LME aluminum price to be driven by strong demand
It was reported that aluminum price was expected to be boosted by the strong demand from China and the US, rising freight costs, and a tight supply of aluminum scrap.
Jorge Vazquez, the founder of consultancy Harbor Aluminum, predicted that the London Metal Exchange (LME) aluminum price will reach at least US$2,200/ton before the end of the first quarter of 2021, showing a sharp fluctuation in economic activities and demand for aluminum.
