MB: Aluminium prices hold in risk-on LME officials
Aluminium held firm in Monday’s official trading on the London Metal Exchange as renewed risk appetite kept base metal prices, with the exception of copper, above their opening levels.
Three-month aluminium settled at $2,018/019 per tonne compared with an opening price of $2,015.25 per tonne. The contract traded as high as $2,033 per tonne and no lower than $2,009 per tonne. “If it holds at these levels today then it’s put in a reversal of Friday, which was a new low for aluminium. But I’d need to see a decent reversal on the chart before...
