LIVE FUTURES REPORT 22/04: Aluminium reaches $2,375/t, highest since April 2018, but closes flat day on day [CORRECTED]

LME aluminium's three-month price surpassed its May 2018 high in intraday trading on Thursday April 22, with lead's price up by 1.3%, while nickel and copper retreated from their Wednesday prices at the close.

Aluminium's price reached $2,375 per tonne on Thursday, taking out the May 2018 high of $2,374.50 per tonne to stand at a level last seen in April 2018, when the metal's highest intraday price was $2,718 per tonne.
But the light metal closed at $2,363 per tonne, practically unchanged from Wednesday's close of $2,634.50. 
A further increase in demand is expected as some economies begin to open up after Covid-19 lockdowns, together with concerns that China's supply growth may slow as it increases its environmental efforts, continue to support the metal's high price. 

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold