LIVE FUTURES REPORT 24/04: LME base metals prices largely steady; aluminium continues to dip

Base metals on the London Metal Exchange remained broadly firm during morning trading on Tuesday April 24, with the aluminium price the only downward mover.

Reaching a low of $2,213 per tonne, the light metal’s price tumbled after spending the majority of last week around the $2,500 per tonne mark.

Aluminium’s three-month price took a hit on Monday afternoon after the United States announced that it would not be imposing secondary sanctions against Russian aluminium producer, Rusal, nor any of its subsidiaries.

Cancelations across Europe and Asia continue to stir volatility in the metal’s price, with a further 21,350 tonnes canceled this morning.

“With regards to aluminium the...


Hassan Butt

April 24, 2018

10:51 GMT