UPDATE 1-METALS-London aluminum climbs for 6th session after LME suspends Rusal metal

Rusal metal@ (Adds Breakingviews link) BEIJING, April 11 (Reuters) - London aluminum prices climbed as much as 2 percent on Wednesday, trading higher for a sixth straight session as the fallout from U.S. sanctions on Russian producer United Company Rusal continues to roil metals markets. The London Metal Exchange (LME) will suspend Rusal's aluminum from its list of approved brands from April 17 after some members raised concerns about settling LME contracts with sanctioned companies, LME Chief Executive Matt Chamberlain told Reuters. "While the full implications (of the Rusal sanctions) are still unknown, there is still a significant risk to global supply," ANZ wrote in a note, adding that the sanctions came on top of 10 percent tariffs on U.S. aluminum imports, which had already tightened the market in the United States and raised premiums.


* LME ALUMINIUM: Three-month aluminum on the LME was trading up 1.5 percent at $2,234.50 a tonne at 0708 GMT, having touched a 10-week high of $2,245 minutes earlier.

* SHFE ALUMINIUM: The most-traded June aluminum contract on the Shanghai Futures Exchange (ShFE) closed up 0.2 percent at 14,375 yuan ($2,288.65) a tonne, having earlier touched 14,475 yuan, its highest since March 6.

* RUSAL: Rusal said on Wednesday that two of its non-executive directors resigned after the company's inclusion on a new list of U.S. sanctions.

* RUSAL BONDS: Rusal's dollar bonds slumped to record lows and two major customers said they were reviewing their contracts.

* RIO: Rio Tinto Plc, is reviewing its dealings with Rusal to ensure compliance with U.S. sanctions, a top executive said on Tuesday, but added it was too soon to discuss the future of its Australian venture with Rusal.

* PREMIUMS: Physical premiums for aluminum deliveries to mainland China from ShFE bonded warehouses rose by $5 to $135 a tonne <0#BASEBW-SHMET> on Wednesday. In the United States, the Comex aluminum premium jumped to 20.7 cents a pound ($456 a tonne) from 18.4 cents on Friday, the highest in three years.

* TRADE FLOWS: Traders and warehouse sources said the high premium was attracting aluminum to the United States from tariff-exempt countries that had been stored in Asia, tightening Asian supply.

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* Asian stocks rose modestly on Wednesday but pared early gains as caution again crept into markets over strained U.S-China trade ties and escalating tensions in Syria. PRICES

BASE METALS PRICES 0708 GMT Three month LME copper 6935 Most active ShFE copper 50930 Three month LME aluminum 2234.5 Most active ShFE aluminum 14370 Three month LME zinc 3256 Most active ShFE zinc 24580 Three month LME lead 2391.5 Most active ShFE lead 18485 Three month LME nickel 13750 Most active ShFE nickel 101650 Three month LME tin 21030 Most active ShFE tin 144210



($1 = 6.2810 Chinese yuan renminbi)

(Reporting by Tom Daly; additional reporting by Melanie Burton in MELBOURNE; editing by Richard Pullin and Amrutha Gayathri)