More warrant cancelations providing price support The weekly average LME aluminium cash price was $2,030 per tonne last week, up 1.2% from previous week’s $2,006 per tonne. After falling to a six-month low last Friday morning, three-month aluminium rallied by 3.3% to an intraday high of $2,085 per tonne. More than 16,500 lots changed hands but this is below the yearly high of 42,936 lots on April 19. On the inventory side, LME stocks dropped by 4,075 tonnes to 990,550 tonnes. Some 2,525 tonnes of warrants were freshly canceled in Busan. ...
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