LIVE FUTURES 31/08: Aluminium at highest since May 2011, nickel up 3.4% on LME

London Metal Exchange prices were mixed on the morning of Tuesday August 31, with aluminium and nickel leading on the upside due to tightening fundamentals but lead's three-month price under pressure.

Aluminium's three-month price reached a peak of $2,726.50 per tonne on Tuesday morning, its highest since May 2011, when the metal reached $2,746 per tonne. 
It was down slightly to $2,697.50 per tonne at 9am but this was still a 1.9% increase from its closing price last Friday of $2,949.50 per tonne. 
Following large inflows of aluminum into Port Klang's LME warehouses last week, there was a 50,100-tonne cancellation on Tuesday morning.

Some 18,350 tonnes were booked for removal from the Malaysian city, but 21,950...

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