Aluminum prices highest at two-years

The price of aluminum has reached the highest level in the global market in recent times. The price of the precious metal has risen the most since 2018. Investors in various countries, however, had earlier feared that its value would fall. However, in recent times, the demand for aluminum has increased due to the increase in production and the initiative to make the wheel of the economy more dynamic in the powerful countries of the world economy like China and the United States. News of China’s reduced use of aluminum to curb carbon pollution has also led to a global supply shortfall. As a result, the supply of less aluminum than demand has contributed to its rise in prices. News Reuters.

Aluminum prices rose 0.8 percent on the London Metal Exchange. Its price has risen to 2,286.50 sent per tonne. Earlier, the price of aluminum was 2,282.50 sent per tonne.

Sunbd/NJ