Oct 5 (Reuters) - Copper prices rose on Monday after data from top producer Chile showed output fell in August, but trading volume was thin due to a holiday in key consumer China from Oct. 1 to 8.
Chile's copper production fell 6.2% year on year to 481,700 tonnes, however, the January-August output of 3.78 million tonnes was up 0.4%.
Three-month copper on the London Metal Exchange had gained 0.1% to $6,556 a tonne by 0249 GMT, lead was up 0.2% at $1,774.50 a tonne, aluminium had lost 0.3% to $1,762 a tonne, and nickel was down 0.4% at $14,355 a tonne.
FUNDAMENTALS
* Japan's copper output in the second half of the 2020/21 financial year will rise 2.1% year on year, Reuters calculations showed, as solid exports to top buyer China will help outweigh the pandemic-hit local demand.
* An Indonesian nickel smelting project being built by China's Tsingshan Group and partner companies to produce battery-grade chemicals has withdrawn a request to dispose of waste in the ocean, a government official said on Friday.
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MARKETS NEWS
* Stock markets rose on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook global bourses in the previous session.
DATA/EVENTS (GMT, Sept)
0600 UK Reserve Assets Total
0750 France Markit Serv, Comp PMIs
0755 Germany Markit Services PMI
0755 Germany Markit Comp Final PMI
0800 EU Markit Serv, Comp Final PMIs
1345 US Markit Serv, Comp Final PMIs
1400 US ISM N-Mfg PMI
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 (Reporting by Mai Nguyen; Editing by Vinay Dwivedi)