This morning in metals news: the LME three-month aluminum price has continued to rise in the leadup to the Thanksgiving holiday; Rio Tinto signed a new agreement to strengthen its partnership with China’s Tsinghua University; and, lastly, New York state is one of the U.S. leaders in renewable energy generation.
Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more.
LME three-month aluminum prices gains
Like other metals, the LME three-month aluminum price has showed significant upward momentum this year.
The LME-three month aluminum price closed last week at $1,995 per metric ton. Aluminum is up 8.22% from the previous month.
Furthermore, since its April trough, the price has increased 37%.
Rio Tinto strengthens partnership with Tsinghua University
Miner Rio Tinto announced it is strengthening its partnership with China’s Tsinghua University.
The firm said it is committing an additional 30 million yuan ($4.5 million) over the next five years to support research projects at the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development.