MARKET TALK: LME Aluminum May Touch $3,000 If Copper Rallies

LME aluminum may rise to $3,000/ton temporarily on spillover gains if copper has another breakout, but odds for this to happen not high, says HARBOR Intelligence. However, adds as long as copper has potential to rally towards above $8,000, risk remains to upside, despite growing aluminum surplus. Says surplus unlikely to begin weighing sharply on aluminum in April, LME three-month to continue to trade in 7-month old range of $2,550-$2,875/ton. LME 3-month aluminum last at $2,845/ton, +$5 on London Friday PM kerb.