This morning in metals news, Chinese aluminum output fell to its lowest total since February 2015, Liberty House considers buying a large Rio Tinto smelter in France and copper approaches a two-week high.
Chinese Aluminum Output Falls
Chinese primary aluminum production dropped for a fifth straight month, Reuters reported.
In fact, winter smelting restrictions saw output fall to its lowest in the country since February 2015, according to the report.
Liberty House Eyes Rio Tinto Smelter
According to Reuters, Liberty House is considering a bid for Rio Tinto’s aluminum smelter in northern France.
The Dunkirk plant is valued at around 200 million euros, according to Reuters sources familiar with the matter.
Copper Rises Near Two-Week High
A weakening dollar and positive Chinese manufacturing data saw copper rise on Thursday, Reuters reported.
The Chinese industrial sector grew faster in November than markets expected.
London Metal Exchange copper traded at $6,760 a ton in official midday rings, according to the report.