LME Aluminium futures jumped to 5- year highs in last week of Oct 2017, breaking above USD 2,200 per tone levels amid a highly healthy scenario for global demand. The metal has been rising in tune with Copper of late.
Copper hit 3½ year high and Zinc tested 10-year high. Prices surged in spite of steady supplies globally.
MCX Aluminium futures closed barely above Rs. 140 per kilo on Wednesday 1st November. The counter had risen to a high over Rs. 143 earlier this week.
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