Soaring Aluminum Drives Up Cost of Everything From Beer to Foil
Yahoo! Finance
(Bloomberg) -- 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.The announc
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