METALS-London metals upbeat on robust China Nov trade data

(Adds comment and details) MELBOURNE, Dec 11 (Reuters) - London metal prices edged higher on Monday, following robust trade data from China, while zinc rallied as a crackdown on pollution in China dampened growth in mine supply. China's exports and imports unexpectedly accelerated last month in an encouraging sign for the world's second-biggest economy, though analysts expect growth to continue cooling amid a government crackdown on financial risks and polluting factories. Authorities unveiled fresh regulatory measures last month for the financial sector, clamping down on high-risk lending and halting some dubious infrastructure projects that would swell local governments' debt. "Base metal prices... found some support in the Chinese trade data. However, the gains were muted as investors remained cautious leading into the year-end," said ANZ in a report.

* LONDON ZINC: London Metal Exchange zinc rallied 1 percent, pushing back above support at its 100-day moving average (DMA) on concerns of dwindling mine supply.

* ZINC PRODUCTION: China's zinc production fell by 1.1 percent year-on-year in November to 423,000 tonnes, said Antaike. The state-backed research firm expects 2017 production to drop by 60,000 tonnes-80,000 tonnes year-on-year.

* LONDON COPPER: LME copper cut early gains to $6,577 a tonne, by 0442 GMT, still marginally in positive territory, after closing little changed in the previous session and finishing the week down nearly 4 percent. Prices have climbed by 19 percent so far this year, in line with gains in aluminum, zinc and lead.

* COPPER IMPORTS: China's rising copper imports "backs up our view that a tightening copper-concentrate market is pushing many buyers into the refined metal market to satisfy its copper units," said ANZ.

* COPPER SUPPORT. "We've seen good buying support again (on copper) so probably won't run too far lower from here," a Singapore-based trader said.

* SHANGHAI COPPER: Shanghai Futures Exchange copper traded neutral at 51,490 yuan ($7,783) a tonne. Shanghai rebar cuts gains to 1.5 percent, while Dalian iron ore eased to 1.4 percent gains from as much as 4 percent.

* U.S. ECONOMY: U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

* CHINA INFLATION: China's producer price inflation slowed to a four-month low in November as factory activity softened due to the government's efforts to curb pollution, cooling demand from factories for raw materials.

* TAXES: The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, an aide to the parliament speaker said.

* INVESTORS: Speculators slashed their long positions on COMEX copper futures and options by around a third to 54,881 positions in the latest week, Comex data showed.


0440 GMT

Three month LME copper 6577.5 Most active ShFE copper 51490 Three month LME aluminum 2015.5 Most active ShFE aluminum 14260 Three month LME zinc 3103 Most active ShFE zinc 24770 Three month LME lead 2452.5 Most active ShFE lead 18450 Three month LME nickel 10900 Most active ShFE nickel 87880 Three month LME tin 19405 Most active ShFE tin 138340 LME/SHFE COPPER LMESHFCUc3 713.06 LME/SHFE ALUMINIUM LMESHFALc3 -1230.3





($1 = 6.6165 Chinese yuan)

(Reporting by Melanie Burton; Editing by Joseph Radford and Sherry Jacob-Phillips)