LIVE FUTURES REPORT 21/04: New 2021 high for LME aluminium, 1% gains for copper, nickel

Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday’s dips.

The three-month price of aluminium closed up by 1.6% to $2,364 per tonne from its Tuesday price of $2,309.50 per tonne. That had been a 0.9% fall from the previous day, which attracted buying interest from commodity trading advisers and speculative funds.
The metal trading volumes were at their highest since April 15, with more than 12,700 lots traded by 5pm, up from Tuesday’s reading of 11,729 lots.

The last time aluminium’s prices were this high was at...

Published

Ana de Liz

April 21, 2021

16:56 GMT

London