China Electricity Shortage Boost Metal Price Rise

Recently, according to tension reconstruction work and industry production resume after the snowstorm, metal price is expected to has another raise.

The reconstruction work will need large amount of wire, cable and construction aluminum, so the metal industry will be tension.

Global metal market has quickly response to the disease in China. In this month, global aluminum price rose 11.4%, copper rise 7.5%, lead grew 7.9%, and tin grew 1.2%. Data show that China aluminum output will decrease 650 thousand ton because of the snowstorm.

Lme-Select was grew 114.5 dollars yesterday, rose rate reach 4.2%.

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