Aluminum prices rise to 13-years high

Aluminum prices rose on the Shanghai Futures Exchange (SFE). On Tuesday, the price of the practical metal rose to a 13-year high. China, the world’s top aluminum producer, has decided to limit metal production to prevent power shortages. As a result, there is a risk of supply shortage. This is the main reason for the jump in the price of aluminum. News Business Recorder.

The contract price for the most traded aluminum in SFE rose more than 1.6 percent in September. The price of aluminum per ton has risen to 20,575 yuan or 3,175 dollars 74 cents.

Sunbd/NJ