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Aluminum price hits new high due to China’s tight supply

Wednesday, Mar 17, 2021
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     Due to rising concern on the tighter supply of aluminum in China, aluminum futures hiked to US$2.237/ton on the New York Mercantile Exchange (NYMEX), hitting a new high compared to the past nine and a half years on Wednesday (March 3).

    Shanghai aluminum prices rose by 4.2% to RMB 17,640/ton, with the most-traded April aluminum contract on the Shanghai Futures Exchange (SHFE), which came near the highest level since August 2011.

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