Aluminum May Gain 9% in Shanghai on Tight Supply

Bloomberg reports that according to Standard Chartered Plc analyst Judy Zhu, Aluminum prices in China are likely to rise about 9 percent in the coming weeks.

The market news is quoted as saying:

Aluminum on the Shanghai Futures Exchange may advance to 20,000 yuan ($3,106) a metric ton, Zhu said in a report today. The metal has advanced 8.9 percent in Shanghai this year to close at 18,340 yuan today, outpacing a 4.6 percent gain by futures on the London Metal Exchange.

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