By Eric Onstad
LONDON, Dec 5 (Reuters) - Copper fell to its lowest level ina week on Wednesday after comments by U.S. President DonaldTrump stoked more worries about trade tensions with top metalsconsumer China.
Most other industrial metals were in the red due to concernabout growth in China and after the country's currency slipped.
Markets were unconvinced when China expressed confidence onWednesday that it could reach a trade deal with the UnitedStates, after Trump renewed warnings he would revert to moretariffs if the two sides cannot resolve their differences.
"We're seeing a bit of red, mainly to do with Trump'scomments about liking tariffs, plus the renminbi weakened afterhaving strengthened during the past several days, that basicallydid the damage," said Ole Hansen, head of commodity strategy atSaxo Bank in Copenhagen.
"Copper touched the upper end of its range but failed tobreak above yesterday and then the tariff talk sent it lower."
Three-month copper on the London Metal Exchange
* ZINC: LME benchmark zinc
"The speculative short in zinc is one of the smaller shortsof the complex at 4.4 percent of open interest," Alastair Munroat broker Marex Spectron said in a note.
* ZINC STOCKS/SPREADS: LME zinc inventories
The premium of cash zinc over the three-month contract
* STEEL: China's construction steel rebar jumped more than 4percent, providing support to steel-linked metals zinc andnickel. LME nickel
* BHP/NICKEL: BHP
* U.S. DOLLAR: The greenback
* ALUMINIUM TECHNICALS: Aluminium
"This must be reclaimed for denoting signs of a largerrebound towards $2,060."
* PRICES: Lead
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Top Base and Precious Metals Analysis - GFMS
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Additional reporting by Mai Nguyen in Hanoi; Editing by MarkPotter and Kirsten Donovan) ((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter
(( For related news and prices, click on the codes in brackets: LME price overview