Bloomberg News

Aluminum Pares Decline as Rusal Plans to Cut Output: LME Preview

March 04, 2013

Aluminum pared declines after United Co. Rusal, the world’s largest producer, announced plans to reduce output this year.

Market News:

Metals News:

Metals Prices:


-- Copper rose 0.1 percent to $7,712 a metric ton at 7:47
a.m. on the London Metal Exchange. Relative strength index 27.
-- Aluminum dropped 0.1 percent to $1,974 a ton. RSI 28.
-- Nickel slipped 0.2 percent to $16,570 a ton. RSI 34.
-- Lead declined 0.4 percent to $2,235 a ton. RSI 30.
-- Tin was down 0.5 percent at $23,050 a ton. RSI 31.
-- Zinc retreated less than 0.1 percent to $2,019 a ton. RSI 30.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     82.35            0.1        3.2
Crude Oil            $90.34           -0.4       -1.6
Gold              $1,577.94            0.1       -5.8
MSCI World Index   1,401.38            0.0        4.7

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
EC Sentix Investor Confidence       -4.3      -3.9       09:30
UK PMI Construction                 49.0      48.7       09:30
US ISM New York                      --       56.7       14:45

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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