* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl

* LME aluminium stocks jump more than 75,000 tonnes

* LME copper stocks at 5-month lows

(Updates prices, adds zinc)

By Pratima Desai

LONDON, Nov 14 (Reuters) - Copper prices ticked up onThursday as weak manufacturing and investment data from topconsumer China encouraged expectations of further stimulus toboost growth and demand in the world's second largest economy.

Benchmark copper CMCU3 on the London Metal Exchange tradedup 0.3% at $5,853.5 a tonne in official rings.

Prices of the metal used widely in the power andconstruction industries have dropped more than 10% since the2019 peak above $6,600 hit in April.

"Given the weakness of the data we saw from China, themarket does appear to be pricing in more stimulus," CarolineBain, analyst at Capital Economics said.

"A deteriorating situation in Chile could have a majorimpact on supply and prices, but it would be a short term."

DATA: China's industrial output grew significantly slowerthan expected in October, as weakness in global and domesticdemand and the drawn-out Sino-U.S. trade war weighed onactivity. urn:newsml:reuters.com:*:nL4N27S100

Thursday's data also showed fixed asset investment, a keydriver of economic growth, grew 5.2% from January-October, thelowest since Reuters' records began in 1996. The consensus wasfor growth of 5.4%.

TRADE: China and the United States are holding "in-depth"discussions on a first phase trade agreement, and cancellingtariffs is an important condition to reaching a deal, theChinese commerce ministry said. urn:newsml:reuters.com:*:nL4N27U2AW

STIMULUS: China has been relying on a combination of fiscalstimulus and monetary easing to weather the current slowdown,but room for aggressive policy action has been limited byworries over debt and housing risks. urn:newsml:reuters.com:*:nL3N26V334

"Impact of Chinese stimulus is not yet mirrored in the hardnumbers," ANZ analyst Soni Kumari said. "So, the macro backdrophas not seen any significant change and we believe the sectorremains vulnerable to trade related disappointments."

CHILE: Most of Chile's copper miners said they hadmaintained their operations, but uncertainty lingered as thecountry faced more unrest after a month of violentdemonstrations. urn:newsml:reuters.com:*:nL2N27S0MO

COPPER: Stocks of copper in LME registered warehouses MCUSTX-TOTAL at five-month lows around 221,000 tonnes are alsosupporting prices.

TECHNICALS: Copper faces resistance at the 21-day movingaverage currently at $5,875, while support is at $5,830 wherethe 100-day moving average sits.

ALUMINIUM: Stocks of aluminium in LME warehouses jumped75,075 tonne to above one million tonnes MALSTX-TOTAL . Thedeliveries were made to warehouses in Malaysia and Singapore.

PRICES: Aluminium CMAL3 was down 0.4% at $1,758, zinc CMZN3 slipped 0.4% to $2,411, lead CMPB3 fell 0.4% to$2,027, tin CMSN3 rose 0.9% to $16,150 and nickel CMNI3 ceded 0.2% to $15,355.

ZINC: Prices of the metal used to galvanise steel earliertouched $2,401.50 a tonne, the lowest since Oct. 18, on concernabout demand from steel producers in China, hidden stocks andexpectations of rising output. urn:newsml:reuters.com:*:nL8N27N8PE

(Reporting by Pratima Desai; Editing by Mark Potter) ((pratima.desai@thomsonreuters.com; +44 207 542 5113))

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