Shanghai aluminium hit new record high amid robust demand, production curbs

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Aluminium has become one of the best-performing metals so far this year driven by robust demand and short supply caused by production curbs amid China's so-called "dual controls" on energy consumption and energy intensity to help achieve its carbon-neutrality target.

The most actively traded aluminium futures contract on the Shanghai Futures Exchange, for October delivery, jumped as much as 5.6 per cent to hit a new record high of 23,610 yuan per tonne on Monday, before closing the trading day 4.4 per cent up at 23,610 yuan per tonne . . .

 

 

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