METALS-Aluminium bounces on short-covering after Rusal news

Aluminium rebounded on Monday as investors bought back bearish positions after a U.S. official raised the prospect of lifting sanctions on Russia’s Rusal. Cancelling sanctions on Rusal, the world’s biggest aluminium producer outside of China, would ease fears of a supply shortage. However, some investors who had placed short positions in expectation of sanctions being lifted were now liquidating them, said Jul Source: Company News

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