London aluminium, zinc on track for best week since January
From miningweekly.com
Aluminium and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies. The dollar hovered at 15-month lows after a steep dive in the previous session, as markets wagered the Federal Reserve was close to the end of its rate hike cycle due to easing inflation. Three-month aluminium on the London Metal Exchange CMAL3 was almost unchanged at $2 279 per metric ton by 0706 GMT, and gained 6.3% on a weekly basis, on track for its best week since January 13. "Macro remains key in driving the metals' prices. We ...
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