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Aluminium: the darling of 2017

Aluminium, a metal often associated with a thematic of oversupply, has surprised on the upside in 2017, increasing 20% year to date and exceeding US$2,000 per tonne for the first time since 2014.

Dan Petrie

Dan Petrie

Data Analyst

Viewpoint > Datadigger

Aluminium: the darling of 2017

Aluminium, a metal often associated with a thematic of oversupply, has surprised on the upside in 2017, increasing 20% year to date and exceeding US$2,000 per tonne for the first time since 2014.

Aluminium: the darling of 2017

Aluminium producers will be hoping oversupply does not foil further price rises (photo: http://images-of-elements.com

The cause of this price increase can be traced back to China where policy makers have targeted domestic producers who are either heavy polluters or illegal operators.