29 days ago • Posted by William Ramstein
Are aluminum prices set to stabilize at $2,000 or could they continue surging in 2021?
Benchmark aluminum prices will probably remain around $2,000 per ton for 2021 as a whole, the United Arab Emirates-based company said. They’ve climbed roughly 12% this year to $2,218 in London -- the highest since mid-2018 -- amid a rally in commodities from metals to energy and food. Low-carbon aluminum is fast gaining traction, despite it being more expensive, with firms including Apple Inc. working with suppliers to reduce emissions. Electricity generation accounts for around 60% of the aluminum industry’s greenhouse-gas emissions and most smelters still use coal. You could play it through this ETN. Source: Bloomberg