LIVE FUTURES REPORT 15/04: LME aluminium at new highs; copper, lead up 1%

London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains.

LME aluminium’s three-month price reached $2.356.50 per tonne during early trading, the most since October 2010, when the metal came to an intraday high of $2,358 per tonne.  It was down slightly from that high to $2,345 per tonne at 9am but still marked a 0.9% increase from its Tuesday closing price of $2,323.50 per tonne.    The metal’s spur so far this week had been supported by concerns that there would be output cuts in China as the country develops new environmental policies, and the same time that demand is going up, which has lead to premiums being at all time...


Ana de Liz

April 15, 2021

09:20 GMT