Aluminum Rises as Traders Weigh Chinese Output, Mideast Supply (opens original article in a new tab)

Aluminum prices rose as investors balance increased Chinese production against potential Middle East supply recovery and long-term supply constraints.

• Aluminum prices rose 0.3% to $3,388.50 per metric ton on the London Metal Exchange
• Chinese aluminum production hit a monthly record in May, exceeding a government-imposed annual cap
• Middle East smelters may return to the global market, affecting supply dynamics
• Analysts note limited room for further growth in China's aluminum production due to efficiency gains and government regulations
• Global aluminum supply remains constrained despite increased Chinese output