Updates prices as of 1205 GMT

By Polina Devitt

LONDON, Aug 16 (Reuters) - Copper prices fell on Friday as mining giant BHPBHP.AX said a strike at its Escondida copper mine in Chile would end the same day, easing concerns about global supply.

Three-month copper on the London Metal Exchange CMCU3 was down 0.9% to $9,063per metric ton as of 1205 GMT, just above the 200-day moving average at $9,060, a level of support.

The metal, used in power and construction, is heading for a weekly gain of 2.3%, its first in six weeks, as the strike at Escondida spurred concerns about supply disruptions.

The world's largest copper mine, it accounted for nearly 5% of global supply in 2023.

A 44-day strike there in 2017 sparked a copper price rally. This time the strike lasted for just three days.

Market attention also focussed oncontinuing growth in copper stocks in the LME-registered warehouses MCUSTX-TOTAL, which have almost tripled over the last three months.

Daily LME data on Friday showed an increase of 1,600 tons to 309,050 tons, their highest level in almost five years.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange (SHFE) fell 8.4% this week.

Meanwhile, positive U.S. retail sales and jobs data eased worries about a potential recession which had pushed base metals prices down over the past three weeks.

LME aluminium CMAL3 shed 1.0% to $2,340 a ton, tin CMSN3 lost 1.1% to $31,620, zinc CMZN3 dipped 1.2% to $2,747, lead CMPB3 edged down 1.1% to $2,012 and nickel CMNI3 declined 0.9% to $16,150.

Reporting by Polina Devitt in London; additional reporting by Mai Nguyen in Hanoi; editing by Emelia Sithole-Matarise and Jason Neely

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