Heavy jump in aluminum inventories on LME

LME Aluminum saw a huge build up in inventory levels. Rise of speculation of Chinese interest rates and falling commodity markets were the major cause of rise in inventories.

LME inventories were up by 47000 tonnes to 4299125 tonnes. The inventories showed a downside of 1.1% to 4252125 tonnes till Monday.

Aluminum has shown a decent run in last few weeks on the back of falling Dollar and rising vehicle sales numbers.

（Sourced from www.indiainfoline.com）