Aluminium prices lifted to 10-year high by China concerns


Aluminium stocks at Port Klang in Malaysia (File pic)

LONDON: Aluminium prices hit their highest in more than 10 years on Tuesday as smelters in top producer China faced tougher power controls, stoking supply worries for the energy-intensive metal.

The government in China's Guangxi region, an aluminium and alumina production hub, on Monday called for tougher controls on energy consumption in a statement issued after a teleconference.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Aluminium , copper , China , power , Malaysia ,

Next In Business News

Shanghai stocks drop the most in 10 months amid commodity markets rout; Hong Kong shares down
Gold, silver extend free fall as CME margin hike fuels selling pressure
Oil prices fall nearly 5% on US-Iran de-escalation
Slump in commodities rattles global markets
South Korea and Indonesian stocks tumble, Asian currencies weaken
BYD leads Chinese automaker selloff on weakening sales
Sime Darby Property maintains AA+IS rating with stable outlook
Asia's factory activity expands on solid global demand
Magnum introduces PlayNow feature to enhance customer experience
AI push moves innovation into everyday life

Others Also Read