Reported 2 days ago
Aluminum prices are climbing due to fears of tighter global supplies after China eliminated its export tax rebate, contributing to trade tensions. The weaker dollar has also made commodities cheaper for buyers, with aluminum increasing 0.7% to $2,626.50 per ton on the London Metal Exchange. This surge is a result of the substantial impact on Chinese aluminum exports, while other metals like copper, nickel, and zinc have also shown gains.
Source: YAHOO