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METALS-Shanghai copper defies disappointing China data, ends higher

(Updates prices)

SYDNEY, Dec 1 (Reuters) - Shanghai metals futures ended mixed on Friday, with copper starting the month on a slightly positive note despite China, the world's biggest consumer of the metal, reporting a slowdown in November manufacturing growth.

FUNDAMENTALS

* The most-traded copper contract on the Shanghai Futures Exchange closed 0.27 percent higher at to 52,900 yuan ($8,001.33) a tonne.

* Three-month copper on the London Metal Exchange was also up modestly to $6,770 a tonne by 0700 GMT, after trading flat in the previous session.

* 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.

* ASIA MANUFACTURING: Asia's major manufacturing economies saw their fastest expansion in factory activity in years last month, driven by robust demand for electronics and firming the case for central banks in the region to shift to tighter monetary policy next year.

NICKEL MIXED: ShFE nickel ended 1.54 percent lower, while LME nickel was modestly higher at $11,180 a tonne.

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 = 6.6114 Chinese yuan renminbi)

(Reporting by James Regan; Editing by Christian Schmollinger and Vyas Mohan)