Posted AT 6:33 PM EST on 16/07/08
Rising stocks, demand worries weigh on aluminum
LONDON — Aluminum prices fell on Wednesday as the market worried about rising stocks and soft demand from auto makers, while fears of slowing demand from China pushed copper lower.
Aluminum for three-month delivery on the London Metal Exchange ended at $3,125 (U.S.) a tonne compared with $3,215 at the close on Tuesday. Earlier it hit an intra-day low of $3,083, down by 4.1 per cent.
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