Aluminium Hits 29 Month Low At LME

Aluminium prices sank to their lowest since January 2017 on Monday after data showed an upswing in exports from top producer China, fuelling worries about oversupply. Three-month aluminium on the London Metal Exchange was down 0.5pc at $1,756 a tonne by 1020 GMT after touching $1,752.50, the weakest since Jan. 11, 2017.

Copper and some other industrial metals, however, stabilised on the back of a US-Mexico deal that averted new tariffs and raised hopes of an agreement with China.

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