Home > News > China

Falling output in China drives aluminum to six-week high

Friday, Dec 22, 2017

   Aluminum prices hit six-week peaks on Thursday as data showing lower output in China reinforced expectations of tighter supplies.

  Rising stocks in top producer China capped gains, however.
  Benchmark aluminum prices on the London Metal Exchange closed up 1.2 percent at $2,148 a tonne, its highest since Nov 7.
  Prices of the metal, used widely in transport and packaging, are up more than 25 percent so far this year as markets have factored in falling output in China, where the government has shut down some aluminum capacity to cut pollution.
  “A whole range of industrial materials are potentially going to see supply shortages because of the environmental crackdown in China,” said SP Angel analyst John Meyer, adding that fund selling ahead of the year-end would weigh on prices.

Recommended exhibitions

Aluminum company promises to hire 550 in heart of Appalachia
An aluminum company says it will build a $1.3 billion plant in the heart of Appalachia, promising to hire 550 people and......
Aluminium China 2017 to Drive Industry Transformation in Lig
This year’s Aluminium China in Shanghai from 19-21 July is set to mark a new period of growth in the aluminium industry......
International aluminum meeting to include Northern Ontario c
Advocates for workers who were exposed to aluminum dust while working in Northern Ontario mines will present their work ......
The 5th CNIA China International Conference on Energy Conser
Affected by constantly slower economic growth both at home and abroad,demand for nonferrous metal product remain feeble, ......