METALS-Shanghai aluminium jumps to near 2-month closing high on Alcoa strike

(Adds Shanghai closing prices, updates London prices) BEIJING, Aug 9 (Reuters) - Shanghai aluminium rose nearly 2.5 percent to a near two-month closing high on Thursday, as a strike affecting Alcoa's alumina refineries in Australia and warnings of shutdowns by Rusal supported prices. The Alcoa plants account for around 9.3 million tonnes of capacity or some 8 percent of the world's supply of alumina. Alcoa said on Thursday it did not expect any impact on its production from the industrial action running until Aug. 17.

All other Shanghai metals rose on a buoyant day for the complex, with aluminium trading volumes at 437,570 lots, well above the 30-day average of 170,423 lots. Top metals consumer China's factory price inflation cooled in July, amid a slowdown in economic growth, according to official data released on Thursday, although the tit-for-tat import tariffs imposed by China and the United States on each other's goods have yet to stoke price pressures. "This afternoon sees U.S. employment and 1/8producer price index 3/8 data releases, which if in line as with this morning's Chinese data could also translate itself into further buying of metals," Malcolm Freeman, director of Kingdom Futures, wrote in a note.

FUNDAMENTALS

* SHFE ALUMINIUM: The most-traded October aluminium contract

on the Shanghai Futures Exchange closed up 2.4 percent

at 14,825 yuan ($2,171.62) a tonne. It earlier rose as much as 2.8 percent, the biggest intraday jump since April 19, to 14,885 yuan, its highest since June 13.

* LME ALUMINIUM: Three-month aluminium on the London Metal

Exchange was up 0.4 percent at $2,115 yuan a tonne, as

of 0707 GMT, extending a 3.3 percent jump on Wednesday. It earlier hit a session peak of $2,146, its highest since June 29.

* RUSAL: Russian aluminium giant Rusal is concerned about an impending catastrophe if U.S. sanctions are not lifted, with some of its production halted as early as September, two sources close to the company said.

* COPPER: ShFE copper closed up 0.8 percent at

49,950 yuan a tonne, while LME copper was trading up 0.8

percent at $6,223.50.

* TARIFFS: China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world's largest economies escalated their trade dispute.

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MARKETS NEWS

* Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russia's rouble tumbled as the United States slapped fresh sanctions on the country.

PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin

ARBS

($1 = 6.8267 Chinese yuan)

(Reporting by Tom Daly, Editing by Sherry Jacob-Phillips and Subhranshu Sahu)