The price of aluminum is on its way to the longest series of profits in the year before the federal meeting

The price of aluminum for the seventh consecutive session rose before the Federal Reserve meeting this week, which could lead to a reduction in interest rates. The standard aluminum price on the London Metal Stock Exchange recorded parallel to the rise in Asian stocks to go on a path of the longest wave of rise in more than a year. Prices rose 0.6% to $ 2.705 per tonne, the highest level since March, before it dropped a bit. The view of federal, investors are awaiting the federal decision on monetary policy on Wednesday, amid the increasing expectations of financial facilitation, raising the dollar and raising the prices of industrial minerals. Also read: A decisive week for global monetary policy. The ‘Federal’ prepares itself for the first reduction in the interest during the Trump era. Aluminum has received support over the past few weeks with a step in requests to withdraw shares, which have deepened concern about the abundance of supply. Aluminum price rose 0.2% to 2694.50 dollars per ton at 12:18 p.m. Singapore time. The price of copper also rose 0.2%, while zinc and nickel also recorded minor profits.