Copper prices have been buoyed this week by news on supply
worries, with looming strike action at Chilean copper mines.
The metal’s highs were cured by news that
Centinela mine in Chile has reached a deal. Aluminium prices
were little moved today after rallying nearly 12% at one point
on Thursday on news of Chinese smelter cuts. "The aluminium
price rally also seems to have stalled for the moment as the
thinking is that the recent run-up has perhaps more than
discounted an as-of-yet undetermined quantity of cuts that will
likely set in over the Chinese aluminium sector later this
year," noted Edward Meir of INTL FCStone. Nickel was another
standout performer today, closing...