LONDON, Oct 5 (Reuters) - Copper prices stumbled on Thursday for the fourth straight session as investors unloaded positions on persistent worries about demand in China and uncertainty about interest rates and global growth.

Three-month copper on the London Metal Exchange was down 0.6% to $7,903 per metric ton by 1030 GMT, coming close to lows touched in May.

LME copper has lost 4.5% so far this week, on track for the biggest weekly decline since November 2022.

"The economic data isn't conclusive on several fronts. The U.S. has moderate strengthening in economic data, meaning it's not clear that the Fed has reached the peak in monetary tightening," said Nitesh Shah, commodity strategist at WisdomTree.

"The medium-term journey is for significant increases in copper demand for the energy transition, but the short term is a bit more difficult because demand remains weak from China, where the data is not indicating that its economy is pushing ahead in any meaningful way."

A steep sell-off in bonds rattled financial markets including commodities on Wednesday as it pushed Treasury prices to 17-year lows and investors remain worried about U.S. government spending and a ballooning budget deficit.

Weak metals demand has been highlighted recently by rising inventories.

LME copper stocks rose to 169,900 metric tons, the highest since May 2022 and more than tripling since mid-July, LME data showed on Thursday.

LME lead slipped 0.6% to $2,104.50 a metric ton after LME inventories climbed to 83,600 tons, the highest in more than two years, having surged by 55% over the past three weeks.

In nickel, the global surplus is expected to widen to 36,000 metric tons next year, Japan's biggest nickel smelter Sumitomo Metal Mining said.

LME nickel shed 0.8% to $18,575, having lost 38% so far this year, the worst performer across all LME base metals.

In other metals, LME aluminium declined 0.3% to $2,239, zinc fell 0.5% to $2,479.50, while tin rose 0.4% to $24,025.

For the top stories in metals and other news, click or (Reporting by Eric Onstad, additional reporting by Mai Nguyen in Hanoi; Editing by Shailesh Kuber)