Sept 29 (Reuters) - Copper prices rose on Tuesday, although gains were capped as a steady U.S. dollar made greenback-priced metals less attractive to holders of other currencies.
Three-month copper on the London Metal Exchange rose 0.3% to $6,589 a tonne by 0305 GMT, easing from a gain of as much as 0.8% earlier in the session.
The most-traded November copper contract on the Shanghai Futures Exchange edged up 0.2% to 50,990 yuan ($7,474.57) a tonne.
"LME copper opened higher due to Comex prices extending gains even after the LME closed, but LME copper has been giving up (some of) the gains. There's some U.S. dollar tightness this morning," said a metals trader based in Singapore.
The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill.
FUNDAMENTALS
* LME aluminium rose 0.3% to $1,779.50 a tonne, while nickel fell 0.2% to $14,475 a tonne. ShFE aluminium climbed 1.4% to 14,170 yuan a tonne and lead advanced 2.3% to 15,150 yuan a tonne.
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MARKETS NEWS
* Asian markets largely opened higher, building on newfound momentum after bargain hunters helped a recovery in U.S. markets in the wake of last week's selloff.
DATA/EVENTS (GMT, Sept)
0900 EU Consumer Confid. Final
1200 Germany CPI Prelim YY
1200 Germany HICP Prelim YY
1400 US Consumer Confidence
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 ($1 = 6.8218 yuan) (Reporting by Mai Nguyen; editing by Uttaresh.V)