Nov 13 (Reuters) - London copper prices edged higher on Monday, tracking upbeat sentiment in the financial markets, although a firmer U.S. dollar and uncertainty over the economic recovery in China kept the red metal near a two-week low.
Three-month copper on the London Metal Exchange was up 0.2% at $8,052 per metric ton by 0250 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange fell 0.4% to 66,960 yuan ($9,179.52) a ton.
Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their lead from Wall Street's rally in the previous session.
The dollar held firm near one-week high against its rivals. A stronger U.S. currency makes dollar-priced commodities more expensive for holders of other currencies.
Weak economic data last week from China, the world's biggest metals consumer, raised concerns over demand outlook.
LME aluminium eased 0.1% to $2,213.50 a ton, nickel rose 1.3% to $17,480, zinc decreased 0.4% to $2,552, lead was down 0.1% at $2,177 and tin gained 2.2% to $25,145.
SHFE aluminium declined 1.5% to 18,840 yuan a ton, nickel lost 1.5% to 139,440 yuan, zinc fell 0.8% to 21,460 yuan, lead was almost flat at 16,505 yuan and tin rose 2.3% at 214,920 yuan.
Production at Chile's Codelco, the world's largest copper miner, will close the year at about 1.315 million metric tons, towards the lower end of the estimated range, the company's chief executive said in an interview published on Sunday by La Tercera.
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DATA/EVENTS (GMT)
n/a UK House Price Rightmove MM, YY Nov ($1 = 7.2945 Chinese yuan) (Reporting by Brijesh Patel in Bengaluru; Editing by Sherry Jacob-Phillips)
