LME aluminum prices hiked yesterday (March 16) due to a hope that China, the top consumer of metals in the world, will introduce more stimulus measures, which might ease worries about the recent COVID-19 epidemic outbreak in the country.

The three-month aluminum price on the LME was US$3,345.5/ton by 1020 GMT, up by 2.1%.

Chinese Vice Premier Liu He said that China will introduce more policies favorable for its capital markets in order to boost the Chinese economy.