MARKET TALK: Higher Stocks, Contango Weighs On LME Aluminum

Rising LME aluminum stocks and a move into contango as a dominant long exits its position are weighing on prices with the market seen under pressure ahead of the weekend, a London-based trader says. Increasing production, particularly in China, is starting to turn the market's fundamentals, he adds. LME aluminum is last at $2,800 a metric ton, unchanged overnight.