Aluminum hit an all time high on $3,380 a ton on the LME this morning. As usual, the full details of the supply disruption in China took some time to emerge -in this case it has been smelters in Shanxi reined in by an overstretched power grid.
There have been a series of smelters idled by lack of power recently (particularly in South Africa) but this work halt is particularly emblematic of the global inflation dilemma -reports in the Chinese press indicated that power had to be diverted for agricultural production. You can't eat aluminum.
Andrew Barber
Director
There have been a series of smelters idled by lack of power recently (particularly in South Africa) but this work halt is particularly emblematic of the global inflation dilemma -reports in the Chinese press indicated that power had to be diverted for agricultural production. You can't eat aluminum.
Andrew Barber
Director
