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Aluminum Prices Surge in China on Demand, Speculation- Trade
Edited by : AL CIRCLE
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China's aluminum prices have risen 4.1 percent so far this week to hit a 15-month high on Thursday due to steady demand and speculation, and this could drive up prices of the metal on the London Metal Exchange, traders and analysts said.
Strong prices are raising worries that Beijing's commodity manager, the State Reserves Bureau (SRB), will release aluminum stockpiles to ease domestic prices as China aims to fight inflation in the country, the world's top aluminum consumer.
Strong prices are raising worries that Beijing's commodity manager, the State Reserves Bureau (SRB), will release aluminum stockpiles to ease domestic prices as China aims to fight inflation in the country, the world's top aluminum consumer.
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