Base metals rise on Chinese data; aluminium hits eight-month high – Markets

LONDON: Base metals prices rose in London on Wednesday, buoyed by industrial profit gains in top metals consumer China, while aluminium jumped to an eight-month high on technical buying and supply concerns.

As trade resumed after the Christmas break, three-month aluminium on the London Metal Exchange (LME) gained 2% to $2,373.5 a metric ton by 1148 GMT after touching its highest since May 2…