METALS-London aluminum eyes biggest ever weekly jump on Rusal sanction

MELBOURNE, April 13 (Reuters) - London aluminum slipped on Friday but was on track for its biggest weekly gain on record after the United States imposed sanctions on Russia's UC Rusal, the world's second biggest producer of the metal.


* London Metal Exchange aluminum fell by 1.5 percent to $2,290.50, trimming gains for the week that were still approaching 14 percent. Prices topped out at $2,325 a tonne on Thursday which was a six-year high.

* COPPER: LME copper edged up by 0.1 percent to $6,830.50 a tonne by 0203 GMT, adding to 1.9 percent drop from the previous session. Prices have support at the 200-day moving average of $6,743. Shanghai Futures Exchange copper eased by 0.7 percent to 50,520 yuan ($8,031.29) a tonne.

* CHINA TRADE: China's commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington's attempts at dialog were not sincere, and vowed to retaliate if U.S. President Donald Trump escalates current tensions.

* US TRADE: President Donald Trump said on Thursday that the trade "negotiations" between Washington and Beijing were going well, conflicting with Chinese official statements on the dispute.

* RUSAL: U.S. sanctions on Russian businesses and individuals are hitting companies including aluminum giant Rusal controlled by tycoon Oleg Deripaska and triggering responses across markets.

* US ALUMINIUM STOCKS: Almost all the aluminum in the United States was removed from Comex warehouses this week, as consumers scramble to stock up ahead of the sanctions on the world' second biggest aluminum maker, Rusal, that is expected to crimp supply. Stocks tumbled by about 44,000 tonnes to 11,168 tonnes. <AL-TTLTTDY-STX>

* SCRAMBLE: The rush for stocks was also reflected in time spreads on the LME with soaring prices for cash aluminum against the benchmark three-month contract. Cash aluminum traded $52 against three months, the highest in more than a decade. <CMAL0-3>

* POLLUTION: In what could potentially help U.S. aluminum makers boost production more quickly, U.S. President Donald Trump on Thursday ordered the Environmental Protection Agency to speed up its decision-making on air quality permitting to make it easier for manufacturers to expand and open new plants.

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* Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took center stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria.

Data (GMT) 0900 Euro zone Eurostat trade Feb

1400 U.S. University of Michigan sentiment index Apr


BASE METALS PRICES 0150 GMT Three month LME copper 6835 Most active ShFE copper 50520 Three month LME aluminum 2291 Most active ShFE aluminum 14575 Three month LME zinc 3122 Most active ShFE zinc 23560 Three month LME lead 2339.5 Most active ShFE lead 18265 Three month LME nickel 13970 Most active ShFE nickel 103790 Three month LME tin 20965 Most active ShFE tin 143420



($1 = 6.2904 Chinese yuan)

(Reporting by Melanie Burton; Editing by Subhranshu Sahu)