The three-month aluminium price on the London Metal Exchange was higher at the close of trading on Monday October 7, topping a broadly lackluster base metals complex amid low turnover, while zinc's benchmark cash/three-month spread narrowed over the afternoon.
Aluminium futures closed at $1,746 per tonne in the afternoon, climbing from an intraday low of $1,714 per tonne, while some 10,100 lots were exchanged by the close, topping the complex.Yet the light metal's outright price has failed to trade above the $1,800 per tonne resistance level since September 20, remaining rangebound above $1,700 per tonne.Meanwhile, the metal's benchmark cash/three-month spread eased over the afternoon, recently...