Base metal prices on the London Metal Exchange mostly closed higher on Friday November 12, with aluminium and nickel emerging as the week's strongest performers.
Three-month aluminium reached an intraday high of $2,714 per tonne on Friday, its highest since November 4.The light metal closed slightly lower at $2,700 per tonne, marking a 3.6% gain since the start of the week, when it was at $2,605 per tonne. Aluminium's cash/three-month spread was in contango of $0.50 per tonne at 1pm, narrowing from a $7-per-tonne contango on...