Aluminum Holds Gain as Withdrawals From Warehouses in Asia Surge

Aluminum held recent gains as requests to make withdrawals from London Metal Exchange warehouses in Asia surged for a second day.

Prices fluctuated near $2,615 a ton in choppy trading, after advancing 1% over the previous two sessions. Requests to load out almost 100,000 tons of aluminum from LME depots in Malaysia in just two days reduced the volume of stockpiles available to other buyers from a 14-month high.