HANOI, Jan 6 (Reuters) - Copper prices rose on Wednesday, as investors eyed more policy support in the United States amid chances that Democrats could take over control of the crucial Senate chamber.

Democrats and Republicans were neck-and-neck in two critical U.S. Senate races on Tuesday as votes were counted in Georgia contests.

A Democrats-controlled Senate is seen to likely pass larger potential stimulus budgets in the world's biggest economy. Copper is often used as a gauge of global economic health.

Three-month copper on the London Metal Exchange rose 0.4% to $8,037.50 a tonne by 0402 GMT, while the most-traded February copper contract on the Shanghai Futures Exchange increased 1.5% to 58,930 yuan ($9,125.54) a tonne.

LME aluminium advanced 0.2% to $2,044 a tonne while nickel fell 0.4% to $17,615 a tonne and zinc rose 0.8% to $2,834 a tonne.

ShFE aluminium declined 0.3% to 15,415 yuan a tonne, while zinc increased 1.4% to 21,330 yuan a tonne.

FUNDAMENTALS

* Chile's state-owned copper miner Codelco approved a $1.383-billion budget for the overhaul of its aging Salvador mine.

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MARKETS NEWS

* Global stock prices slipped and U.S. bond yields rose on Wednesday as investors braced for the prospect that Democrats could take control of U.S. Senate.

DATA/EVENTS (GMT)

0500 India IHS Markit Svcs PMI Dec

0700 UK Reserve Assets Total Dec

0745 France CPI (EU Norm) Prelim YY Dec

0850 France Markit Svcs, Comp PMIs Dec

0855 Germany Markit Svcs PMI Dec

0855 Germany Markit Comp Final PMI Dec

0900 EU Markit Serv, Comp Final PMIs Dec

1300 Germany CPI, HICP Prelim YY Dec

1445 US Markit Serv, Comp Final PMIs Dec

1500 US Factory Orders MM Nov

1900 US Federal Open Market Committee will release

minutes from its Dec. 15 - 16 policy meeting

($1 = 6.4577 yuan) (Reporting by Mai Nguyen; Editing by Shailesh Kuber)