Wires

METALS-LME base metals rise on hopes for U.S.-China trade deal

SINGAPORE, Nov 15 (Reuters) - Base metals prices in London broadly rose on Friday as signs of progress in the U.S.-China trade talks raised hopes for an interim deal that could help demand for industrial metals.

The United States and China are getting close to a trade agreement as talks are "very constructive," White House economic adviser Larry Kudlow said on Thursday.

Three-month copper on the London Metal Exchange (LME) rose 0.6% to $5,844.50 a tonne by 0226 GMT, reversing a streak of five losses, while aluminum advanced 0.5%, zinc rallied 0.4% and lead increased 0.4%.

FUNDAMENTALS

* COPPER STOCKS: Copper stocks on LME-approved warehouses fell to a five-month low, while inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) picked up last month but are still down 43% from a 2019 peak in March. <MCUSTX-TOTAL> <CU-STX-SGH>

* CHINA: China and the United States are holding "in-depth" discussions on a first phase trade agreement, and canceling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday.

* ALUMINA: Aluminum Corp of China Ltd , known as Chalco, is set to make its first shipment from Boffa's bauxite mine in Guinea by early-December, an official from state parent company Chinalco said on Thursday.

* SHFE PRICES: ShFE's most-traded copper contract dipped 0.2% to 46,880 yuan ($6,702.79) a tonne, tracking losses overnight in London, aluminum eased 0.1%, nickel dropped 0.6% and lead declined 0.2%.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian equities rose after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy.

DATA/EVENTS (GMT)

1000 EU HICP Final MM, YY Oct

1100 EU Reserve Assets Total Oct

1330 US Retail Sales MM Oct

1415 US Industrial Production MM Oct

PRICES

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 = 6.9941 yuan) (Reporting by Mai Nguyen; Editing by Shailesh Kuber)