Aluminium holds high with Mideast supply disruption in focus | Metals Mine

  • Aluminium holds high with Mideast supply disruption in focus

    From brecorder.com

    Aluminium prices rebounded on Wednesday, as focus shifted back to the loss of global supply amid conflict in the Middle East following a brief sell-off triggered by U.S. President Donald Trump’s remarks on the Iran war. The most-traded aluminium contract on the Shanghai Futures Exchange added 2.31% to 25,275 yuan ($3,680.81) per metric ton, as of 0213 GMT. The contract lost 1.41% on Tuesday as Trump’s comments suggesting an end to the Iran war soon temporarily cooled supply concern. Benchmark three-month aluminium on the London Metal Exchange was up 0.5% at $3,423 per ton. It touched nearly a four-year high at ... (full story)

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