MELBOURNE, March 9 (Reuters) - London copper was facing its third weekly loss on Friday as demand ramps up only slowly following Lunar New Year holidays in China last month, with investors focusing on escalating tensions over U.S. steel and aluminium import tariffs.
* LONDON COPPER: London Metal Exchange copper was trading little changed on Friday at $6838.50 a tonne by 0133 GMT, after 1.7 percent losses in the previous session when prices sank to their weakest since Feb. 12 at $6,809. Prices are set to log a weekly loss of less than 1 percent, meaning they have dropped 5.5 percent so far this year.
* SHANGHAI COPPER: Shanghai Futures Exchange copper fell 1 percent to 51,700 yuan ($8,156) a tonne.
* U.S. DOLLAR: The euro fell on Thursday as European Central Bank President Mario Draghi, while acknowledging faster growth in Europe, said regional inflation remained subdued and rising protectionism is a risk.
* OTHER METALS: It was a mixed session for other LME metals, with lead up 0.8 percent, aluminium up 0.2 percent and nickel down 0.6 percent following a weak start for iron ore.
* TARIFFS: President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries.
* CHINA REACTION: China's commerce ministry said on Friday that it "resolutely opposed" the U.S. tariffs.
* IMF: International Monetary Fund Managing Director Christine Lagarde said on Thursday that she feared a "tit-for-tat" escalation of trade retaliation over the U.S. tariffs that would sap business confidence and investment.
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* Asian stock markets made guarded gains on Friday on news North Korean leader Kim Jong Un had offered to stop nuclear and missile testing and to arrange a meeting with U.S. President Donald Trump.
DATA/EVENT AHEAD (GMT) 0130 China Consumer prices Feb 0130 China Producer prices Feb 0630 Bank of Japan Governor Haruhiko Kuroda speaks to reporters at the end of the central bank policy meetings 0700 Germany Industrial output Jan 0700 Germany Trade data Jan 0745 France Industrial output Jan 1330 U.S. Nonfarm payrolls Feb 1330 U.S. Unemployment rate Feb 1330 Euro zone Employment Q1 1500 U.S. Wholesale sales Jan PRICES
BASE METALS PRICES 0134 GMT Three month LME copper 6839.5 Most active ShFE copper 51750 Three month LME aluminium 2111 Most active ShFE aluminium 14270 Three month LME zinc 3227 Most active ShFE zinc 24925 Three month LME lead 2357.5 Most active ShFE lead 18505 Three month LME nickel 13195 Most active ShFE nickel 100760 Three month LME tin 21495 Most active ShFE tin 146800
BASE METALS ARBITRAGE
LME/SHFE COPPER LMESHFCUc3 1154.04 LME/SHFE ALUMINIUM LMESHFALc3 -1294.3
LME/SHFE ZINC LMESHFZNc3 616.5 LME/SHFE LEAD LMESHFPBc3 226.45 LME/SHFE NICKEL LMESHFNIc3 1641.18
($1 = 6.3389 Chinese yuan renminbi)
(Reporting by Melanie Burton Editing by Joseph Radford)