KUALA LUMPUR, Jan 5 (Reuters) - London copper inched up on Thursday after its biggest decline in two weeks though worries over the euro zone's funding ability limited gains in early Asian trading.
Three-month copper on the London Metal Exchange rose 0.55 percent to $7,581.25 a tonne by 0127 GMT.
The most-traded March copper contract on the Shanghai Futures Exchange lost 0.48 percent to 55,520 yuan ($8,800) a tonne.
Copper fell 3.2 percent on Wednesday as persistent concerns over euro zone sovereign funding requirements eroded confidence and ignited a flight to safety.
China's copper smelters and global miner BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 U.S. cents a pound, trade and smelter sources said on Wednesday.
The euro wallowed at multi-year lows against the yen and Australian dollar in Asia on Thursday as markets refocused on the euro zone debt crisis with France next in line to raise funds in the bond market.
France plans to raise up to 8 billion euros in long-term debt on Thursday but a key test for investor confidence is next week's debt sales by Spain and Italy.
U.S. stocks closed nearly flat on Wednesday, erasing early losses after data showed new orders for U.S. factory goods rose solidly in November. But the data also showed business capital spending is cooling.
An increase in new orders for U.S. factory goods in November pointed to further evidence the economy is recovering.
U.S. new vehicle sales released on Wednesday showed automakers ended the year with strong sales, but they forecast lower growth in 2012.
U.S. jobs figures due on Friday will be keenly watched for signs of a recovery in the world's largest economy.
0700 Germany Retail sales yy real Nov
1100 Brazil Industrial output yy Nov
Base metals prices at 0127 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 7581.25 41.25 +0.55 -0.25
SHFE CU FUT MAR2 55520 -270 -0.48 0.29
LME Alum 2056.50 -7.50 -0.36 1.81
SHFE AL FUT MAR2 15950 35 +0.22 0.60
HG COPPER MAR2 344.40 0.95 +0.28 0.23
LME Zinc 1871.25 2.25 +0.12 1.42
SHFE ZN FUT MAR2 14845 70 +0.47 0.34
LME Nickel 18725.00 -75.00 -0.40 0.40
LME Lead 2065.00 5.00 +0.24 1.52
SHFE PB FUT 15270.00 15.00 +0.10 0.13
LME Tin 19605.00 0.00 +0.00 2.11
LME/Shanghai arb 306
Shanghai and COMEX contracts show most active months
^ LME 3-m copper in yuan, including 17 pct VAT, minus SHFE third month
($1 = 6.2946 Chinese yuan)