Aluminum price hits 13-year high on Oct 12

        The London Metal Exchange (LME) aluminum price reached US$3,042/ton today (October 12), which is the highest level in 13 years.

        Due to the sharp increases in raw material cost and power rationing measures in China, aluminum prices came to a 13-year high since 2008. Affected by the above factors, the raw material markup will cause more underproduction in the near future.