Aluminium prices lifted to 10-year high by China concerns

TheStar Wed, Sep 01, 2021 06:52am - 2 years View Original


Aluminium stocks at Port Klang in Malaysia (File pic)

LONDON: Aluminium prices hit their highest in more than 10 years on Tuesday as smelters in top producer China faced tougher power controls, stoking supply worries for the energy-intensive metal.

The government in China's Guangxi region, an aluminium and alumina production hub, on Monday called for tougher controls on energy consumption in a statement issued after a teleconference.

The region is China's third-biggest producer of alumina, a primary product of aluminium, with output of 925,500 tonnes in July, according to the National Bureau of Statistics.

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Comments

Ah Choon Wong
1 Like · Reply
All governments go for Green energy (Solar Panel) and EV will at least support the price of Aluminium at above US 2400.00 for the rest of the year. Australia now have 30% of their houses fixed solar panel at the roof top.
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