Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday's dips.
The three-month price of aluminium closed up by 1.6% to $2,364 per tonne from its Tuesday price of $2,309.50 per tonne. That had been a 0.9% fall from the previous day, which attracted buying interest from commodity trading advisers and speculative funds.The last time aluminium's prices were this high was at...