Economics
Aluminum Falls From 18-Month High After China PMI Data
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Aluminum in London retreated from an 18-month high as industrial metals declined after worse-than-expected manufacturing data from China, the biggest consumer.
The contract for delivery in three months on the London Metal Exchange dropped as much as 0.6 percent to $2,064.50 a metric ton and was at $2,069.50 at 3:54 p.m. in Hong Kong. Prices closed at $2,076 yesterday, the highest since Feb. 20 last year. Copper fell 0.2 percent to $6,995 a ton.