LIVE FUTURES REPORT 24/03: LME aluminium rises after 2% fall on Tuesday; 8,000t of zinc delivered in US

March 25, 2021 / www.metalbulletin.com / Article Link

Aluminium recovered by 1% during morning trading on the London Metal Exchange on Wednesday March 24 after Tuesday's sell-off saw most of the base metals complex fall by more than 1%.

The three-month aluminium price was at $2,243 per tonne at 9am on Wednesday, following a 2.3% drop - the largest in the complex - on Tuesday to $2,219.50 per tonne.
Tuesday's slump on the LME was prompted by rumors out of China that the State Reserve Bureau (SRB) would release some of its aluminium to ease supply worries following measures to cut production in heavy-emissions industries such as aluminium

"Speculative activity is being viewed in a very dim light and China certainly won't lose any sleep if private speculators...

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