Electric car construction will drive aluminum prices to 30 year high: Mining company CEO
Aluminum is set to reach its highest price for more than 30 years, according to the CEO of mining company Eurasian Resources Group. In 2021, the price of the metal surged to a 13-year high, gaining over 40 percent year-on-year. Benedikt Sobotka believes a combination of Chinese demand, a global focus on renewables, and rising electric vehicle production will further push up the cost of aluminum over the upcoming 12…