Aluminium prices hit highest in 14 years


(File pic: Aluminium stocks in Malaysia's Port Klang:) Aluminium stocks in LME-registered warehouses have fallen to the lowest level since 2007 at 767,700 tonnes, down from almost 2 million tonnes last March. - Reuters

LONDON, Feb 8 (Reuters) - Aluminium prices reached their highest since 2008 on Tuesday, buoyed by investor concern over tight supply and falling inventories.

Benchmark aluminium on the London Metal Exchange (LME) was up 1.6% at $3,183.50 a tonne by 1743 GMT after rising as high as $3,236.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Aluminium , stocks , Port Klang Malaysia , price , LME ,

   

Next In Business News

Oil falls on prospect of higher-for-longer US rates
Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Wellness a top priority
InNature diversifies into the F&B industry
Tolerance for a cheaper yuan may be temporary
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
China’s push for greener aluminium hit by erratic rains, power cuts

Others Also Read