MB: Aluminium below $2,400 in LME officials on lower oil prices
Aluminium found an official price below $2,400 per tonne for the first time this year in Monday’s official session on the London Metal Exchange, as falling oil prices hit the light metal
Aluminium found an official price below $2,400 per tonne for the first time this year in Monday’s official session on the London Metal Exchange, as falling oil prices hit the light metal. “Earlier this year, aluminium was robust on high oil prices,” an analyst told MB. “Oil prices have been under pressure recently, and that’s undermining people’s desire to hold aluminium.” Brent crude oil futures for September 2011 delivery traded at around $108 per barrel on Monday morning, from just under $120 per barrel at the beginning of the...
