MELBOURNE, Nov 20 (Reuters) - Copper prices rose on Friday, closing in on a 2-1/2-year high hit earlier this week, boosted by supply concerns, strong physical demand in China and hopes of supportive U.S. policies when Joe Biden becomes president.

The metal, widely used in power and construction, was on course to add 2.3% on the London Metal Exchange this week, its third successive weekly rise.

FUNDAMENTALS

* COPPER: "Physical demand is pretty good in China, in production and in fabrication," said NAB analyst Lachlan Shaw.

"There are concerns about supply due to COVID-19 and over labour disputes in Chile, as well as building expectations about stimulus and a green energy push ...under a Biden presidency."

* LME: London copper was up 0.7% at $7,145 a tonne by 0804 GMT after hitting $7,179 on Monday, the highest since June 2018.

* SHFE: Shanghai Futures Exchange copper rose 1.4% to 53,520 yuan ($8,140.54) a tonne to mark a weekly gain of 2.1%, the most in three months, having hit a 2-1/2-year high of 53,800 yuan on Monday.

* BONDED: The new Shanghai international copper contract ended up 1.3% at 47,790 yuan a tonne, with volumes of 4,705 lots, less than two-thirds of volumes in Thursday's daytime session on its market debut.

* ZINC/LEAD: Zinc prices, which have been supported by a shutdown of the Gamsberg mine in South Africa, rose as much as 1.1% to an 18-month high of $2,790 in London and as much as 2.9% in Shanghai to their highest since April 2019.

ShFE lead was the star performer, jumping as much as 4.8% to 15,300 yuan.

* ALUMINIUM: LME aluminium was up 0.2% at $1,996.50 a tonne after touching $2,000 for the first time in two years on Wednesday. ShFE aluminium rose as much as a 1.1% to a fresh three-year high of 15,980 yuan a tonne amid tight stocks

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 = 6.5742 Chinese yuan renminbi) ($1 = 6.5745 Chinese yuan renminbi)

(Reporting by Melanie Burton; additional reporting by Tom Daly; Editing by Ramakrishnan M. and Devika Syamnath)