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SINGAPORE, May 31 (Reuters) - Copper prices in London rebounded on Friday over supply concerns, but were still on track for a seventh consecutive week of falls due to a weaker demand outlook as global trade tensions rise.
Benchmark three-month copper on the London Metal Exchange rose 0.3% to $5,871.50 a tonne at 0204 GMT, but was down 1.4% for the week. The metal has fallen 9.5% over the past seven weeks.
Disruptions in top copper producer Chile, political and power problems in Zambia and restrictions on scrap imports into China are expected to weigh on copper supplies and likely lead to a tighter market in the second half of 2019.
Chile's Codelco, the world's top copper miner, reported an 18% year-on-year drop in its first-quarter copper output on Thursday to just 342,000 tonnes, and its pre-tax profit fell 31% to $372 million from the same period in 2018.
U.S. President Donald Trump on Thursday stoked global recession fears by slapping a 5% tariff on all goods from Mexico from June 10 until illegal immigration is stopped. The tariff would gradually increase to 25% by Oct. 1.
Chinese data released on Friday showed a disappointing performance in the manufacturing sector in May, adding to pressure on Beijing to roll out stimulus measures to support its economy hit by a trade war with the United States.
* Three-month aluminum in London rose 0.3%, nickel fell 0.4%, and lead advanced 0.2%.
* In Shanghai, copper fell 0.3% to 46,460 yuan ($6,724.66) a tonne, aluminum edged up 0.1%, nickel rose 0.3% and zinc advanced 0.6%.
* The Philippines' nickel ore production in the first quarter rose 3% from a year earlier to 2.97 million dry metric tonnes, despite zero output from more than half of the country's 28 mines, the government said on Thursday.
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* Asian shares sank and sovereign bonds surged as investors feared U.S. President Donald Trump's shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
0600 UK Nationwide House Price MM YY May
1200 Germany CPI Prelim YY May
1200 Germany HICP Prelim YY May
1200 India GDP Quarterly YY Q4
1230 US Consumption, Adjusted April
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 = 6.9089 Chinese yuan renminbi)
(Reporting by Mai Nguyen; editing by Richard Pullin)