LME aluminum prices hiked yesterday (March 16) due to a hope that China, the top consumer of metals in the world, will introduce more stimulus measures, which might ease worries about the recent COVID-19 epidemic outbreak in the country.
The three-month aluminum price on the LME was US$3,345.5/ton by 1020 GMT, up by 2.1%.
Chinese Vice Premier Liu He said that China will introduce more policies favorable for its capital markets in order to boost the Chinese economy.
LME aluminum price rises, supported by China’s planned stimulus policies
17 Mar 2022 15:46 reported by Joy Liu
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