The metal, widely used in vehicle manufacturing and packaging, rose last week on supply concerns to $ 1,981, its highest since December 2014.
Expectations of supply disruptions have led to a tightening of the market, but price increases are likely to be short-lived as producers restart capacity and fill any gap between supply and demand. We are talking about a decrease in the capacity of aluminum production in China in the process of modernization and consolidation of plants due to environmental problems.
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Metallurgy news
- 18 November 2024
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