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October 31, 2023

Southwest power and production restrictions causing disruptions are supporting the rise in aluminum prices on October 31st; aluminum is expected to increase.

US stocks rebounded across the board as market risk appetite continued to improve. Overnight, London aluminum showed relative strength, closing at $2,264 per ton, up $38 or 1.71%, with trading volume increasing by 5,383 lots to 20,742 lots and open interest rising by 653 lots to 641,703 lots. In the evening, Shanghai aluminum opened higher […]

Southwest power and production restrictions causing disruptions are supporting the rise in aluminum prices on October 31st; aluminum is expected to increase. Read More »

The resurgence of the Chinese economy and bullish sentiment are bolstering expectations for a rise in copper prices on the 30th.

The weakening US dollar is providing support to metal prices, bringing some improvement to the demand outlook for base metals. In the past week, London copper displayed strength and recorded a significant gain, with the latest closing price at $8,091 per ton, up $103, representing a 1.29% increase. Trading volume reached 19,502 lots, an increase

The resurgence of the Chinese economy and bullish sentiment are bolstering expectations for a rise in copper prices on the 30th. Read More »

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