Aluminum Notches Gains on China Power Cuts

Aluminum prices extended their gains Thursday, with the base metals contract boosted by power outages in China and South Africa that have cut production in the energy-intensive industry. Aluminum for delivery in three months closed at $2,685 per metric ton, up from $2,674.50 Wednesday, according to official prices in the London Metal Exchange. Prices have rallied 9% in the last week. China is the world's largest producer and consumer of the lightweight metal.

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