The light metal closed a dollar short of the $2,400 per
tonne mark, its highest since September 2011.
Despite lighter volumes in comparison to last week’s 35,871
lot average, aluminium’s strong sentiment continues to dominate the complex.
“Activity over the weekend regarding Rusal and aluminium may
have made investors more cagey. But it seems the same story is still at play and
last week’s sentiment is carrying over, even at these levels,” Geordie Wilkes,
head of research at Sucden Financial told Metal Bulletin.
“I think it’s largely due to what’s going to happen to that
material and where it will end up,”...