Aluminum Hits 4-Year High on Trump’s Blockade of Hormuz
The lightweight metal rose as much as 2.3% on the London Metal Exchange, reigniting a rally driven by supply shortages due to the Middle East war.
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The lightweight metal rose as much as 2.3% on the London Metal Exchange, reigniting a rally driven by supply shortages due to the Middle East war.
Despite elevated aluminum production costs and shipment timing issues, Alcoa (AA) is strongly capitalizing on structurally higher prices.
Already the biggest producer in the world, China’s daily aluminum output rose to a record 129,000 tons last month
Aluminum Corp of China, the country’s largest State-owned producer of the lightweight metal, has agreed to invest $1-billion in an alumina plant in Guinea to tap local bauxite reso...
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