Aluminum price hits 3-year high on strong trade data from China ...News

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Aluminum price hits 3-year high on strong trade data from China
The price for aluminum for three-month delivery on the London Metal Exchange has risen to its highest since June 2018, reaching $2,304 per ton. The growth comes as China trade data buoyed the outlook for demand. The price for the metal settled at $2,293 per ton as of Wednesday. China’s imports and exports continued their strong rebound in March, data released by customs showed. Exports grew by 30.6% in March compared to a year earlier. Imports also surged 38.1% last month from a year earlier, to $227.34 billion, well above expectations of 24.5% growth. Experts say the figures suggest that the global economic rebound is helping spur dem

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