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Aluminum Hits $3,000 for First Time in 13 Years on Supply Snarl

  • China’s Yunnan province orders output curbs: Steelhome
  • Policy risk to supply growing in China and EU, Goldman Says
Aluminium Smelting at United Co. Rusal
Photographer: Andrey Rudakov/Bloomberg
Updated on

Aluminum reached $3,000 a ton in London for the first time in 13 years amid expectations that supply disruptions are here to stay, while demand keeps rising. 

The metal has surged about 14% over the past three weeks as supply risks increase throughout the industry, from bauxite mining in Guinea and alumina refining in Jamaica to aluminum smelting in China and beyond.