Tag: LME aluminum
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Weekly round-up: Nickel trading suspended; base metals may remain under pressure
Aluminium prices dropped by nearly 12% on 11 March from its record peak seen at the start of the week due to heightened market volatility. Sanctions and speculation of export disruption from Russia continued. International benchmark aluminium LME 3-months contract closed at $3,483/t on 11 March. Stocks of aluminium in LME-registered warehouses fell to 755,950…