METALS-Shanghai aluminium hits near 2-month high amid Alcoa strike [Reuters]
Alcoa Corporation (AA)
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Source: Reuters
METALS-Shanghai aluminium hits near 2-month high amid Alcoa strike | Reuters Reuters Staff 3 Min Read BEIJING, Aug 9 (Reuters) - Shanghai aluminium rose as much 2.8 percent to a near two-month high on Thursday, tracking a jump in London in the previous session, as a strike affecting Alcoa’s alumina refineries in Australia and warnings of shutdowns by Rusal supported prices. The Alcoa plants account for around 9.3 million tonnes of capacity or some 8 percent of the world’s supply of alumina, the substance used to make aluminium. * SHFE ALUMINIUM: The most-traded October aluminium contract on the Shanghai Futures Exchange was up 2.7 percent at 14,875 yuan ($2,179.68) a tonne, as of 0203 GMT, having earlier touched 14,885 yuan a tonne, its highest since June 13. * LME ALUMINIUM: Three-month aluminium on the London Metal Exchange rose as much as 1.9 percent to $2,146 a tonne, its highest since June 29, extending a 3.3 percent jump in the previous session. * ALCOA: Alcoa workers in Western
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