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SINGAPORE, Sept 2 (Reuters) - Nickel prices in Shanghai hit a record high on Monday, while they jumped to to a five-year high in London, after top producer Indonesia announced it would restrict ore exports from 2020.
The benchmark three-month contract rose as much as 3.2% to $18,470 a tonne by 0124 GMT, its highest since September 2014, while Shanghai nickel surged to its maximum daily limit of 6% to a record 136,960 yuan ($19,309.72) a tonne.
Indonesia, the world's biggest supplier of nickel ore, on Friday announced that it would move forward a ban to export mineral ores by two years from an original schedule of 2022.
London nickel has leaped 72% so far this year, while most other base metals were declining.
* NICKEL SPREAD: The premium between LME nickel cash and three month contract <MNI0-3> rose to a decade-high of $104 a tonne, indicating tight nearby supplies.
* TIN: Shanghai tin rose as much as 4.4% to 134,960 yuan a tonne, while London tin eased 0.2% after climbing 3.5% in the previous session. Indonesia is also a major producer of tin.
PRICES: London copper eased 0.1%, aluminum fell 0.2%, zinc rose 0.6% while lead fell 0.2%. Shanghai copper edged down 0.3%, zinc dropped 0.8% and lead declined 0.4%.
* TRADE WAR: The United States and China began imposing tariffs on a variety of goods on each other from Sunday in the latest trade war escalation, but U.S. president Donald Trump said the two sides would still meet for talks later this month.
* CHINA STIMULUS: China plans to provide more support for its economy, including investing in infrastructure projects and regional development, while maintaining a prudent monetary policy with "reasonably" ample liquidity.
* ALUMINIUM: A global aluminum producer has offered Japanese buyers a premium of $110 per tonne for October-December primary metal shipments, up 2% from the current quarter, sources told Reuters.
* LITHIUM: Chile's state-owned Codelco, the world's top copper miner, will decide by early 2020 whether to pursue a joint lithium project with foreign-backed miner Salar Blanco, a company executive said.
* For the top stories in metals and other news, click or
* Wall Street stock futures weakened, setting a dour tone for Asian markets after tit-for-tat tariffs between the United States and China took effect, reinforcing investors' gloomy expectations for global growth prospects.
0145 China Caixin Mfg PMI Final Aug
0500 India IHS Markit Mfg PMI Aug
0600 Russia Markit Mfg PMI Aug
0750 France Markit Mfg PMI Aug
0755 Germany Markit/BME Mfg PMI Aug
0800 EU Markit Mfg Final PMI Aug
0830 UK Markit/CIPS Mfg PMI Aug
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 = 7.0928 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Rashmi Aich)