April 10 (Reuters) - Tin prices hit their highest in more than a year on the London Metal Exchange (LME) on Wednesday, after stockpiles fell to the lowest in months.

Benchmark three-month tin on the LME rose 1.1% to $31,485 per metric ton by 0343 GMT. Earlier in the session, it hit $31,680 a ton, the highest since January 2023.

The most-traded May tin contract on the Shanghai Futures Exchange climbed 3.6% to 246,810 yuan ($34,134.10) a ton. It hit 249,020 yuan earlier in the session, the highest since June 2022.

LME tin inventories fell to 4,285 tons, the lowest since July 2023. Stockpiles have dropped 44% since the beginning of the year.

The LME cash tin contract was traded at a $26 a ton premium to the three-month contract on Tuesday, indicating the tightness of near-term supplies.

However, in China, the world's biggest tin consumer, inventories in warehouses tracked by SHFE have been accumulating . Stocks hit a record high of 12,823 tons last week, the latest data released by the exchange showed.

Analyst Tom Langston from the International Tin Association said in a note that there were divergent market dynamics between China and the rest of the world.

LME copper advanced 0.3% to $9,444.50 a ton, aluminium increased 0.4% to $2,468.50, nickel was up 0.4% at $18,295, zinc climbed 1% to $2,736 and lead edged up 0.1% at $2,163.

SHFE copper advanced 0.3% to 76,490 yuan a ton, aluminium climbed 0.9% to 20,385 yuan, nickel jumped 1.7% to 139,370 yuan, zinc rose 2.5% to 22,405 yuan and lead edged up 0.5% at 16,660 yuan.

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DATA/EVENTS (GMT)

1230 US Core CPI MM, SA; YY NSA March

1230 US CPI MM, SA; YY NSA March

1230 US CPI Wage Earner March

1800 US Federal Open Market Committee issues minutes

from its March 19-20 meeting

($1 = 7.2306 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Eileen Soreng)