Aluminium steadied on Friday after its biggest one day increase in nearly three months a day earlier as investors reassessed concerns about capacity cuts in top producer China. An industry association said last month that China would launch a crackdown to curb the illegal expansion of aluminium capacity and Chinese media on Thursday reported significant shutdowns were in the pipeline. * ALUMINIUM PRICES: Three-month London Metal Exchange aluminium ended up 0.2 per cent at $US1,927 a tonne, having gained 1.7 per cent in the previous session. * CHINA SPENDING: China's fiscal spending jumped 19.1 per cent in June from a year earlier, quickening sharply from a 9.2 per cent rise in May and signalling government efforts to cushion a gradual slowdown in the economy. Originally published as Investors reassess China cuts concerns

Source: Daily Sun July 16, 2017 22:51 UTC