LONDON: Aluminium is heading for its biggest winning streak since 1988 in the four days since the US slapped sanctions on United Co Rusal and as top exchanges said they will stop accepting metal from the Russian smelting giant.
The metal advanced 3% yesterday to US$2,266.50 a tonne by 11am on the London Metal Exchange (LME). That is up 13% since last Thursday, before the US announced sanctions.
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