LIVE FUTURES 03/09: Aluminium closes at decade-high, US jobs data could delay Fed tapering

September 04, 2021 / www.metalbulletin.com / Article Link

Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.

The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This came while the market was pondering limits to supply growth in China against expectations of escalating demand.

"We've actually seen provinces step in and start to pull back new production capacity but also existing production capacity, because [the dual control targets] are real limits," Alcoa chief executive officer Roy Harvey said during the Fastmarkets Aluminium...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok