LME aluminum price hits record high repeatedly on supply concerns
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Update time : 2022-03-08 18:05:39
The LME aluminum price surpassed the US$4,000/ton level for the first time this morning due to concerns on disrupted supply in the aluminum and energy market caused by Russia's invasion of Ukraine.
The three-month aluminum future price reached record highs every day in the previous week. The price hiked to US$3,820/ton on March 4 after hitting a new high at US$3,340/ton earlier in February.
The global sanction imposed on Russian industry has led to a surge in aluminum prices, despite no sanctions on specific metals.
