Weakening prices changed direction when the cash price of primary Indian aluminum rose 1 percent on MetalMiner’s aluminum price index on Nov. 23, 2012.
On the LME, the primary aluminum cash price declined 0.6 percent to $1,915 per metric ton. The 3-month price of aluminum weakened by 0.6 percent on the LME, settling at $1,935 per metric ton.
Chinese aluminum prices closed flat for the day. Following two days of downward movement, the cash price of Chinese aluminum held steady. The prices of Chinese aluminum scrap, billet, and bar were unchanged.