Aluminium slips to almost four-month low on demand concerns


LONDON: Aluminium prices fell to their lowest in almost four months as some bullish positions were scrapped amid concerns about demand with a lack of fresh stimulus in top consumer China.

Three-month aluminium on the London Metal Exchange lost 1.5% to $2,316 per metric ton in official open-outcry trading after hitting $2,311, its lowest since March 28, breaking below its 200-day moving average of $2,354.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Aluminium , China , stimulus , LME

Next In Business News

Gold steadies as Fed independence concerns offset easing geopolitical woes
Oil slips as investors assess supply outlook, US stock build
AirAsia X targets up to US$600mil debt restructuring after combining airlines
Telenor sells its stake in Thailand's True Corporation for US$3.9bil
Societe Generale to cut 1,800 jobs in France
Bank Negara’s international reserves climb slightly to US$125.6bil
Bank Negara leaves OPR steady at 2.75%, as widely expected
Ringgit trading signals growing global confidence in Malaysia
Chipmakers driving AI boom
Nationgate says IRB investigation completed, records in order

Others Also Read