Closing summary
Time to wrap up - here are today’s main stories.
Goodnight. GW
Aluminium hits 14-year high
In another sign of inflationary pressures, the aluminium price has hit its highest level since 2008.
Aluminium jumped as high as $3,236 per tonne today, fuelled by concern over tight supply and falling inventories.
The light-weight metal is widely used in products from electric cars and aeroplane parts to window frames and cans.
Prices have climbed as China, a major producer, restricted output as part of a drive to cut power consumption and reduce pollution.
An outbreak of COVID-19 in the aluminium-producing Chinese city of Baise also fuelled concerns that production could slow.
#UPDATE The price of aluminium surged to a 14-year peak of $3,236 per tonne on Tuesday on fears of stretched global supplies, partly due to China placing the city of Baise -- a key producer of the base metal -- in Covid lockdown pic.twitter.com/qS0vdJ9Ao6
— AFP News Agency (@AFP) February 8, 2022
