METALS-Copper climbs on US shutdown deal, supply tightness

SHANGHAI, Nov 11 (Reuters) - Copper prices climbed on Tuesday, as a potential resolution to the U.S. federal government shutdown lifted market sentiment, while fresh production data reinforced expectations of tighter supply next year.

The most-traded copper contract SCFcv1 on the Shanghai Futures Exchange was up 0.42% at 86,690 yuan ($12,170.43) per metric ton, as of 0240 GMT.

The benchmark three-month copper CMCU3 was up 0.24% at $10,822 a ton.

The U.S. Senate passed a bill to end the longest government shutdown on Monday, pending approval from the Republican-controlled House of Representatives. Speaker Mike Johnson has said he would like to pass it as soon as Wednesday and send it to U.S. President Donald Trump for signing into law.

The agreement would fund federal agencies through January 30, offering temporary relief to unpaid federal workers, disrupted food assistance programs and strained travel service.

The resolution also helped lift market sentiment.

Investors are now awaiting a backlog of key economic data, delayed by the government shutdown, to offer fresh insight into the U.S. economy once federal operations resume.

Copper prices also gained support from reduced output at Chile's state-owned miner Codelco, which produced 7% less metal in September, according to data from copper commission Cochilco.

Production at a mine jointly operated by Glencore GLEN.L and Anglo American AAL.L fell 26%, while output at BHP's BHP.AX Escondida mine rose 17%.

Copper prices have been supported by prospect of short supply next year, with several mine disruptions expected to impact copper concentrate output.

Among other SHFE base metals, aluminium SAFcv1 was up 0.30%, zinc SZNcv1 gained 0.27%, tin SSNcv1 added 0.52%, lead SPBcv1 dipped 0.26% and nickel SNIcv1 edged 0.20% lower.

Elsewhere among LME metals, aluminium CMAL3 gained 0.35%, tin CMSN3 rose 0.42%, zinc CMZN3 dropped 0.18%, lead CMPB3 declined 0.32%, and nickel CMNI3 nudged 0.22% lower.

Tuesday, November 11

DATA/EVENTS (GMT)

0700 UK Claimant Court Unem Chng October

0700 UK ILO Unemployment Rate September

0700 UK HMRC Payrolls Change October

1000 Germany ZEW Economic Sentiment November

1000 Germany ZEW Current Conditions November

($1 = 7.1230 Chinese yuan)