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Commodities

China's production cuts add luster to aluminum prices

Trump's broken pledge on infrastructure spending pushes copper, zinc down

Many aluminum smelters in China have excessive capacity.

TOKYO -- Aluminum prices are rising over concern of a supply shortage as China, the world's largest producer of the metal, continues to trim excess capacity. 

As of the end of April, the benchmark three-month aluminum futures on the London Metal Exchange were around $1,930 per ton, up about 15% from the start of the year. Meanwhile, copper futures fell 9% from their recent highs in mid-February to around $5,600. Zinc futures were down 15% to around $2,500.

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