News: OZL METALS-London copper slips amid China holiday, global growth woes

MELBOURNE, Feb 10 (Reuters) - London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices.

FUNDAMENTALS

• Three-month copper on the London Metal Exchange CMCU3 edged down by 0.2 percent to $4,499 a tonne by 0151 GMT, extending 2.2 percent losses from the previous session. Prices struck $4,466.50 a tonne on Tuesday, the weakest since Jan. 26.
• The Shanghai Futures Exchange SCFcv1 is closed for Lunar New Year celebrations and will reopen on Monday.
• European finance ministers will call on the Group of 20 biggest world economies at the end of February to boost global economic growth at a time when a slowdown in China is sending shivers through financial markets.
• U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.
• U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities.
• The CEO of Australia's OZ Minerals (OZL) said on Wednesday that he sees copper treatment and refining charges (TC/RCS) declining in 2016.
• For the top stories in metals and other news, click [TOP/MTL] or [MET/L]

  MARKETS NEWS

• Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight. [MKTS/GLOB]

  DATA/EVENTS No significant data events for metals markets PRICES Three month LME copper CMCU3 Most active ShFE copper SCFcv1 Three month LME aluminium CMAL3 Most active ShFE aluminium SAFcv1 Three month LME zinc CMZN3 Most active ShFE zinc SZNcv1 Three month LME lead CMPB3 Most active ShFE lead SPBcv1 Three month LME nickel CMNI3 Most active ShFE nickel SNIcv1 Three month LME tin CMSN3 Most active ShFE tin SSNcv1