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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the end of this week, aluminum prices rose. Traders took positions before the end of the
Style”, "serif"">third quarter.A After reaching its highest level of $2,328 on May 9, the benchmark aluminum on the London Metal Exchange (LME) was up 1.9% to $2,320.5 per metric ton at 10:12 GMT. Since the start of the quarter, it has increased by 8%. Dan Smith at Amalgamated Metal Trading said that “people take profits, people who are short buy back their positions. Some of these movements are short-term and are unlikely to continue until next week.”
According to one trader, after closing a long position, tin fell 4.0% to $24,305 after reaching $24,100, its lowest level since May 25, due to weak demand. For its part, LME copper increased by 1.0% to $8,298.5 per ton, nickel fell by 0.4% to $18,810, lead lost 0.6% to $2,182, and zinc increased 0.9% to $2,643
.
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