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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


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