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In a year that has witnessed an exceptionally volatile nickel market, Myra Pinkham collects expert metal analysts' views on the causes and their opinions on the outlook for the vital base metal now
The gains will heap fresh inflationary pressure on buyers who use aluminum in everything from cables to drinks cans.
Australian shares look set for an uncertain open after US markets swung wildly; oil went past $US105 a barrel; gold, aluminium and nickel hit highs.
[LME aluminum rose against the market on concern about Russian supply] LME aluminum rose on Tuesday, shrugging off pessimism in financial markets on concerns about the impact of the crisis in Ukraine on supplies in Russia, a major aluminum producer. 17:00 London time (01:00 Beijing time on January 25th)), LME three-month aluminum prices rose 2.1 per cent, or $63.50 a tonne, to $3092 a tonne, in sharp contrast to declines in most other metals.
[LME copper closing lower Fed hawkish signal to hit risk appetite] 17:00 London time (01:00 on January 7th, Beijing time)), LME copper for three-month delivery closed down $167, or 1.72%, to settle at $9531 a tonne. Fed policy makers said at last month's meeting that a "very tight" job market and rising inflation could accelerate the process of tightening monetary policy. The strength of the dollar has reduced demand for dollar-denominated assets. Fed minutes dragged down stocks and some bond yields climbed.