* The most-traded copper contract on the Shanghai Futures Exchange dropped 0.11 percent to 52,700 yuan ($7,975) a tonne. The decline left copper priced 3 percent lower than at the close of trade Nov. 1.

* WEAK DATA: Copper was dented after the release of the Caixin/Markit Manufacturing Purchasing Manager's Index (PMI) showed China's manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence.

* RISING THREAT: China's rising copper output and concerns of a slowdown in its real estate market may lead investors to exit big bullish bets in the copper market, leading to a double-digit percentage drop in prices.

* CODELCO: Chile's Codelco will soon sell its first copper cathodes with pricing that takes into account the environmental footprint of production.

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MARKETS NEWS

* Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on U.S. tax legislation as investors waited for the Senate's vote, while higher U.S. Treasury yields underpinned the dollar.

DATA AHEAD (GMT)

0100 China Official manufacturing PMI Nov 0100 China Official non-manufacturing PMI Nov 0700 Germany Retail sales Oct 0745 France Producer prices Oct 0900 Germany Unemployment rate Nov 1000 Euro zone Inflation Nov 1000 Euro zone Unemployment rate Nov 1330 U.S. Weekly jobless claims 1330 U.S. Personal income Oct 1445 U.S. Chicago PMI Nov

PRICES

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 = 6.6081 Chinese yuan renminbi)

(Reporting by James Regan; Editing by Christian Schmollinger)