The price of aluminium increased as money flooded into commodities, notably metals

The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…

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Zinc Benefits From Growing Belief That The World Economic Crisis Is Over

Zinc prices saw a small increase of 0.33% yesterday, closing at 243.5, driven by increased optimism in the world manufacturing sector amid signs that the manufacturing downturn may have peaked. The U.S. inflation statistics exceeded estimates for March, which delayed the expected date of a first-rate decrease from June to September, further supporting this optimistic…

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Aluminium Went Down During Profit Booking

In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…

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Copper Fell During 3-Month Copper Record High Discount For LME Cash

The LME cash copper contract trades at a substantial discount to the three-month contract, suggesting adequate near-term supply. This caused a modest decrease in copper prices yesterday, which ended at 801.4. The market’s excess inventory is highlighted by this discount, which is the biggest since at least 1982. Notwithstanding early optimism sparked by China’s better-than-expected…

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