In February 2012, aluminium prices rose around 3.4 per cent on the LME, mainly on account of increased imports from China, weakness in the US dollar and upbeat sentiments in the global markets. Improved economic data from the US during the month also acted as a positive factor for aluminium prices. Production of aluminium is an energy-consuming process and rise in crude oil prices affected the production cost of the metal. Crude oil prices rose almost 9 percent in February, thus leading to increased concerns over aluminium production.
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