Inflation concerns harden as aluminium hits 13-year high


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Aluminium reached $3,000 a tonne for the first time in 13 years Monday, ratcheting up soaring inflation concerns that in turn are boosting the dollar as traders eye higher interest rates to tame runaway prices. Equities traded mixed as investors weighed hopes for better US-China trade relations against further regulatory clampdown from Beijing on the Chinese tech sector. Sentiment has been lifted by news that US President Joe Biden held talks on Friday with Chinese counterpart Xi Jinping in a bid to smooth relations between the superpowers. At the same time, market caution persisted after data showed inflation of goods...