KONTAN.CO.ID - LONDON. Aluminium prices jumped on Tuesday on worries over potential EU sanctions while copper pushed higher on hopes that top metals consumer China will unleash more stimulus to boost its economy. Three-month aluminium on the London Metal Exchange (LME) jumped by 3.2% to $2,228 a metric ton by 1510 GMT for the biggest daily percentage gain in a month. The metal used in construction, transport and packaging spiked after Poland and the Baltic states called for the European Union to ban imports of Russian aluminium and liquefied natural gas.
Aluminium Surges on Sanction Worries While Copper Gains on China Hopes
KONTAN.CO.ID - LONDON. Aluminium prices jumped on Tuesday on worries over potential EU sanctions while copper pushed higher on hopes that top metals consumer China will unleash more stimulus to boost its economy. Three-month aluminium on the London Metal Exchange (LME) jumped by 3.2% to $2,228 a metric ton by 1510 GMT for the biggest daily percentage gain in a month. The metal used in construction, transport and packaging spiked after Poland and the Baltic states called for the European Union to ban imports of Russian aluminium and liquefied natural gas.