The three-month aluminium contract on the London Metal Exchange hit a new year-to-date high of $2,615 per tonne in morning trading on Friday July 30, while zinc moved back above the $3,000-per-tonne psychological level.
Aluminium gained 0.9% from Thursday's closing price of $2,591 per tonne and is set for a 4.3% increase this month. It started the month at $2,507.50 per tonne on July 1."Physical premiums in the [United States] stand at a record high, while inventories are...