Aluminium gains as LME stocks drop to record low, China eases Covid curbs


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Aluminium prices have gained over three per cent in the past two sessions on the London Metal Exchange (LME) after shedding nearly 35 per cent from the record high of $4,073.50 a tonne on March 4 this year. ING Think, the financial and economic analysis wing of Dutch multinational financial services firm ING, said the metal has gained primarily after stocks dropped to a record low of 2.6 lakh tonnes. Chinese officials announcing the gradual reopening of regions such as Shanghai from the Covid lockdown has also spurred the metal higher. Russia sanctions On Monday, three-month contracts for aluminium ended...