METALS-Copper under pressure from stronger dollar, weak euro-zone business activity

(Updates prices by 1654 GMT)

By Polina Devitt

LONDON, Nov 22 (Reuters) - Prices for copper and aluminium fell in London on Friday as data showing a tumble in euro-zone business activity weakened the euro, and the dollar's strength weighed on prices for industrial metals.

Three-month copper on the London Metal Exchange was down 0.4% at $8,971 per metric ton by 1654 GMT.

The euro zone's dominant services industry contracted and manufacturing sank deeper into recession this month, a survey showed on Friday. The euro plunged to a two-year low after the data, and the U.S. dollar index hit a fresh two-year high.

Three weeks of the U.S. currency strengthening, which makes dollar-priced metals more expensive for buyers using other currencies, and concerns about demand in top consumer China helped copper to fall by 12% from a four-month peak hit on Sept. 30.

"Industrial metals have also struggled amid heightened tensions and (a U.S.) tariff threat, lowering the near-term outlook for growth and demand while gold and other investment metals have received a haven bid," said Ole Hansen, head of commodity strategy at Saxo Bank.

Gold rose 1.3% with signs of escalation in the Russia-Ukraine war after Russia's strike on Ukraine using a newly developed hypersonic ballistic missile.

A poll of economists, the first on China's economy by Reuters since Donald Trump's sweeping election victory this month, showed this week the United States could impose nearly 40% tariffs on imports from China early next year.

The recent decline in copper prices helped to revive some demand in China - visible in a five-week-long decline in copper inventories in warehouses monitored by the Shanghai Futures Exchange.

LME aluminium eased 0.5% to $2,618.50, zinc fell 0.9% to $2,964, while tin gained 0.8% to $28,880 and nickel added 0.8% to $15,845.

Lead rose 1.0% to $2,017.50 supported by a decline in SHFE-monitored stocks and fresh stocks cancellations in the LME-registered warehouses. (Reporting by Polina Devitt in London; additional reporting by Mai Nguyen in Hanoi; Editing by Shreya Biswas, Krishna Chandra Eluri and Rod Nickel)