Nov 25 (Reuters) - London copper climbed on Wednesday to its highest in nearly seven years, as U.S. political stability, COVID-19 vaccine developments and China demand boosted investor confidence.

U.S. President-elect Joe Biden beginning his transition to the White House ends weeks of post-election political uncertainty in the world's biggest economy, while his $2 trillion climate plan would see rising demand for copper.

Three-month copper on the London Metal Exchange rose as much as 0.9% to $7,360 a tonne, a level unseen since January 2014.

The most-traded January copper contract on the Shanghai Futures Exchange hit a 33-month high at 55,100 yuan ($8,372.08) a tonne.

Boosting investor sentiment were also developments on the coronavirus vaccine front and low copper inventories in China, the world's biggest consumer of the metal.

Copper stocks in ShFE warehouses were at their lowest since December 2014 at 96,766 tonnes, while premiums for imported copper into the country were at a one-month high of $53 a tonne, indicating improving demand.

AstraZeneca, Pfizer-BioNTech, and Moderna have all reported positive results in their coronavirus vaccine trials.

FUNDAMENTALS

* The global zinc market surplus in September rose to 33,100 tonnes from 31,500 tonnes in August, data from the International Lead and Zinc Study Group showed.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian stocks made early gains, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook.

DATA/EVENTS (GMT)

1330 US Durable Goods Oct

1330 US GDP 2nd Estimate Q3

1330 US Initial Jobless Clm Weekly

1500 US Consumption Adjusted MM Oct

1500 US U Mich Sentiment Final Nov

1500 US New Home Sales-Units Oct

1900 US Federal Open Market Committee will release

minutes from its November 4-5 policy meeting

($1 = 6.5814 yuan) (Reporting by Mai Nguyen; Editing by Subhranshu Sahu)