All base-metals futures prices on the London Metal Exchange except for tin were down on the afternoon of Tuesday March 23, with the US Dollar Index at its highest in two weeks and some metals-related news pushing down prices - aluminium, in particular.
Aluminium's price fell by the most in the complex on Tuesday, by 2.3% to $2,219 per tonne. This followed news that the Chinese government could release aluminium ingots out of stockpile to ease the detrimental effects of emissions-led supply cuts in the country.Supply concerns arising from production cuts in the Inner Mongolia Autonomous Region have been keeping aluminium's three-month price steadily above $2,200 per tonne for the past week. The...