KALU - Aluminum hits 20-month high as China demand erodes supplies

Aluminum futures (LMAHDS03:COM) on the London Metal Exchange closed at $1,908/mt, their highest level since March 2019, as greater than expected Chinese demand depleted inventories.Bloomberg reports China's aluminum ingot inventories in eight major consumption centers, including Shanghai and Wuxi, fell to 635K tons as of Monday, down from a peak of 1.68M tons in April, according to data from Shanghai Metals Market.Potentially relevant tickers include [[AA]], [[CENX]], [[KALU]], [[ARNC]], [[ACH]]ETFs: [[JJU]], [[JJUB]]

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Aluminum hits 20-month high as China demand erodes supplies