Aluminum in China advanced to the highest level in almost six months after Premier Li Keqiang said the world¡¯s second-largest economy is showing signs of stabilizing, bolstering the outlook for demand for metals.
Aluminum rose as much as 1.7 percent to 11,715 yuan ($1,797.39) a metric ton and closed at 11,700 yuan on the Shanghai Futures Exchange, the highest since Sept. 28. Copper, zinc and nickel all advanced.
- The London Metal Exchange is closed for a public holiday.
- China¡¯s economy has gotten off to a ¡°good and stable¡± start this year and the government¡¯s low debt levels give policy makers the tools to ensure growth in the range of 6.5 percent to 7 percent, Li said at the Boao Forum on Thursday.
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