MARKET TALK: LME Aluminum To Get Short-Term Boost From Copper

LME aluminum would be pulled higher by a rally in copper prices despite deteriorating fundamentals, says HARBOR Intelligence. Notes slowing demand, rising supplies and global inventories, lower production costs and the apparent partial exit of a dominant hedge fund. Aluminum prices are seen lower by the end of the second quarter but could break higher first, HARBOR Intelligence adds. LME aluminum is last at $2,890 a metric ton, -1% from Wednesday's high.