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SINGAPORE, Jan 21 (Reuters) - London copper prices slid on Monday, on course to fall for the first time in five sessions, amid concerns over slowing economic growth in top industrial metals consumer China.
China's economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years.
Signs of further cooling in China -- which has generated nearly a third of global growth in recent years -- are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.
COPPER: Three-month copper on the London Metal Exchange had dropped 0.2 percent to $6,037.50 a tonne by 0400 GMT, while the most-traded copper contract on the Shanghai Futures Exchange added 0.6 percent to 47,930 yuan ($7,061.61) a tonne.
MILESTONE: LME copper climbed to its highest since Dec. 28 on Friday on signs the trade dispute between the United States and China could be easing.
TRUMP: U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports.
DATA: "The Chinese GDP data is key driver in the market today although it is not that bad," said Helen Lau, an analyst at Argonaut Securities in Hong Kong. "U.S.-China trade talks are getting important that will impact the sentiment."
TARIFFS: The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports.
ALUMINIUM: China's primary aluminium output defied low prices to rise for a second straight month to a record high in December, while 2018 annual output was also a record, official data showed on Monday.
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
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 = 6.7874 Chinese yuan)
(Reporting by Naveen Thukral; Editing by Joseph Radford and Shreejay Sinha)