Aluminum Drops Most in Three Weeks as Industrial Metals Fall
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Aluminum in London declined by the most in three weeks as markets in Shanghai reopened after a week-long holiday amid expectations of growing supplies. Copper, zinc, lead, nickel and tin also fell.
Aluminum for delivery in three months fell as much as 1.2 percent to $2,143 a metric ton on the London Metal Exchange, the most since Jan. 25. The metal climbed to $2,174 on Feb. 15, the highest in six weeks and recorded a 2.3 percent weekly advance. Futures for delivery in May on the Shanghai Futures Exchange closed 0.7 percent lower at 15,140 yuan ($2,427) a ton.