Mining News

Aluminium price expected to reach a 30-year high this year

Aluminium has strong potential to outperform other London Metals Exchange base metals this year, having again breached the important milestone of $3 000/t at the start of the year, diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27. He said the aluminium market would remain in a sizable deficit for the second consecutive year, with visible inventories at the lowest level since the global financial crisis – a period of extreme stress in global financial markets and banking systems between mid-2007 and early 2009.

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