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Story summary
- Aluminum prices rose up to 2% in London as South32 Ltd.'s Mozal smelter in Mozambique was poised to close.
- The Mozal closure highlights supply constraints affecting key consumer markets, particularly in Europe.
- Copper prices rose due to a tighter supply outlook and a weaker dollar, even as Chinese demand cooled ahead of the Lunar New Year.
- Refined copper spot trades in China fell significantly, indicating reduced demand.
