LME aluminium bounces back above $2,700/t on coal price strength

November 04, 2021 / www.metalbulletin.com / Article Link

Most base metals on the London Metal Exchange traded higher during Wednesday's morning session, bouncing back above the previous day's closing prices aided by well-supported coal prices in Asia.

Three-month aluminium traded at $2,733.50 per tonne on Wednesday morning, compared with its close on Tuesday of $2,692 per tonne.
Market analysts said well-supported coal prices helped push the light metal back above $2,700 per tonne.

"Copper and aluminum edged higher on Wednesday with investors keeping an...

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