By Solomon Cefai

SINGAPORE, July 9 (Reuters) - Copper ticked up in London on Thursday, regaining some of its previous day's losses, as the market weighed the potential impact of the latest threats to calm in the Persian Gulf on macroeconomic conditions.

Benchmark three-month copper CMCU3 on the London Metal Exchange was up 0.62% at $13,247.5 a metric ton by 0300 GMT.

The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 fell 0.78% to 102,200 yuan ($15,035.38) a ton, paring losses from a drop of as much as 1.32% earlier in the session.

"The resurgence of the Middle East conflict has led to short-term trading based on inflation and interest rate logic," Chinese broker Everbright Futures said in a note.

Copper had declined on Wednesday after U.S. President Donald Trump said the memorandum of understanding signed with Iran to end the Gulf conflict was "over" and the two countries traded attacks.

The fighting pushed oil prices up and contributed to concerns about the wider macroeconomic environment, especially around inflation and potential higher-for-longer U.S. interest rates.

Fears that interest rates could go higher, dampening economic activity, have weighed on growth-dependent industrial metals.

Higher input costs, including from energy, have squeezed manufacturers. Chinese producer inflation neared a four-year high in June, data released on Thursday showed.

Closely watched minutes from the U.S. Federal Reserve's June meeting released overnight indicated mounting concerns among policymakers about inflation.

Elsewhere, aluminium fell slightly. Its price on the LME CMAL3 was down 0.11%, while on the SHFE SAFcv1 the metal declined 0.76%.

Aluminium had been supported by waning inventories and concerns about a disruption to the return of supply from the Middle East, which accounts for around 9% of global aluminium refining capacity.

Among other LME metals, zinc CMZN3 added 0.4%, lead CMPB3 dipped 0.19%, nickel CMNI3 lost 0.72% and tin CMSN3 gained 0.72%.

Elsewhere on SHFE, zinc SZNcv1 lost 0.77%, lead SPBcv1 dipped 0.34%, nickel SNIcv1 lost 0.77% and tin SSNcv1 dropped 1.56%.

($1 = 6.7973 Chinese yuan renminbi)