Aluminum Tops $3,000 For First Time Since 2008 On Supply Woes | WHAT REALLY HAPPENED

Aluminum Tops $3,000 For First Time Since 2008 On Supply Woes

Aluminum prices on the London Metal Exchange hit a 13-year high Monday, extending a year-long vertical ramp amid supply risks in Guinea and alumina refining woes in China and Europe.

The benchmark contract on the LME climbed nearly 1%, touching its highest level since 2008 at $3,000 per ton. Prices have jumped 50% this year and 15% in the last three weeks.

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