Base metals on the London Metal Exchange mostly closed the week in negative territory on Friday March 2, with aluminium the sole exception.
The three-month aluminium price held steady throughout today's trading while the market assessed news that US President Donald Trump intends impose a 10% tariff on aluminium imports."Who knows what it will mean to for exchange prices? For sure it will affect the physical side of things but we are still stuck in the dark to the specifics of it. It's hard," a trader said.The benchmark cash/three-month spread moved to a contango of $5.75 per tonne amid the 232 chatter from a $6 per tonne backwardation at the...