METALS-London copper hits two-week low on trade war concerns

SHANGHAI, March 31 (Reuters) - Copper prices in London fell to a two-week low on Monday on heightened concerns about a global trade war, as U.S. President Donald Trump's reciprocal tariffs loomed. The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) lost 0.4% to $9,753 per metric ton as of 0155 GMT. Trump announced on Sunday that the reciprocal tariffs he plans to introduce this week will apply to all nations. "High uncertainties surrounding Trump's tariffs have worried investors. If Trump imposes tariffs on copper earlier, some arbitrage traders may face losses if their shipments can't reach the U.S. before the tariffs are enforced," a base metals trader said. Meanwhile, tin prices SSNcv1 on the Shanghai Futures Exchange bucked the downward trend, rising 0.6% to 282,980 yuan, due to fears of supply disruptions from an earthquake in tin-rich Myanmar last Friday. Among other metals, LME aluminium CMAL3 fell 0.1% to $2,545 a ton, lead CMPB3 eased 0.3% to $2,019, zinc shed 0.7% to $2,835, tin CMSN3 lost 1.3% to $35,750 and nickel CMNI3 was down 0.6% to $16,290 a ton. SHFE copper SCFcv1 slid 0.9% to 79,960 yuan ($11,009.53)a ton, SHFE aluminium SAFcv1 fell 0.5% to 20,500 yuan a ton, zinc SZNcv1 dropped 1.9% to 23,400 yuan, lead SPBcv1 lost 0.7% to 17,390 yuan, nickel SNIcv1 lost 0.4% to 130,320 yuan. ($1 = 7.2628 Chinese yuan renminbi) (Reporting by Violet Li and Mei Mei Chu; Editing by Eileen Soreng) ((Violet.Li@thomsonreuters.com;)) (( For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C Foreign exchange rates FX= SPEED GUIDES LME/INDEX ))