* Fed's meeting minutes send prices below closing losses
* Investors still betting the U.S. Fed will help growth
* Dollar down vs euro, U.S. stocks positive after data
* Coming Wed: US mfg gauge, construction spend, car sales
NEW YORK/LONDON, Aug 31 (Reuters) - Copper lost ground in after hours trade on Tuesday, after a worrisome report on the Federal Reserve's last policy-setting meeting, which added to earlier losses from the latest weak data and month-end position squaring.
Copper had pared declines after U.S. consumer confidence data showed a modest rise in August, but failed to press higher as concern over the pace of global economic recovery persisted. "Investors do not seem convinced (about the pace of recovery) and they are looking to see more help from U.S.," analyst David Wilson at Societe Generale said.
A slew of weak U.S. economic indicators damaged prices, though dollar declines against the euro and yen provided copper with an underpinning. Among the weaker economic data thwarting copper's chances for gains was business activity in New York City, which fell in August to its lowest level in a year.
Business activity in the U.S. Midwest also registered a slowdown in August, growing at a pace just shy of analysts forecasts. And prices of U.S. single-family homes gained more than expected in June and rose in the second quarter.
Base metals analyst Justin Lennon at Mitsui Bussan Commodities (U.S.A.) pointed out that the discrepancy between the latest steep declines in home sales data and the increase in house prices will likely keep future home sales weak for the near to medium term.
Though the data out on Tuesday was somewhat gloomy, Lennon said he did not think they painted a different picture than what had already been portrayed in other recent data. Instead, he and others attributed the sharp declines to position
squaring at month end. Later in after-hours trade, the Federal Reserve released minutes for its last policy-setting meeting, driving copper prices even lower than its weak close.
Tin CMSN3 ended at $21,000 from $21,640, and nickel CMNI3 at $20,700 from $21,050.
Tin prices hit a two-year high on Friday on the back of ongoing supply constraints in top exporter Indonesia, which have bolstered the metal's price prospects.
Metal Prices at 4:45 p.m. EDT (2045 GMT)
Metal Last Change Pct Move End 2009 Ytd Pct
move
COMEX Cu 337.35 -4.65 -1.36 334.65 0.81
LME Alum 2045.00 -13.00 -0.63 2230.00 -8.30
LME Cu 7375.00 -84.00 -1.13 7375.00 0.00
LME Lead 2050.00 -40.00 -1.91 2432.00 -15.71
LME Nickel 20690.00 -360.00 -1.71 18525.00 11.69
LME Tin 20900.00 -740.00 -3.42 16950.00 23.30
LME Zinc 2070.00 20.00 +0.98 2560.00 -19.14
SHFE Alu 15370.00 -145.00 -0.93 17160.00 -10.43
SHFE Cu* 58350.00 -980.00 -1.65 59900.00 -2.59
SHFE Zin 17060.00 -450.00 -2.57 21195.00 -19.51 LINK
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