Aluminum stock price jumped to record for 13 years of values. At the beginning of trading on Monday, October 11, the metal ton was worth more than $ 3,000. This is evidenced by these bidding on the London Metal Exchange (LME).
By the morning of Monday, the delivery futures tripled in three months increased by 1.64 percent, to $ 3009.25 per ton. This is the maximum since July 2008. At the same time, the price of the metal is growing for several months in a row against the background of growing demand and supply interruptions.
In mid-September, the price of aluminum reached $ 3,000 per ton. And in early September, the cost of the most popular metal took off 15 percent. China reduces production to achieve goals to reduce carbon dioxide emissions, and the coup in Guinea caused concerns that aluminum supplies will be at risk. European companies also face elevated spending on the release, since carbon emissions rates are growing, and electricity that is required in large quantities for the production of aluminum, more expensive.