BEIJING, April 26 (Reuters) - London aluminium slipped 1.3 percent lower on Thursday, after snapping a four-day losing streak in the previous session, as the deadline extension to comply with U.S. sanctions on Rusal, one of the world's biggest aluminium producers, pulled down prices. The metal is down by over 18 percent from the seven-year high of $2,718 it hit on April 19 in the wake of the sanctions, which left the market fearing a supply shortage. FUNDAMENTALS * LME ALUMINIUM: Three-month aluminium on the London Metal Exchange was down 1.3 percent at $2,217 a tonne, as of 0219 GMT, after ending 0.8 percent higher on Wednesday. * SHFE ALUMINIUM: The most-traded June aluminium contract on the Shanghai Futures Exchange edged down 0.4 percent to 14,380 yuan ($2,273.30) a tonne. * RUSAL: The London Metal Exchange said on Wednesday it would analyse the implications of U.S. sanctions in relation to Rusal's metal after the Treasury Department gave customers of the aluminium producer more time to comply. * ZINC: Shanghai zinc was the biggest loser in the base metals complex, falling 2.8 percent to 23,735 yuan a tonne and touching its lowest since April 18. It tracked a 2.4 percent plunge in LME zinc on Wednesday after inventories in LME warehousessurged by 28,150 tonnes or 15.5 percent. * ANGLO AMERICAN: Diversified miner Anglo American opened an office in Shanghai on Wednesday, a company spokesman said, boosting its presence in the world's top consumer of commodities. * NICKEL: Global demand for nickel is expected to increase to 2.34 million tonnes in 2018 versus 2.19 million in 2017, the International Nickel Study Group (INSG) said on Wednesday. * VALE: Vale SA, the world's largest iron ore producer, posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier, missing estimates, as costs rose and iron ore prices slipped, results showed on Wednesday. * For the top stories in metals and other news, click or MARKETS NEWS * Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies. DATA/EVENT AHEAD (GMT) 0600 Germany GfK consumer sentiment May 1145 European Central Bank interest rate announcement 1230 ECB President Mario Draghi holds news briefing 1230 U.S. Durable goods Mar 1230 U.S. Advance goods trade balance Mar 1230 U.S. Wholesale inventories Mar 1230 U.S. Weekly jobless claims PRICES BASE METALS PRICES 0219 GMT Three month LME copper 6975 Most active ShFE copper 51670 Three month LME aluminium 2217 Most active ShFE aluminium 14375 Three month LME zinc 3122.5 Most active ShFE zinc 23735 Three month LME lead 2313 Most active ShFE lead 18190 Three month LME nickel 14060 Most active ShFE nickel 103140 Three month LME tin 21220 Most active ShFE tin 146950 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 290.41 LME/SHFE ALUMINIUM LMESHFALc3 -1917.9 LME/SHFE ZINC LMESHFZNc3 247.34 LME/SHFE LEAD LMESHFPBc3 395.66 LME/SHFE NICKEL LMESHFNIc3 -1875.19 ($1 = 6.3256 Chinese yuan) (Reporting by Tom Daly, Editing by Sherry Jacob-Phillips)
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