* Copper supply worries outweigh China rate hike * China's monetary tightening seen near end * Coming up: ECB rate Decision, July; 1145 GMT (Updates prices, adds quotes and details) By Carrie Ho SHANGHAI, July 7 (Reuters) - Copper ticked up on Thursday on supply disruptions in Indonesia and Chile, after dipping earlier on concerns that a rate hike by Beijing would crimp demand from China, the world's top copper consumer. Expectations that China's monetary tightening cycle may be close to or nearing its end mitigated the bearish influence of the 25 basis point rate hike. Three-month copper on the London Metal Exchange edged up 0.3 percent to $9,551 a tonne by 0401 GMT, after closing 0.2 percent lower in the last session, its first loss in seven sessions. The most-active September copper contract on the Shanghai Futures Exchange ticked up 0.5 percent to 71,120 yuan per tonne. Some of the world's biggest copper mines face strike-related disruptions, early signs of a possible resurgence in labor unrest that could strain an already fragile supply pipeline. In Indonesia, a strike for higher pay has paralyzed output at Freeport McMoRan Copper & Gold's giant Grasberg mine. In Chile, some workers at state-owned Codelco are planning a one-day walkout, while unions in Peru called off a two-day strike at the last moment. "The Freeport Grasberg mine is one of the biggest individual suppliers of copper in the world. This and other supply disruption news out of Chile were a few things that were driving copper prices," said MineLife analyst Gavin Wendt. "I think the market is looking for an excuse to rally. There has been a lot of money that has come out of the resource base markets, out of silver, oil and gold, that's probably going to go back in again sometime soon," he added. China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases. Analysts suggested China was close to, or even at the end, of a cycle of rate rises and the latest move was a pre-emptive strike before another big jump in inflation in data next week. Hopes of a near-term pause in policy tightening also nudged Asian shares up towards a one-month high on Thursday as Chinese bank shares bounced higher, while the euro steadied before a widely expected rate hike from the European Central Bank later in the day. Base metals prices at 0401 GMT Metal Last Change Pct Move YTD pct chg LME Cu 9551.00 30.00 +0.32 -0.51 SHFE CU FUT SEP1 71120 350 +0.49 -1.02 LME Alum 2558.00 2.00 +0.08 3.56 SHFE AL FUT SEP1 17410 05 +0.03 3.38 HG COPPER SEP1 435.05 1.90 +0.36 -2.00 LME Zinc 2390.00 10.00 +0.42 -2.61 SHFE ZN FUT SEP1 18150 -25 -0.14 -6.80 LME Nickel 23500.00 120.00 +0.51 -5.05 LME Lead 2690.00 -10.00 -0.37 5.49 SHFE PB FUT 17335 20 +0.12 -5.53 LME Tin 26745.00 0.00 +0.00 -0.58 LME/Shanghai arb 1148 Shanghai and COMEX contracts show most active months ^ LME 3-m copper in yuan, including 17 pct VAT, minus SHFE third month (Reporting by Carrie Ho; Editing by Michael Urquhart)

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