Aluminium prices hit their highest in more than 10 years on Tuesday as smelters in top producer China faced tougher power controls, stoking supply worries for the energy-intensive metal.
DOMINANT POSITION: Exacerbating the tight situation was a large position accounting for 50-80% of available inventories, LME data showed.
OTHER PRICES: LME copper rose 1.3% to $9,530 a tonne, zinc was flat at $3,002, lead shed 1.5% to $2,262 and tin advanced by 1% to $33,900.
Nickel jumped by 3.2% to $19,610 and hit record prices on ShFE, supported by low stocks and higher demand.
Post time: 10月-19-2021