Modest outflows of metal failed to support the London Metal Exchange three-month aluminium price on Friday March 6, which closed at $1,685 per tonne after a turnover of more than 15,000 lots.
The benchmark three-month aluminium price briefly hit a high of $1,718.50 during trading on Friday, but closed well below the $1,700 per tonne mark despite seeing 6,250 tonnes in fresh cancellations over the day. A total of 798,000 tonnes of aluminium stocks remain on warrant in LME-registered warehouses as of March 6. The...