Aluminum for delivery in three months climbed 1 percent to $2,083 a metric ton at 5:50 p.m. on the London Metal Exchange, after touching $2,100, the highest since February 2013. The LME was shut on Monday for a national holiday.
Prices for aluminum, the second most widely used metal after steel, for delivery in 3 months settled 0.2 percent lower at $1,754 a ton, the lowest since July 2009, on the London Metal Exchange today. According to the World Bureau of
The Midwest surcharge, the U.S. benchmark, will drop 22 percent to 8 cents a pound by the end of June, the Bloomberg survey showed, after the LME will accelerate the delivery of another 2 million tons of aluminum onto the
Stuck in a pattern of structural oversupply, Barclays Research forecasts the price of aluminum to stay around 2,000 dollars per ton. It has tested several alternative scenarios to try to understand how the light metal market will evolve. Despite ever