Aluminium price hits record high

July 14: Aluminium canstock costs could rise faster than expected following a record jump in the price on the London Metal Exchange.
Although the LME price had been holding above $3,000 per tonne since February, it jumped by 4 percent to reach $3,350 per tonne on Thursday after some 70 percent of Chinese smelting capacity agreed to reduce output to save energy.

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