HANOI, April 15 (Reuters) - Shanghai aluminium prices on Thursday hit a near 10-year peak while the London contract hovered near their highest in three years, as supply concerns from top producers China and Russia weighed on sentiment.

The most-traded May aluminium contract on the Shanghai Futures Exchange climbed as much as 3% to 18,360 yuan ($2,810.13) a tonne, its highest since August 2011, before easing to close at 18,320 yuan a tonne, still up 2.8%.

Three-month aluminium on the London Metal Exchange hit its highest since May 2018 at $2,356.50 a tonne, before easing to trade at $2,350.50, still up 1.2% at 0704 GMT.

Investors have been concerned about output cuts in China to curb carbon emissions, particularly in Inner Mongolia where authorities said last month they would stop approving new projects for aluminium smelting, which consumes much energy.

The region's largest city Baotou also said it would shutter some industrial production and power plants to meet energy consumption targets.

Consultancy AZ China estimates that 279,000 tonnes of annual aluminium capacity across seven smelters was shut as a result of the energy curbs.

Meanwhile, the United States is expected to announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity.

Russia is a major aluminium producer and a U.S. sanction in 2018 had pushed LME aluminium prices to a seven-year high.

"Investors will keep an eye on Rusal after oligarch Oleg Deripaska's role in the Russian aluminium producer was flagged for U.S. sanctions review in December," commodities broker Anna Stablum of Marex Spectron said.

A four-week-low U.S. dollar also lent support, making greenback-priced metals cheaper to holders of other currencies.

FUNDAMENTALS

* LME copper rose 1.1% to $9,170.50 a tonne, while nickel fell 1.5% to $16,125 a tonne. ShFE nickel dipped 0.3% to 121,350 yuan a tonne though ShFE copper climbed 2.6% to 67,880 yuan a tonne.

($1 = 6.5335 yuan) (Reporting by Mai Nguyen; additional reporting by Tom Daly; Editing by Uttaresh.V, Sherry Jacob-Phillips and Shailesh Kuber)