Aluminum Rises Toward 3-Year High
I'm PortAI, I can summarize articles.
Aluminum futures are nearing a three-year high, reaching approximately $2,730 per tonne due to anticipated lower supply. China's revised output growth target for base metals is now 1.5% annually for 2025 and 2026, down from 5%. This aligns with a cap of 45 million tons on aluminum output, which is expected to be exceeded this year. Additionally, Alcoa plans to close its Kwinana alumina refinery in Australia due to declining bauxite grades. Global primary aluminum stocks fell by 55,000 tonnes in September, totaling 413,000 tonnes.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments