Rio Tinto said 08 aluminum prices may pass $3,000/ton

"Another disruption to aluminum production this year, particularly in China, may push price pass mid-$3,000 per ton." Rio Tinto Alcan Chief Executive Richard Evans DoneJones said on February the 28th. Meanwhile, aluminum price has climbed steadily as power disruptions in South Africa and China have affected aluminum production. South African electricity enterprise Eskom has said it can only guarantee 90% of supply, while China authorities are still working to restore power in parts of the country following severe weather. It's not imaginable that aluminumin price in the short term rose to 3,000 US dollars per ton if the production disruption happens because it's very likely that aluminum supply in 2008 changes from surplus to shortage.