LIVE FUTURES REPORT 15/02: LME aluminium edges close to 2021 high on supply concerns, zinc up 2%

March 16, 2021 / www.metalbulletin.com / Article Link

Aluminium futures closed at a price of $2,218 per tonne on the London Metal Exchange on Monday March 15, showing almost double the volumes traded in copper, and with improved demand and tight availability of the light metal edging its price upward.

The price of aluminium reached $2,235 per tonne during Monday, just $8 per tonne below its 2021 year-to-date high set on February 25, and finished at 5pm 2.1% higher than Friday's closing price of $2,171 per tonne.
More than 17,600 lots of the metal had traded by 5.15pm on the LME, approaching double the copper volumes, which were just under 9,900 lots.

Prices for the metal hit highs on both the LME and the Shanghai Futures Exchange at...

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