The Aluminum Monthly Metals Index (MMI) remained sideways with an upside bias, rising 0.56% from August to September. Meanwhile, the global price of aluminum reached highs not seen since the beginning of the year. LME aluminum touched a 6-month high by its September 16 close as the price of aluminum broke out of its sideways trend on emerging deficit concerns due to Chinese output nearing its production cap. For years, China’s aluminum sector fueled global overcapacity. State subsidies gave Chinese producers a significant market advantage, while rising electricity prices and ample global supply presented considerable ... (full story)