The benchmark on the London Metal Exchange (LME) rose ~0.7% to about US $2,871/t, supported by better demand outlook and restrained output growth in China. Hellenic Shipping News

Summary:

Aluminium prices rose on thursday, helped by prospects of improved demand and limited output growth in china , the world’s largest producer.
Benchmark aluminium ALl1′ on the london metal exchange was up 0.7% at $2,871 a metric ton in official open-outcry trading.The metal hit $2,920 on monday for its highest since May 2022.
” Aluminium is sat around this year’s highs as tight supplies and strong demand support prices , with China’s market growing tighter”, said Neil Welsh , head of metals at Britannia Global Markets.

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