LME aluminum price rises on tight supply

    The increase in LME aluminum prices was due to China's dual control of energy consumption policy and the global energy crisis. Besides, owing to the 2022 Beijing Winter Olympics, China strictly controls air pollution in North China in February, so the production of metallurgical alumina decreased. The production capacity of downstream aluminum processors hasn’t fully recovered due to environmental controls.

    Coupled with the severer COVID-19 epidemic in Tianjin and Henan, cargo shipments were also affected, which tightened the supply of aluminum.