Aluminium hits 10-year high as demand roars, China supply curbed

Aluminium charged to a 10-year high in London, extending a year-long rebound as demand surges and supply of the usually abundant metal comes under pressure.
 

Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011 and moving closer to an all-time high above $3,300 a ton. That’s fueling wider inflation concerns with Goldman Sachs Group Inc, Citigroup Inc. and Trafigura Group among those forecasting further gains as the industry braces for a potentially seismic shift into deepening deficits.

Supply is increasingly challenged, particularly in top producer China. The energy-intensive aluminium industry has