Aluminium prices fall as funds step up selling of commodity

Global aluminium prices are closely watched in Ireland because of the huge Rusal-owned Aughinish Alumna facility in the Shannon Estuary

Aluminium prices are clsoely watched in Ireland due to the Aughinish Alumna facility in the Shannon Estuary.

Aluminium prices touched their lowest in more than three months as speculative funds stepped up selling on expectations of rising inventories.

Weak data in top metals market China and a strong dollar weighed on the wider metals market. Three-month aluminium on the London Metal Exchange, or LME, fell 0.5% to $2,123 a metric ton, its weakest since late August.