MANILA, Nov 17 (Reuters) - London copper futures dropped for a...

MANILA, Nov 17 (Reuters) - London copper futures dropped for a third session on Thursday as the dollar stayed near a 13-year high, while investors cast doubt on the sustainability of last week's rally that lifted the industrial metal to its strongest since June 2015.

FUNDAMENTALS

• Three-month copper on the London Metal Exchange CMCU3 was off 0.3 percent at $5,418 a tonne by 0128 GMT. The metal on Nov.11 touched its highest since June 2015 at $6,025.50.
• The most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 dropped 1 percent to 43,750 yuan ($6,362) a tonne.
• The global copper market will be oversupplied for at least two years, executives at some of the world's major producers of the metal and traders said on Wednesday, casting doubt on the chances of a prolonged rally in prices.
• Investors who sent copper to a 17-month peak on hopes for a splurge of U.S. infrastructure spending by Donald Trump may end up underwhelmed given that the plans, even if successful, would add only modestly to world demand.
• Global miner Anglo American said it was suspending all operations at its Los Bronces copper mine in central Chile after protesters seized installations at the mine earlier in the day.
• Rio Tinto (RIO) has axed two of its top 10 executives amid an investigation over around $10 million in payments to a consultant who helped it secure rights to develop the world's largest untapped iron ore reserves in Guinea.

• Freeport-McMoRan Inc said it had completed the $2.65 billion sale of its stake in the Democratic Republic of Congo's Tenke mine, as chief executive Richard Adkerson said he hoped negotiations would resolve the state miner's opposition to the deal.
• For the top stories in metals and other news, click [TOP/MTL] or [MET/L]

  MARKETS NEWS

• The dollar stayed not far below a 13-year high against a basket of currencies on bets the Trump administration will adopt inflationary policies. Asian stocks slipped following losses in U.S. equities. [USD/] [MKTS/GLOB]

  DATA/EVENT AHEAD (GMT) 0930 U.K. Retail sales Oct

  1000 Euro zone Consumer price index Oct

	1330   U.S.		Consumer price index				  Oct 
	1330   U.S.		Philadelphia Fed business index	   Nov 
	1330   U.S.		Housing starts						Oct 
	1330   U.S.		Building permits					  Oct 
	1330   U.S.		Weekly jobless claims 
	1500   Federal Reserve Chair Janet Yellen testifies on the 

		   economic outlook before the U.S. congressional joint 
		   economic committee 
	 
	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		  
($1 = 6.8770 Chinese yuan)