LME aluminum price rises by 0.31% on tight supply
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Update time : 2022-03-02 21:15:43
The tension between Russia and Ukraine still exists, ceasefire talks ended without any breakthrough on Monday, and it is still unknown when the next round of talks will start. Besides, RUSAL has stopped production at its Nikolaev Alumina Refinery in Nikolaev, Ukraine due to logistics problems on the Black Sea and surrounding area, which tightened supplies of aluminum.
Therefore, LME aluminum prices continue increasing, hovering near a record high of US$3,525/ton reached on Monday.
As of 13:40 Taipei time on Tuesday (March 1), LME aluminum futures price hiked by 0.31% to US$3,379/ton, and the highest intraday hit US$3,415/ton.
Entering the Chinese New Year holiday, market trading is sluggish
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