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RTRS: METALS- Copper steady ahead of U.S. jobs data
 
* Euro falls against euro on German growth downgrade
* Antamina says no major output problems seen on mill repair
* Coming Up: U.S. nonfarm payrolls report; 1330 GMT

By Silvia Antonioli and Melanie Burton
LONDON/SINGAPORE, Dec 7 (Reuters) - Copper was little changed
on Friday as investors were cautious ahead of jobs data from the
United States which might have an impact on U.S. talks to avert a
looming fiscal crisis.
China's industrial production figures that will be released at
the weekend and a U.S. rate meeting next week by the Federal Open
Market Committee (FOMC) are the other key events on the radar
that will be scrutinised for signs of economic recovery and clues
on future policy path.
Benchmark copper on the London Metal Exchange was at
$7,996 by 1130 GMT from $8,000 at the close on Thursday.
Keeping metals under pressure, the euro fell to a nine-day low
against the dollar after the Bundesbank slashed its growth
outlook for Germany, with the single currency at risk of more
losses on prospects of a euro zone rate cut.
"The Bundesbank downgrade of German growth is taking the wind
out of the euro and there is quite a thin turnover as people are
waiting to see the non-farm payrolls," said Standard Bank analyst
Leon Westgate.
"The focus is on whether the data has a bearing on fiscal
cliff discussions and weather poor data encourages politicians to
seek a speedy agreement or not."
The White House and Republicans in Congress dropped hints on
Thursday that they had resumed low-level private talks on
breaking the stalemate over the "fiscal cliff" but refused to
divulge details.
Traders hope Washington will eventually avert some $600
billion of tax hikes and spending cuts scheduled to start in
January that threaten to tip the economy back into recession, but
they are turning risk-averse as the deadline draws closer with no
agreement in sight.
"Those sceptical of a fiscal cliff resolution may be hoping
that the non-farm payrolls shocks to the downside in order to
jolt politicians into meaningful action," Citi said in a research
note. "Those bearish on a resolution may wish for poor data
leading to the short-term pain of a negative market reaction but
long-term gain as politicians are coerced into compromise over
fiscal cliff talks."

REFINING CHARGES
Traders were busy putting together term shipment deals for
2013, with Chinese smelters and miners likely to forge agreements
of $70 dollars per tonne and 7 cents per pound for treatment and
refining charges, Macquarie said in a note.
China's smelters received term 2012 TC/RC at $60 and 6 cents
from BHP for Escondida concentrates and $63.5 and 6.35 cents from
Freeport, both seen as benchmarks in Asia.
Global miners pay TC/RC to smelters to convert concentrate
into refined metal and the charges are deducted from the sale
price based on LME copper prices. Higher charges are typically
seen when concentrate supply rises.
"The actual settlement for the benchmark contract for 2013
will be somewhere around the ... spot market, implying a small
increase of global copper mine supply next year and still lower
level of concentrates inventory at Chinese smelters," it said.
Market talk that Peru's Antamina, one of the world's biggest
copper-zinc mines, was suffering from production problems was not
completely accurate, a mine spokesman said.
"We do not have a problem with the sag mill. We have
experienced a problem with one of our ball mills. We have all the
parts required for the repair on site and there has been no
impact on production and we don't expect any major impact on
production," Alfonso Simpson, commercial manager of Antamina told
Reuters.
Tin was at $21,525 from $21,925 while zinc,
used to galvanize steel was at $2,011.25 f rom $2,030 T hursday's
close.
Battery material lead was at $2,192 from $2,214 and
aluminium was at $2,079.75 from $2,085.
Nickel was at $17,095 from $17,175.
Source