Aluminum prices reach their highest level in the last 13 years

Published by: MRT

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Los precios del aluminio alcanzan su cota máxima de los últimos 13 años

The rising price of aluminum has registered a new record after being placed this Monday in the $ 2,992 per tonne on the London LME Metals Exchange, for the first time since 2008, an increase of 2.6% compared to the previous day.

At the same time, in China, the metal appreciated by 5.4%, reaching the 23,790 yuan (approximately $ 3,685) per ton, which marks its maximum level since 2006.

In early September, the price of aluminum rose to $ 2,782, following news about the price of aluminum. coup in Guinea, a country that produces a quarter of the world’s supply of bauxite, the world’s main source of aluminum.

Likewise, the rise is fueled by the decision of the authorities of China, Guinea’s largest exporter of aluminum, which announced their intention to reduce metal production with the aim of reducing carbon dioxide emissions.

In China, and increasingly in the EU, there is a “growing risk” of policies affecting the supply of aluminum, they warn several Goldman Sachs analysts in a statement released Monday.

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