Aluminium trading range for the day is 106.9-111.9. Aluminum headed for the biggest weekly advance in three years on signs of improving demand in China, even as Goldman Sachs Group Inc. predicted lower prices.
Rising metal prices are due to a higher risk appetite among market players which can also be seen in rising stock markets and higher oil prices.
China’s alumina output grew in March as rising prices gave many producers incentive to resume production.
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