LME’s aluminum futures price hits 10-year new high intraday on Sep 2
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Update time : 2021-09-03 17:36:39
In this year, there are over 2 million tons of aluminum products have been shut down in China, which counted as around 6% of the total output in China, and the market expected that the number should increase continuously in the future.
According to the market news from the London Metal Exchange (LME), the aluminum future price faced a 10-year new peak intraday on September 2nd, mainly because of the Chinese production restricting policy.
Because of that, the aluminum future closing price in the LME on September 2nd showed US$2,692.5/ton, which increased by 0.1% from the previous trading day.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
