After reaching a 15-month high on 7 January, the LME aluminium price suffered a 1.9% correction on Friday, as investors took profits. The trigger for the investors’ sale was a disappointing jobs report from the USA. The re-weighting of the DJ-UBS commodities index, together with the trading of funds that replicate it, contributed to the correction as industrial metals were sold in favour of energy and agricultural commodities.
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