Author: Rahul Kumar Sahu
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LME aluminium weakens w-o-w amid dollar strength and rising supply concerns
Chinese demand remained cautious after holidays Middle East smelter restarts improved supply outlook LME three-month aluminium prices declined by $52/t, or 1.7% w-o-w, to $3,070/t on 9 October from $3,122/t on 2 October, reflecting continued weakness in the global aluminium market. Meanwhile, LME aluminium inventories declined by 1,500 t, or 0.6% w-o-w, to 238,875 t…