LME aluminum driven up by China’s stimulate policy
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Update time : 2022-04-27 19:17:08
LME aluminum price rose back by 1% to US$3,094/ton as of 7:58 a.m. local time yesterday. The bounce was due to investors' assessment that China's major infrastructure project will push and decrease the aluminum inventory.
China’s President Xi Jinping appealed to stimulate infrastructure spending, the latest measure to boost China's economy which was impacted by epidemic prevention blockage.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
