18.05.2015 - Aluminum Leaves Commodities Party Early
Aluminum is leaving the commodities party early. Unloved through much of the commodities boom in the first decade of the 2000s, mainly because of the high supply coming from China, aluminum had been performing strongly this year, along with other metals such as copper, zinc and lead. But since hitting a five-month high on May 5 of $1,978 a metric ton on the London Metal Exchange, prices for the benchmark three-month aluminum futures have slid 6.3% through Friday, while other commodities have extended their gains. LME three-month aluminum futures ended Friday at $1,853 a ton...............................................Full Article: Source
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