MELBOURNE, Aug 25 (Reuters) - London copper hung near a two-month low on Thursday on evidence of mounting supply, while nickel also weakened after lower shipments to China.
* Three-month copper on the London Metal Exchange was trading flat at $4,631 a tonne at 0040 GMT, following 1.7-percent losses in the previous session when it fell to its weakest since July 24 at $4,622.50
* Shanghai Futures Exchange copper had ended the overnight session down 2 percent at 36,100 yuan ($5,424) a tonne.
* LME copper stocks have jumped by 14,625 tonnes, the latest data showed, bringing total stocks above 250,000 tonnes for the first time since November 2015. Stocks have shot up by a fifth in the last week alone. MCUSTX-TOTAL
* Heavy losses were also seen in ShFE nickel which fell 3.2 percent after China’s imports slumped by 40 percent in July, and as fears fade over a wholesale halt to Philippine ore exports.
* U.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested the housing market remained on solid ground.
* China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets.
* Sundance Resources said on Thursday Australian police are investigating allegations that the company may have bribed politicians in Congo Republic to win permits to pursue a major iron ore project.
* Australia’s South32 Ltd, the world’s biggest producer of manganese, reported a 76-percent drop in annual underlying profit, hit by weak metals prices, it said on Thursday.
* China’s imports of nickel and zinc slumped on the month in July while its copper imports slipped by 3 percent, partially due to seasonal factors with many factories closing over the northern hemisphere summer.
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* Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday’s speech by Federal Reserve Chair Janet Yellen at the global central bankers’ meeting.
0800 Germany IFO business climate for August
1230 US Durable goods for July
1230 US initial jobless claims
1345 US Markit Comp Flash PMI for August
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
$1 = 6.6562 Chinese yuan renminbi Reporting by Melanie Burton; Editing by Joseph Radford