LIVE FUTURES REPORT 14/04: LME aluminium breaches $2,320 per tonne, at new year-to-date highs

The London Metal Exchange three-month aluminium price reached a new year-to-date high on Wednesday April 14 morning, while the rest of the complex was trending higher on support from a lower US dollar index.

LME aluminium’s price reached $2,322 per tonne around 9:30am on higher volumes, trading over 4,500 lots by that time, that surpassed copper, which was trading around 3,800 lots.  This is the metal’s highest price since June 2018, when it reached $2,353 per tonne amid US trade tensions, and a 1.3% rise from Tuesday's closing price.  Aluminium started to increase on Tuesday and closed 1.4% higher at $2,293 per tonne, with market speculation that more output restrictions in China are fueling the metal’s rise both...


Ana de Liz

April 14, 2021

09:20 GMT