London copper hovers near lowest in a fortnight amid…

MELBOURNE, Sept 4 – London metal prices steadied on Tuesday, but a trade dispute between China and the United States chilled factory activity in August and tempered appetite for metals.

FUNDAMENTALS

* COPPER: Benchmark copper London Metal Exchange on Tuesday hit its weakest in nearly two weeks at $5,935 a tonne before steadying to trade flat at $5,968 a tonne, after closing little changed the session before. Shanghai Futures Exchange copper fell 0.4 percent to 47,970 yuan ($7,034) a tonne.

* SHFE: Other ShFE metals were also weaker, with nickel , zinc and tin all down around 1 percent.

* FACTORIES: Manufacturing activity took a hit from weak orders in August, surveys showed, a sign firms are feeling the pinch from the intensifying trade war between the Sino-U.S. trade war that could derail global growth.

* COPPER: Chilean state miner Codelco halted the operations of three out of four furnaces at its Ventanas copper foundry on Monday morning after high levels of sulphur dioxide were detected, it said in a statement.

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MARKETS NEWS

* Asian shares fell in early trade on Tuesday, amid growing concerns on the escalating disputes over international trade and as emergency austerity measures in Argentina highlighted turbulence in emerging markets.

PRICES

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 = 6.8200 Chinese yuan renminbi)

(Reporting by Melanie Burton Editing by Joseph Radford)

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