Feb 11 (Reuters) - London base metals fell on Friday as a stronger-than-expected U.S. inflation data stoked worries about a more aggressive policy tightening by the Federal Reserve, though all metals, led by aluminium, were on track for weekly gains.

Aluminium prices on the Shanghai Futures Exchange dropped in morning trade, while other base metals advanced, with copper rising to its highest level in nearly four months following the release of upbeat bank lending data in China.

FUNDAMENTALS

* Three-month LME aluminium, which scaled to its highest level in more than 13 years on Thursday, was down 1.3% at $3,207 a tonne, as of 0341 GMT.

* Although worries about smelter shutdowns in China and Europe and dwindling inventories at exchange warehouses have fanned fears about shortages, putting the lightweight metal on track for weekly gain of more than 4%.

* The U.S. central bank is facing increasing pressure to take a stronger stand against inflation following an unexpectedly large jump in U.S. consumer prices in January.

* New aluminium arrivals in LME warehouses sent on-warrant stockpiles soaring by 42% to 595,150 tonnes, data showed on Thursday, easing worries about supply.

* The most-traded March aluminium contract on the Shanghai exchange ended the morning trade 2% lower at 22,775 yuan ($3,580.92) a tonne, on track for its first loss in eight sessions.

* New bank lending in China more than tripled in January from the previous month, beating forecasts and hitting a record high, as the central bank seeks to shore up slowing growth in the world's second-largest economy.

* Indonesia has suspended the operations of more than 1,000 miners of coal, tin and other minerals due to a failure to submit 2022 work plans, according to a document reviewed by Reuters issued by the Minerals and Coal Directorate of the mining ministry.

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MARKETS NEWS

* Asian share markets fell on Friday, after red-hot U.S. inflation data and hawkish comments from a Federal Reserve official fuelled bets on U.S. interest rates being hiked more aggressively, and sent U.S. Treasury yields jumping.

DATA/EVENTS (GMT)

0700 UK GDP Est 3M/3M Dec

0700 UK GDP Estimate YY, MM Dec

0700 UK Manufacturing Output MM Dec

0700 Germany HICP Final YY Jan

0700 UK GDP Prelim QQ, YY Q4

1500 US U Mich Sentiment Prelim Feb

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

($1 = 6.3601 Chinese yuan)

(Reporting by Enrico Dela Cruz in Manila; Editing by Sherry Jacob-Phillips)