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LME Aluminum Price Hits 5-Year High

Sep 02, 2018

The supply reduction comes amid prospects for tighter supplies from China as producers cut output over winter to clear pollution, sending LME aluminum to its highest price in five years on Wednesday.
China has launched a campaign to curb choking smog in its northern regions, ordering a slew of output cuts by the steel and aluminum producers. Aluminum makers must cut capacity by more than 30 percent across 28 cities.