BEIJING, Dec 6 (Reuters) - Shanghai copper fell more than 3...

BEIJING, Dec 6 (Reuters) - Shanghai copper fell more than 3 percent in early trade on Wednesday, tracking London prices which the session before saw their biggest drop since July, 2015.

FUNDAMENTALS

• SHFE COPPER: The most-traded Shanghai Futures Exchange copper contract SCFcv1 was down 3.2 percent at 51,350 yuan ($7,758.44) a tonne at 0158 GMT, on course for its biggest one-day fall since November, 2016.
• LME COPPER: Three-month copper on the London Metal Exchange CMCU3 was trading up 0.2 percent at $6,566 a tonne, having plummeted 4.2 percent on Tuesday as inventories rose and the dollar firmed.
• NICKEL: Shanghai nickel was down 4 percent, tracking a 4.6-percent fall on the LME CMNI3 in the previous session to the metal's lowest level in nearly two months.
• OTHER METALS: ShFE zinc SZNcv1 slipped 2.2 percent, aluminium SAFcv1 was down 1.5 percent and lead SPBcv1 lost 1.8 percent amid a broad plunge in base metals.

  METALS NEWS

• COPPER: Indonesia said on Tuesday it planned to acquire Rio Tinto's (RIO), stake in the Grasberg copper mine operated by Freeport-McMoRan Inc , potentially solving a drawn-out problem for all three parties.
• BATTERIES: Glencore has increased production of metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis.
• VIETNAM: The U.S. Commerce Department on Tuesday slapped steep import duties on steel products from Vietnam that originated from Chinese-made steel.

  For the top stories in metals and other news, click [TOP/MTL] or [MET/L]

  MARKETS NEWS

• Asian stocks slipped on Wednesday, pressured by losses on Wall Street as the technology sector stuttered yet again after a brief rebound, while the dollar sagged on lower long-term U.S. yields. [MKTS/GLOB]

  DATA AHEAD (GMT) 0700 Germany Industrial orders Oct 1315 U.S. ADP national employment

  PRICES BASE METALS PRICES 0158 GMT Three month LME copper CMCU3 6556 Most active ShFE copper SCFcv1 51350 Three month LME aluminium CMAL3 2053 Most active ShFE aluminium SAFcv1 14360 Three month LME zinc CMZN3 3096.5 Most active ShFE zinc SZNcv1 24750 Three month LME lead CMPB3 2480 Most active ShFE lead SPBcv1 18625 Three month LME nickel CMNI3 10860 Most active ShFE nickel SNIcv1 87980 Three month LME tin CMSN3 19410 Most active ShFE tin SSNcv1 139920 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 693.92 LME/SHFE ALUMINIUM LMESHFALc3 -1333.89 LME/SHFE ZINC LMESHFZNc3 337.46 LME/SHFE LEAD LMESHFPBc3 -1178.49 LME/SHFE NICKEL LMESHFNIc3 2754.6

($1 = 6.6186 Chinese yuan renminbi)

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