Aluminum prices rise on Chalco cutbacks

Jun 05, 2013 | 03:22 PM | Janie Davies

Tags  aluminium, nickel, copper, LME, London Metal Exchange, Aluminium Corp. of China, Chalco, nickel Metal Bulletin

LONDON — Aluminum prices firmed in official trading on the London Metal Exchange June 5 amid technical buying and news that Aluminium Corp. of China (Chalco) will cut output.

Three-month aluminum settled at an official price of $1,967.50 per tonne, compared with an opening price of $1,942.50 per tonne. The contract traded at an intraday high of $1,979.25 per tonne and dipped as low as $1,942 per tonne. ....

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