| Aluminium slid to its lowest in nearly a month on worries about oversupply after a rise in output from China and heavy flows into LME warehouses in Asia. Total Chinese production in September rose to 2.75 million tonnes, the highest in 15 months, while global average daily output touched a record, data from the International Aluminium Institute (IAI) showed.
The London Metal Exchange also reported that 77,075 tonnes of aluminium had arrived at Asian warehouses over two days, largely in South Korea. Benchmark aluminium on the LME shed 1.2 per cent to close at $US1612 a tonne, its weakest since September 22...........................................Full Article: Source
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