Shanghai aluminium steadies as supply concerns weigh

BEIJING, Dec 25 (Reuters) – Shanghai aluminium prices were relatively steady on Monday, supported by raw material supply risks and stable demand. The London market is closed for the Christmas holiday. The most-traded February aluminium contract on the Shanghai Futures Exchange rose as much as 1.5% to a two-month high in early trading, although it subsequently eased to trade 0.2% lower at 19,065 yuan ($2,671.63) per metric ton as of 0435 GMT. A deadly explosion at an oil terminal in Guinea destroyed fuel tanks and sparked fears over the country’s export of bauxite, the raw material to make the light metal. China imported 91 million metric tons of bauxite from Guinea in the first 11 months this year, accounting for…