LME aluminum price to be driven by strong demand
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Update time : 2020-12-17 17:49:58
It was reported that aluminum price was expected to be boosted by the strong demand from China and the US, rising freight costs, and a tight supply of aluminum scrap.
Jorge Vazquez, the founder of consultancy Harbor Aluminum, predicted that the London Metal Exchange (LME) aluminum price will reach at least US$2,200/ton before the end of the first quarter of 2021, showing a sharp fluctuation in economic activities and demand for aluminum.
