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Aluminium Hits 29 Month Low At LME

Metal News - Published on Tue, 11 Jun 2019

Image Source: Business Recorder
Aluminium prices sank to their lowest since January 2017 on Monday after data showed an upswing in exports from top producer China, fuelling worries about oversupply. Three-month aluminium on the London Metal Exchange was down 0.5pc at $1,756 a tonne by 1020 GMT after touching $1,752.50, the weakest since Jan. 11, 2017.

Copper and some other industrial metals, however, stabilised on the back of a US-Mexico deal that averted new tariffs and raised hopes of an agreement with China.

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Posted By : Rabi Wangkhem on Tue, 11 Jun 2019
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