View full page at metalsmine.com

 

Aluminium resumes ascent, eyes best week in 18 months as Mideast war intensifies

From brecorder.com

Aluminium prices rose again on Friday after snapping a three-day winning streak in the previous session, and were heading for their biggest weekly jump in more than 18 months as supply concerns due to the U.S-Israel war on Iran intensified. Benchmark three-month aluminium on the London Metal Exchange was up 1.5% at $3,346.50 per metric ton as of 1050 GMT. The metal widely used in packaging and transport hit a near four-year peak of $3,418 on Wednesday as the Mideast crisis threatened to cut off aluminium shipments from the region. LME aluminium was on course to gain 6.6% this week, which would mark its biggest weekly ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis