Aluminium hits two-month highs – 9Finance

Aluminium hits two-month highs – 9Finance

Aluminium prices touched two-month highs overnight as hopes for stronger demand in top consumer China buoyed sentiment, but an oversupplied global market and large surpluses are expected to cap gains. Benchmark aluminium on the London Metal Exchange (LME) was up 0.8...
Aluminium hits two-month highs – 9Finance

Aluminium slides after virus cases emerge

Aluminium slipped along with other industrial metals overnight on worries about demand as new COVID-19 cases emerged in China and more data showed how global economies have been battered by the pandemic. Chinese health authorities called for vigilance on Tuesday after...
Aluminium hits two-month highs – 9Finance

Low demand pushes aluminium to 4-year low

Aluminium prices slipped to their lowest level in more than four years as falling demand due to the new coronavirus and expectations of a large surplus this year were reinforced by rising stocks. Benchmark aluminium on the London Metal Exchange was down 0.8 per cent...
Aluminium hits two-month highs – 9Finance

Aluminium prices pinned at four-year low

Aluminium fell for a fourth straight session as China factory activity showed minimal growth in March, adding to concerns about falling metals demand and a ballooning supply glut as the coronavirus outbreak spreads further. Benchmark aluminium on the London Metal...
Aluminium hits two-month highs – 9Finance

Aluminium prices hit four-year low

Industrial metals prices fell sharply on Wednesday after data showed global factory output shrinking fast, with expectations of a vast supply surplus pushing aluminium below $1,500 a tonne for the first time since 2016. Benchmark aluminium on the London Metal Exchange...