Aluminium hits 10-yr high amid China supply curbs

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 per cent 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 fuelling wider inflation concerns with Goldman Sachs, Citigroup, and Trafigura forecasting more gains as the industry braces for a potentially seismic shift into deepening deficits.