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Aluminium gains on supply uncertainty, broad risk-on mood
SINGAPORE: Aluminium rose on Wednesday, supported by a broader market risk-on atmosphere and as attention turned to supply uncertainty amid falling warehouse stocks. Benchmark three-month aluminium on the London Metal Exchange was up 0.34% at $3,097.5 a metric ton by 0300 GMT. The most-traded aluminium contract on the Shanghai Futures Exchange edged 0.11% higher to 23,765 yuan ($3,565.11) a ton. “Healthy trading volumes alongside firm prices point to underlying buying conviction, with supply-side uncertainties and limited prompt availability providing a supportive floor,” Rupankar RM, head of ...
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