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What’s fuelling the recent surge in aluminium prices?
- LME aluminium prices have climbed sharply over the last two days on potential EU ban.
- EU likely to impose further sanctions on Russian aluminium products in February.
- Aluminium output in China is nearing Beijing's capacity cap.
Aluminium prices on the London Metal Exchange have risen sharply over the past couple of sessions after the European Union considered imposing more sanctions on Russian aluminium products. On the LME, aluminium prices had hit $2,622 per ton earlier on Thursday, its highest level since November 26, 2024. The three-month contract on the exchange was […]
January 16, 2025