Aluminum rose in London on shrinking inventory as other base metals wavered following a turbulent week dominated by growing concerns on the state of the global economy.
While metals markets were calmer Friday, prices on the London Metal Exchange have endured a dismal few days on fears of rapid monetary tightening as well as deteriorating demand from top consumer China. Copper, often seen as an economic bellwether, capped a sixth weekly decline, the longest streak since 2019.
