Base metals prices on the London Metal Exchange continued their consolidation on the morning of Tuesday September 14, following an afternoon of profit-taking on Monday.
After reaching its latest year-to-date peak of $3,000 per tonne on Monday, the three-month aluminium price ended the day down by 3.5% from that level at $2,896.50 per tonne. It has continued to trend lower on Tuesday, recently at $2,878 per tonne."I suppose the old adage of what goes up must eventually come down has come in to play, as well as some concerted forward selling, but it is the frightening speed of these one-directional moves that has...