LIVE FUTURES REPORT 01/11: LME aluminium price ends week strongly, hits six-week high

Aluminium closed at its highest in six weeks on the London Metal Exchange on Friday November 1 while copper also continued its recovery.

The three-month aluminium closed at $1,786 per tonne this afternoon after peaking earlier at $1,790 per tonne. More than 18,000 lots changed hands by the close, the highest one-total since July. Still, market participants must factor in costlier financing conditions - the benchmark cash/three-month spread swung to a backwardation of $4.75 per...

Published

Hassan Butt

November 01, 2019

18:20 GMT

London