Aluminum Declines to Lowest in Two Weeks as Inventories Expand
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Aluminum fell to the lowest in more than two weeks in London as inventories expanded. Copper declined for the first time in seven sessions.
Inventories of unwrought aluminum climbed to 1.215 million metric tons in March, from a revised 1.171 million tons a month earlier, the International Aluminium Institute said in a report today. In the warehouses tracked by the London Metal Exchange, stockpiles rose for a third day to 5.3 million tons, the longest stretch of gains this year.