SINGAPORE, Nov 24 (Reuters) - London copper futures rose on Tuesday as progress in a third COVID-19 vaccine related developments and strong U.S. factory data pointed to a positive outlook for industrial metals’ demand. FUNDAMENTALS * Three-month copper on the London Metal Exchange rose 0.6% to $7,218 a tonne by 0155 GMT, while the most-traded contract on the Shanghai Futures Exchange slid 0.2% to 54,000 yuan ($8,210.68) a tonne. * AstraZeneca said on Monday its COVID-19 vaccine was 70% effective in pivotal trials and could be up to 90% effective, giving the world’s fight against the global pandemic a third new weapon that can be cheaper to make, easier to distribute and faster to scale-up than rivals. * U.S. manufacturing in November saw the quickest pickup since September 2014, driving expectations of higher base metals demand. * IHS Markit’s manufacturing and services sector purchasing managers’ indexes both topped even the most optimistic forecasts in a Reuters poll that predicted both would level off, offering a counterweight to data suggesting economic momentum was slackening after the third-quarter’s torrid rebound from an historic plunge last spring. * U.S. President-elect Joe Biden has been given the go-ahead to begin his White House transition. * After weeks of defiance, President Donald Trump on Monday allowed officials to proceed with a transition to Biden, giving his Democratic rival access to briefings and funding even as he vowed to persist with efforts to fight the election results. * Markets got an extra boost after reports that Biden plans to nominate former Federal Reserve chair, Janet Yellen, to become the next Treasury Secretary. * For the top stories in metals and other news, click or MARKETS NEWS * Asian stocks opened higher as COVID-19 vaccine progress shored up global sentiment and U.S. President-elect Joe Biden was given the go-ahead to begin his White House transition. DATA/EVENTS (GMT, NOV) 0700 Germany GDP Detailed QQ SA Q3 0700 Germany GDP Detailed YY NSA Q3 0745 France Business Climate Mfg Nov 0900 Germany Ifo Business Climate New Nov 0900 Germany Ifo Curr Conditions New Nov 0900 Germany Ifo Expectations Nov 1500 US Consumer Confidence Nov PRICES 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 ARBS ($1 = 6.5768 yuan) (Reporting by Naveen Thukral; Editing by Rashmi Aich)