LIVE FUTURES REPORT 19/03: LME aluminium at highest since June 2018, up 4% week-on-week

March 20, 2021 / www.metalbulletin.com / Article Link

Aluminium's price on the London Metal Exchange was up 2.2% at the close to $2,265 per tonne on March 19, with the rest of the base metals complex also benefiting from a short-covering bounce on Friday.

The light metal came to $2,275 per tonne on Friday at around 4:30pm, its highest level since June 14 2018, when it reached $2,280 per tonne at a time of deep trade tensions between the United States and the rest of the world. 
Aluminium's three-month price also increased by 4.3% rise from its closing price of $2,171 per tonne on March 12.

More than 600,000 tonnes of aluminium were delivered into LME warehouses...

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