Tue, Jan 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Aluminium hits 2-month high as new LME rules expected

Posted on 29 October 2013

Aluminium touched the highest level in two months on Monday as traders said investors were betting that the London Metal Exchange (LME) would make changes to warehouse rules that would boost the price of the metal.
Zinc and lead also hit the strongest levels since August on fund buying, while copper was steady. Three-month aluminium on the LME climbed to a session high of $1,900 a tonne, the highest since Aug. 23. It failed to trade in closing open outcry activity but was last bid at $1,895, up 0.8 percent………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38982 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031