LIVE FUTURES 25/10: LME aluminium up 2%, supported by China's power restrictions

London Metal Exchange futures prices were broadly up on the morning of Monday October 25, following a substantial sell-off on the previous Friday, with concerns about power restrictions in China supporting higher aluminium prices.

Aluminium's three-month price rose the most on Monday, up 2% to $2,926 per tonne at 9am from $2,868 per tonne on Friday, with more than 5,600 lots of the metal traded at the time - the first time the price had closed below $2,900 per tonne in two and a half weeks. 

“More power problems boosted aluminium after Guizhou Power Grid released a document on power rationing last week,” Marex LME desk analyst Anna Stablum...


Ana de Liz

October 25, 2021

09:45 GMT