Aluminium hits $3,000 a ton for first time in 13 years on supply snarl

Aluminium reached $3,000 a ton in London for the first time in 13 years amid expectations that supply disruptions are here to stay, while demand keeps rising.  
 

The metal kept climbing Monday after advancing 15% over the last three weeks. Chinese output is down amid drives to reduce emissions and conserve power, while a coup in bauxite producer Guinea has raised concerns over the supply of the material used in aluminum production. Smelters in the European Union are also facing rising costs with both carbon credit and power inputs at record highs, Goldman Sachs Group Inc. said.

“In China and