SINGAPORE, July 16 (Reuters) - Copper prices took a break from a strong rally on Tuesday after positive industrial output and investment data from top consumer China sent prices to a two-week high in the previous session.
Three-month copper on the London Metal Exchange was almost unchanged at $5,985.50 a tonne by 0229 GMT, while the most-traded copper contract on the Shanghai Futures Exchange advanced 0.3% to 46,930 yuan ($6,827.17) a tonne.
Better-than-expected industrial output and fixed asset investment data from China released on Monday sent prices of most base metals higher, with copper touching its highest since July 1.
* London aluminium dipped 0.1%, nickel was down 0.1% and zinc fell 0.6%. In Shanghai, aluminium rose 0.1%, nickel climbed 1.7% while zinc eased 0.2%.
* Protesters blocked a portion of Peru’s main coastal highway on Monday in the start of a new challenge to Southern Copper Corp’s $1.4 billion Tia Maria copper mine project that has been a lightning rod for conflict.
* Rio Tinto on Tuesday flagged a cost blowout of up to $1.9 billion and a delay of up to 30 months at its Oyu Tolgoi underground copper mine in Mongolia, the miner’s key growth project.
* U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along.
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* Asian shares inched up as traders awaited U.S. retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut by the end of the month.
0830 UK Claimant Count Unemployment Chng June
0830 UK ILO Unemployment Rate May
0900 Germany ZEW Economic Sentiment July
0900 Germany ZEW Current Conditions July
1230 US Retail Sales MM June
1315 US Industrial Production MM June
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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 = 6.8740 Chinese yuan renminbi)
Reporting by Mai Nguyen; editing by Richard Pullin