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MARKET TALK: LME Aluminum Poor Fundamentals Cap Moves

Friday, Nov 10, 2006
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LME aluminum's poor fundamentals leave the metal to take direction from copper, gold and oil prices movements, says a trader. "Aluminum has the poorest fundamentals among the LME, so we're really at the mercy of what is happening in the wider commodity market," he says. LME aluminum trades at $2,837.50/ton, up $7.50 on the Thursday PM kerb.

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