Reported about 10 hours ago
Aluminum prices increased as the European Union considers imposing import restrictions on Russian aluminum and the growth of Chinese production is expected to slow. The price reached approximately $2,600 per ton in London, influenced by potential EU sanctions due to Russia's invasion of Ukraine. With already reduced Russian shipments to Europe, China's imports of Russian aluminum have surged. Analysts suggest that the market is adjusting and may not urgently require Russian aluminum, while also noting that China's aluminum production growth may soon plateau, impacting export levels and bolstering prices.
Source: YAHOO