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METALS-Shanghai aluminum jumps to 2-1/2-month high on supply worries

Mai Nguyen

(Adds quotes, chart; updates prices)

SINGAPORE, Aug 13 (Reuters) - Shanghai aluminum rallied to its highest in more than two months on Tuesday, as a typhoon in China hit the world's top aluminum producer and raised concerns about supply disruptions.

Facilities belonging to China Hongqiao Group, the world's top aluminum producer, were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong, according to a statement from an affiliate firm.

The most active aluminum contract on the Shanghai Futures Exchange hit 14,285 yuan ($2,022.43) a tonne, its highest since May 29. Three-month aluminum on the London Metal Exchange (LME) rose 0.3% by 0356 GMT.

"According to the price, it looks like there's some impact in Shandong, but we haven't got any confirmative information about how much production loss could be or if there's any essential impact," said CRU analyst Jackie Wang.

"Chinese aluminum deficit is very small. Demand growth has definitely been downgraded mainly due to the auto industry," Wang said, adding that the deficit might close and even become a surplus for the rest of the year if consumption remains weak.

FUNDAMENTALS

* PRICES: LME nickel edged up 0.1%, while lead fell 0.7%. Shanghai copper decreased 0.2%, nickel increased 0.7%, zinc rose 1%, while lead fell 1%.

* INDONESIA: Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020, news website Detik.com quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying on Monday.

* NYRSTAR: Belgium's Nyrstar said on Monday it had shut down its zinc-lead smelter furnace in Port Pirie, Australia, after an incident, the second disruption at the plant this year.

* CHINA LOANS: China's banks extended surprisingly fewer new yuan loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease policy further to support the slowing economy.

* LME TRADING TIME: The LME will extend its final open-outcry trading sessions for all metals starting Sept. 23 after volumes jumped during a trial, it said on Monday.

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PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminum

Most active ShFE aluminum

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 = 7.0633 Chinese yuan renminbi)

(Reporting by Mai Nguyen; editing by Richard Pullin and Rashmi Aich)