Aluminium prices hit 13-year high to cross $3,200 per tonne

LONDON (TLTP): The price of aluminium exceeded $3,200 per tonne for the first time since 2008, trading data shows.
In October alone, the price of the metal – used in everything from soft drink cans to microchips – gained 12%. The cost of aluminium futures with delivery in three months grew by 2.9% to $3,209 per ton on the London Metal Exchange (LME). Earlier in the day, the figure had reached as much as $3,214 per tonne.
The spike in the cost of the metal propelled growth in the stock prices of aluminium producers.
The price of the metal has been rising steadily for the past nine months. Overall, aluminium prices have jumped more than 60% since January, when the metal traded at around $2,000 per tonne.