Aluminum Hurtles Toward Decade High as Supply Concerns Mount
- China curbing output to conserve electricity and cut emissions
- Goldman, Citi and Trafigura forecast more gains to come
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Aluminum rose for a seventh day -- to near the highest in a decade -- as deepening Chinese output cuts raised fears of a supply shortfall.
The southwestern Chinese province of Guangxi, a major metals producer, will cut output of energy-intensive materials including aluminum, according to people familiar with the matter. That came after the Xinjiang autonomous region started similar curbs from August.