The London Metal Exchange three-month aluminium price rose by 0.3% during trading on Friday April 24 to close at $1,514 per tonne, on low turnover of 9,132 lots during the day.
Global LME aluminium stocks remained high, with 1,175,175 tonnes on warrant on Friday, and total stocks at 1,317,925 tonnes.Fastmarkets analyst Andy Farida noted in his Aluminium Today report that speculative sentiment remained bearish for the light metal, based on the latest LME commitment of traders report.Additionally, in light of the growing number of Covid-19 infections outside China, and the likely extended lockdowns in Europe and the United States, "global...