Saturday, October 11, 2025

Aluminium heads for longest winning streak in a year before Fed

Date:

Aluminium climbed for a seventh session ahead of this week’s Federal Reserve meeting, which could lead to an interest-rate cut.Benchmark aluminium on the London Metal Exchange rose alongside equities in Asia, with the metal on track for the longest run of gains in more than a year. Prices climbed as much as 0.6% to $2,705 a tonne — the highest level since March — before easing back.

Investors are waiting for the Fed’s policy decision on Wednesday, with growing expectations of monetary easing weighing on the dollar and lifting industrial metals. Aluminium has been supported in recent weeks as requests to withdraw inventories surged, fueling ongoing concerns about supply.
Aluminium was 0.2% higher at $2,694.50 a tonne as of 12:18 pm in Singapore time. Copper was up 0.2%, with zinc and nickel also edging higher.

Catch all the latest stock market updates here

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Protection and retirement segments to drive future growth: Canara HSBC Life’s Anuj Mathur

Canara HSBC Life Insurance Co. is betting on strong...

Ukraine Claims Strike on Oil Refinery Complex in Russia’s Ufa

(Bloomberg) -- Ukraine’s forces struck a crude oil processing...

Jharkhand to soon have its 1st Science City to boost tourism, innovation

Jharkhand will soon have its first Science City in...

France’s collapsing centre may trigger a Greece-like debt crisis

Lecornu returns as Prime Minister after five others gave...