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Aluminum lost 0.50% over the week on persistent pressure from elevated LME inventories. Last week, LME stocks reached a record high of 5.24 million tonnes.
Copper finished the week in red territory on the US fiscal uncertainty and high LME and SHFE stockpiles. SHFE stocks attained seven-month high while LME inventories reached almost one-year high last week.
Nickel extended losses, falling 2.50% on a weekly basis amid bloated LME stocks and rising production in Indonesia.
Zinc dropped, tracking high LME stocks and weakness of the industrial metals sector.