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Soaring aluminum drives up the cost of everything from beer to foil | |
admin | |
2021-08-03 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | ![]() Image courtesy of Adobe Stock Photos
For consumers and economists hoping commodities inflation will soon subside, the aluminum market delivered some discouraging news on Monday. The world’s second-largest brewer, Heineken NV, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next year. Reynolds Consumer Products Inc., the maker of the iconic Reynolds Wrap, said it’s facing costs of about $400 million this year driven in large part by aluminum and resin. Click here for an interactive chart of aluminum prices The announcements come on the heels of a more than 30% gain in benchmark aluminum prices so far this year, with the metal on Monday approaching a decade high. The warnings are the latest in a host of cautionary signals from companies that underscore the potentially far-reaching impact of the surge in commodities from corn to steel. ![]() Further dimming prospects for a break from elevated aluminum prices is that years-long supply gluts are beginning to fade, with demand for low-carbon energy sources boosting demand for the lightweight material and top producer China cracking down on polluting industries such as metals producers. Goldman Sachs Group Inc. is forecasting record prices above $3,000 a tonne by late next year. (By Joe Deaux, with assistance from Gerald Porter Jr.) |
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来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/334760 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Soaring aluminum drives up the cost of everything from beer to foil. 2021. |
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