Shanghai aluminium up by daily limit on U.S. asset plan

Shanghai aluminium jumped by its 5 percent daily limit on Monday as base metals rallied on demand hopes, spurred by the U.S. Treasury's efforts to stabilise the troubled financial system.

Shanghai aluminium for June delivery SAFc3 rose 620 yuan ($91) to 13,110 yuan a tonne by 0605 GMT, compared to its Friday settlement of 12,490 yuan.

Copper SCFc3 was up 1,500 yuan at 34,020 yuan, after hitting a high of 34,250 yuan earlier, a tad off its daily limit of 34,260 yuan.

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