Base metals prices on the London Metal Exchange were up across the board on Thursday September 9, supported by the lower dollar index.
The three-month aluminium contract continued its surge during Thursday's trading, closing above $2,800 per tonne for the first time since 2008. The three-month price finished the session up by 1.6% at $2,839.50 per tonne after reaching an intraday high of $2,848 per tonne. "The bullish narrative around the light metal remains unchanged," Fastmarkets analyst Andy Farida said on September 9. "It has been able to stay at its elevated price level and...