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METALS-China ban order on N.Korea exports gives lead a fillip

* LME/ShFE arb: http://tmsnrt.rs/2oQ5nm2

* Chinese Jan-June lead ore imports from N.Korea up 49 pct (Adds comments, updates prices, changes dateline from SYDNEY)

LONDON, Aug 15 (Reuters) - Lead prices climbed on Tuesday after Beijing issued a ban order on North Korean exports while other base metals rebounded as geopolitical tensions eased and lending data in top metals consumer China were higher than expected.

Investors moved back into risky assets such as commodities and shares after North Korea's leader delayed a decision on firing missiles towards Guam while he waits to see what the United States does next.

Metals markets were also reassured when data on Tuesday showed that Chinese new loans came in at 825.5 billion yuan, higher than analyst forecasts of 800 billion after data a day earlier showed a cooling of the property market and weaker than expected industrial output.

"Those Chinese numbers (on Monday) were quite soft... I suppose the only glimmer of light came in the new yuan loans, which beat consensus, and maybe that suggests that things will remain stable as we go forwards," said Robin Bhar, head of metals research at Societe Generale in London.

"The metals seem well poised. After a period of consolidation this week perhaps we'll have another push towards those (recent) highs going forward."

* N.KOREA LEAD: Lead prices rose after China issued an order on Monday to implement United Nations sanctions on North Korea, banning imports of lead ore among other commodities.

Chinese imports of lead ores and concentrates from North Korea surged 49 percent in the first six months of the year, accounting for 10 percent of the total.

* LME LEAD: Benchmark lead prices were the biggest gainers on the London Metal Exchange, rising 1.8 percent to $2,376 a tonne by 1000 GMT.

"The LME metals have all moved modestly to the upside with many commentators suddenly becoming favourable to the lead market based on tight supply and the potential loss of North Korean ore which will affect China more than anyone else leaving them to seek alternative supply sources," Malcolm Freeman of Kingdom Futures said in a note.

* NICKEL STOCKS: Nickel was the only LME metal in the red, falling 0.1 percent to $10,435, after inventories stored in LME-certified warehouses increased by 8,970 tonnes to 384,258 tonnes. <MNISTX-TOTAL>

* COPPER: Three-month LME copper added 0.2 percent to $6,409. Prices hit their highest in more than 2-1/2 years on Aug. 9 at $6,515 and are up almost 8 percent this quarter.

Glencore's Zambian copper mining unit said on Monday it had suspended all operations at its two mines there due to restricted power supply.

* ZINC: LME zinc rose 1.2 percent to $2,953. "Zinc forwards were aggressively bid. Zinc is likely to find some legs if it breaches $2,985 with large options OI (open interest) sitting across Sept and Oct between the $3,000 and $3,500 strikes," Alastair Munro at broker Marex Spectron said in a note.

(Reporting by Eric Onstad; editing by Susan Thomas)