Aluminum Price Update- 2/20/23

Date

Aluminum prices are on the rise because of supply concerns after reports were released that smelters in a top producer in China are slowing down production.

Three-month Aluminum on the London metal exchange is now up to $1.11 today, after being down 0.3% on Friday.

The market as a whole is seeing some support With the production of aluminum being curbed in one of chinas major producing provinces in Yunnan as supply concerns linger.

Copper has seen a jump of 1.7% today to around $4.18 which is the highest price we have seen for the metal in two weeks.

Lead, Nickel, and Tin are seeing gains as well between today between 3-5%, which is just another positive sigh in todays market.

This is some great news to start off our Monday. We will make sure keep you updated on the market as this week goes on!

MORE ARTICLES