LIVE FUTURES REPORT 10/04: LME aluminium price maintains upward momentum; base metals show strength

Base metals prices on the London Metal Exchange continued to find support during morning trading on Tuesday April 10, with aluminium continuing its strong momentum following record volumes traded yesterday.

The three-month aluminium price continued its firm positioning, hitting a high of $2,157.50 per tonne this morning - the highest since March 6. The light metal is continuing its strong performance following Friday’s announcement of US sanctions on Russian aluminium producer Rusal – with the market worried over potential supply disruptions. “The sanctions are designed to make it virtually impossible for the companies to conduct their business in US dollars. We therefore believe the concerns about possible supply disruptions on the aluminium market to be justified, even if aluminium buying began to seem panicked for a...

Published

Hassan Butt

April 10, 2018

10:45 GMT

London