15 days ago • Posted by Djellza Kolloni

Aluminum hits fresh high since 2011

Aluminum futures surpassed $2,700 per tonne for the first time since May 2011 as a result of rising demand, shipping difficulties, and limited supply. China halted smelting to minimize emissions and achieve environmental goals, while India, the world's second-largest producer of the energy-intensive metal, faces a shortage of coal. Containers for transporting industrial metals from Asia to the U.S. and Europe are also in short supply. Meanwhile, on the basis of climate change investment, worldwide aluminum consumption is expected to rise 8% this year. Source: TradingEconomics