The reason why the price of aluminum rose was due to many factors. The operational system of one of the largest aluminum producers, Norsk Hydro, suffered kind of cyberattack last week. This issue affected gravely the industrial activities of this enterprise.
On the other hand, the stock of aluminum fell by 7,000 tons, thus for the moment the stock was just 1.14 million tons, as per the statistics of LME (London Metal Exchange). This number touched its bottom since mid-December last year.
The price of aluminum according to LME was US$1,911/ton on March 27th, which was a new high after March 21st.
LME aluminum stock falls while price rises
29 Mar 2019 15:25 reported by Juantxo Huang
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