METALS-London copper climbs away from $7,000 level

MELBOURNE, Jan 22 (Reuters) - London copper climbed up on Monday from the $7,000 level that has marked support so far this year, as an upbeat mood at Japanese manufacturers added to a brightening picture for global metals demand.


* COPPER: London Metal Exchange copper rose by 0.6 percent to $7,081 a tonne by 0213 GMT, reversing losses from the previous session. Prices last week edged down to $7,027, with the $7,000 as yet unbroken this year. Shanghai Futures Exchange copper cut early losses to trade down just 0.1 percent at 53,660 yuan ($8,380) a tonne.

* JAPAN: Confidence among Japanese manufacturers jumped in January to an 11-year high, the Reuters Tankan poll showed on Monday, highlighting corporate optimism driven by nearly two years of uninterrupted economic expansion and a buoyant stock market.

* ZINC, LEAD: LME zinc and lead edged down from 10-year and 6-year peaks respectively on Friday.

* USD: The dollar hovered near three year lows even after San Francisco Federal Reserve Bank President John Williams said he the U.S. central bank should continue to raise rates at a gradual pace during 2018.

* CHINA GDP: China's better-than-expected economic growth in the fourth quarter of last year was supported by continued strength in the services industry and an expanding agricultural sector, official data published on Friday showed.

* COPPER STOCKS: Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 5.3 percent from last Friday.

* CHINA POWER: China's power consumption for all of 2017 rose 6.6 percent from a year earlier to 6.31 trillion kilowatt hours (kWh), according to data published by the National Energy Administration (NEA) on Monday.

* CHINA POLLUTION: China will impose "special emissions restrictions" on enterprises in major industrial sectors in northern China later this year, as it bids to ensure its war on pollution continues once a tough winter anti-smog campaign ends in March.

* U.S. ALUMINIUM: The U.S. Commerce Department has sent President Donald Trump the results of its national security probe into aluminum imports, Trump administration officials said on Sunday, while declining to disclose details.

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* Financial markets in the United States and Asian stocks took a knock early on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration.

DATA AHEAD (GMT) 1330 U.S. National activity index Dec PRICES

BASE METALS PRICES 0153 GMT Three month LME copper 7080.5 Most active ShFE copper 53690 Three month LME aluminium 2219.5 Most active ShFE aluminium 14640 Three month LME zinc 3409 Most active ShFE zinc 26135 Three month LME lead 2583 Most active ShFE lead 19345 Three month LME nickel 12735 Most active ShFE nickel 98500 Three month LME tin 0 Most active ShFE tin 145860



($1 = 6.4030 Chinese yuan renminbi)

(Reporting by Melanie Burton; editing by Richard Pullin)