The London Metal Exchange aluminium price has climbed 6.5% so far this month, piggybacking on the uptrend in the rest of the complex, even though aluminium stocks at registered warehouses are at a three-year high.
The three-month aluminium price hit an intraday high of $1,640 per tonne before closing at $1,627.50 per tonne on June 10, up from $1,528 per tonne at the start of the month. This is up from the year-to-date low of $1,455 per tonne on April 8, which was the lowest in four years.The whole LME complex has been boosted by more positive macroeconomic trends over the past few days....