Aluminum looks at $3200

The price of aluminum on Monday updated the maximum to $3044 per ton. The upward trend here continues from May 2020 and is only gaining strength. Prices can rise up to $3200 in the medium term. The key trigger for the aluminum rally was the latest news about limiting energy consumption for enterprises in China’s industrial sector.

This provoked a reduction in working capacity, which, in turn, could be the basis for reducing the supply of aluminum.

At the same time, demand aluminum this year grew by 50% due to the active demand of industry for metal – from the production of containers for the food industry to electronics and smartphones.