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SMM Morning Review - 2012/1/30 Aluminum Market

iconJan 30, 2012 08:55
Source:SMM
LME aluminum for three-month delivery closed at USD 2,268.5/mt, down USD 3.3/mt or 0.14% last Friday.

SHANGHAI, Jan. 30 (SMM) – LME aluminum for three-month delivery hit USD 2,290.3/mt last Friday, as the US dollar weakened after Federal Reserve pledged to maintain low interest rates by at least the second half of 2014, and as LME aluminum stocks dropped below 5 million mt. Worries towards the European debt crisis and weak performance of the US economy in the fourth quarter, however, dragged the metal to close at USD 2,268.5/mt, down USD 3.3/mt or 0.14%.

LME aluminum
Federal Reserve
interest rates
European debt crisis
US economy

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