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METALS-London nickel rises, on course for 10 pct weekly gain

BEIJING, Nov 3 (Reuters) - London nickel prices renewed their advance on Friday, putting the metal on course for a gain of nearly 10 percent this week and 27 percent year-to-date on expectations of bullish demand from the electric vehicle battery sector.

FUNDAMENTALS

* LME NICKEL: London Metal Exchange three-month nickel was up 1 percent at $12,735 a tonne by 0218 GMT, having closed down 1.4 percent the previous session. LME nickel hit its highest in more than two years at $13,030 a tonne on Wedneday.

* NICKEL: Nickel prices have surged this week over bullish sentiment for electric vehicle demand as the metals industry gathered for its annual meet in London. Prices may temper as focus returns to China's pollution-linked shutdowns next week.

* BHP: Global miner BHP said that its Asutralian Nickel West operations, which it is retooling to meet battery sector demand, are for sale at the right price.

* SHFE NICKEL: The most-traded nickel contract on the Shanghai Futures Exchange (Shfe) recovered from a dip in early trade to climb 0.5 percent to 101,500 yuan ($15,356) a tonne, following its highest close since June 2015 on Thursday.

* COPPER: Copper was trading up 0.1 percent in London after ending the previous session little changed and gained 0.3 percent in Shanghai.

* ALUMINIUM: London aluminium was essentially flat, with looming production curbs on Chinese smelters likely to come back into focus next week.

* ZINC/LEAD: Zinc was down 0.3 percent in London and lost 0.1 percent in Shanghai, while lead gained 0.6 percent on the LME but slipped 0.4 percent on the Shfe .

* ALUMINIUM DEMAND: Global demand for rolled aluminium products is expected to remain strong next year thanks largely to the automotive sector, leading producer Novelis said on Thursday.

* PRIVATE EQUITY: North American institutional investors are raising their exposure to metals and mining partly through co-investments with private equity, industry sources at a mining conference said this week.

* SOVEREIGN RISK: Kazakh miner Kaz Minerals said the government of Kyrgyzstan had suspended operations at its Bozymchak gold and copper mine on Thursday for three months.

* TANZANIA: Acacia Mining's top two executives have resigned in the midst of talks between its parent company and the Tanzanian government aimed at ending a long-running dispute that has hit Acacia's operations.

* MARKETS: Asian share markets edged higher on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Federal Reserve.

* USD: The dollar held steady versus a basket of currencies on Friday, as focus shifted to U.S. jobs data. nL4N1N90ZN 3/8

BASE METALS PRICES 0218 GMT Three month LME copper 6937 Most active ShFE copper 54310 Three month LME aluminium 2175.5 Most active ShFE aluminium 16260 Three month LME zinc 3249 Most active ShFE zinc 25930 Three month LME lead 2458.5 Most active ShFE lead 18615 Three month LME nickel 12735 Most active ShFE nickel 101500 Three month LME tin 0 Most active ShFE tin 144170

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 699.12 LME/SHFE ALUMINIUM LMESHFALc3 -497.07 LME/SHFE ZINC LMESHFZNc3 452.34 LME/SHFE LEAD LMESHFPBc3 -926.75 LME/SHFE NICKEL LMESHFNIc3 1301.6

($1 = 6.6097 Chinese yuan renminbi)

(Reporting by Tom Daly; Editing by Richard Pullin)